OAK LODGE, SCRAPSGATE ROAD, MINSTER ON SEA, SHEERNESS, ME12 2DJ - £250,000

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

OAK LODGE is a midsized detached house of 115m², built sometime between 1983 and 1990. It was last sold for £250,000 in November 2013, which was around 6% below the average November 2013 detached price in the Swale local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

OAK LODGE Sold Prices

Land registry data shows four sales for OAK LODGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Swale local authority area for the corresponding sale date. two of the four OAK LODGE sales were for below the average price, and four were for above 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
2013 29 NOV	£250,000	£265,893	6% below HPI
2007 5 OCT	£265,000	£274,567	3% below HPI
2005 3 NOV	£250,000	£244,494	2% above HPI
2000 11 FEB	£130,000	£123,414	5% above HPI

OAK LODGE 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 four OAK LODGE sales between February 2000 and November 2013 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 October 2007 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the November 2013 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is OAK LODGE?

OAK LODGE is 115m² according to the EPC inspection conducted in May 2013. This puts it in the largest 50% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where OAK LODGE lies on this distribution: 54% of detached houses are smaller than OAK LODGE, and 45% of houses are larger. Note that EPC data is not available for all properties in Minster.

OAK LODGE: Plot and Title Map

OAK LODGE sits on a plot of roughly 0.112 of an acre, or 452m². The below map shows the location of OAK LODGE, 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 OAK LODGE). 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 OAK LODGE?

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