MARLEY, OAK LANE, MINSTER ON SEA, SHEERNESS, ME12 3QW - £280,000

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

MARLEY is a small detached house of 91m², built sometime between 1930 and 1949. It was last sold for £280,000 in January 2019, which was around 31% below the average January 2019 detached price in the Swale local authority area. The most recent EPC inspection was May 2009, where the current energy rating was E, and the potential energy rating was D.

MARLEY Sold Prices

Land registry data shows five sales for MARLEY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Swale local authority area for the corresponding sale date. The five MARLEY sales were a mix of below the average price, and roughly equal to 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
2019 25 JAN	£280,000	£403,811	31% below HPI
2016 12 FEB	£225,000	£330,540	32% below HPI
2011 30 SEP	£240,000	£242,249	1% below HPI
2011 11 MAY	£250,000	£251,178	Close to HPI
2009 28 AUG	£170,000	£236,912	28% below HPI

MARLEY 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 five MARLEY sales between August 2009 and January 2019 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 February 2016 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the January 2019 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is MARLEY?

MARLEY is 91m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 30% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where MARLEY lies on this distribution: 29% of detached houses are smaller than MARLEY, and 71% of houses are larger. Note that EPC data is not available for all properties in Minster.

MARLEY: Plot and Title Map

MARLEY sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of MARLEY, 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 MARLEY). 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 MARLEY?

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