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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MANDALAY is a very large detached house of 234m², built sometime between 1983 and 1990, which could now be worth an estimated £413,218. 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	£223,902	13% below HPI
1996 12 JUL	£81,500	£84,572	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.

What might MANDALAY be worth now?

MANDALAY might now be worth an estimated £413,218.

This is based on house price inflation of 111.9%, between December 2003 and February 2025, for detached houses, in the Swale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 111.9% inflationary increase is applied to the most recent sale price for MANDALAY of £195,000 on 3rd December 2003. For the value to have increased from £195,000 to £413,218 over the 22 years and ten months to February 2025, the following assumptions must hold true:

• The value of MANDALAY has moved in line with the HPI for detached houses in the Swale local authority area.
• The December 2003 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of MANDALAY has not materially changed since December 2003.

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 houses in Minster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Minster, and where MANDALAY lies on this distribution: 98% of detached houses 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.