MARIGOLD, SAXON AVENUE, MINSTER ON SEA, SHEERNESS, ME12 2RP - £350,000

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

MARIGOLD is a very small detached house of 54m², built sometime between 1950 and 1966. It was last sold for £350,000 in November 2020, which was around 18% below the average November 2020 detached price in the Swale local authority area. The most recent EPC inspection was December 2012, where the current energy rating was D, and the potential energy rating was B.

MARIGOLD Sold Prices

Land registry data shows three sales for MARIGOLD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Swale local authority area for the corresponding sale date. All of the three MARIGOLD 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
2020 27 NOV	£350,000	£425,471	18% below HPI
2013 29 JUL	£222,500	£254,788	13% below HPI
1996 6 FEB	£63,000	£84,038	25% below HPI

MARIGOLD 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 three MARIGOLD sales between February 1996 and November 2020 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 2013 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is MARIGOLD?

MARIGOLD is 54m² according to the EPC inspection conducted in December 2012. This puts it in the smallest 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 MARIGOLD lies on this distribution: 1% of detached houses are smaller than MARIGOLD, and 99% of houses are larger. Note that EPC data is not available for all properties in Minster.

MARIGOLD: Plot and Title Map

MARIGOLD sits on a plot of roughly 0.165 of an acre, or 667m². The below map shows the location of MARIGOLD, 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 MARIGOLD). 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 MARIGOLD?

MARIGOLD is located on SAXON AVENUE in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of MARIGOLD on SAXON AVENUE.