MANDALAY, ELM LANE, MINSTER ON SEA, SHEERNESS, ME12 3SQ - £195,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MANDALAY is a very large detached house of 234m², built sometime between 1983 and 1990. It was last sold for £195,000 in December 2003, which was around 13% below the average December 2003 detached price in the Swale local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

MANDALAY Sold Prices

Land registry data shows two sales for MANDALAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Swale local authority area for the corresponding sale date. Both of the two MANDALAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2003 3 DEC	£195,000	£224,739	13% below HPI
1996 12 JUL	£81,500	£84,888	4% below HPI

MANDALAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Swale local authority area over time, sourced from the HPI. The two MANDALAY sales from July 1996 and December 2003 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 1996 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the December 2003 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is MANDALAY?

MANDALAY is 234m² according to the EPC inspection conducted in January 2022. This puts it in the largest 10% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where MANDALAY lies on this distribution: 98% of detached houses are smaller than MANDALAY, and 2% of houses are larger. Note that EPC data is not available for all properties in Minster.

MANDALAY: Plot and Title Map

MANDALAY sits on a plot of roughly 0.144 of an acre, or 583m². The below map shows the location of MANDALAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of MANDALAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is MANDALAY?

MANDALAY is located on ELM LANE in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of MANDALAY on ELM LANE.