OLEANDERS, THE GLEN, MINSTER ON SEA, SHEERNESS, ME12 2SD - £320,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

OLEANDERS is a small extended detached house of 88m², built sometime between 1930 and 1949, which could now be worth an estimated £340,023. It was last sold for £320,000 in April 2024, which was around 29% below the average April 2024 detached price in the Swale local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was C.

OLEANDERS Sold Prices

Land registry data shows two sales for OLEANDERS 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 OLEANDERS 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
2024 24 APR	£320,000	£450,653	29% below HPI
2021 30 SEP	£320,000	£420,885	24% below HPI

OLEANDERS 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 OLEANDERS sales from September 2021 and April 2024 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 September 2021 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the April 2024 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might OLEANDERS be worth now?

OLEANDERS might now be worth an estimated £340,023.

This is based on house price inflation of 6.3%, between April 2024 and December 2024, 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 6.3% inflationary increase is applied to the most recent sale price for OLEANDERS of £320,000 on 24th April 2024. For the value to have increased from £320,000 to £340,023 over the four months to December 2024, the following assumptions must hold true:

• The value of OLEANDERS has moved in line with the HPI for detached houses in the Swale local authority area.
• The April 2024 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of OLEANDERS has not materially changed since April 2024.

How Large is OLEANDERS?

OLEANDERS is 88m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the smallest 30% 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 OLEANDERS lies on this distribution: 26% of detached houses houses are smaller than OLEANDERS, and 74% of houses are larger. Note that EPC data is not available for all properties in Minster.

OLEANDERS: Plot and Title Map

OLEANDERS sits on a plot of roughly 0.116 of an acre, or 470m². The below map shows the location of OLEANDERS, 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 OLEANDERS). 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 OLEANDERS?

OLEANDERS is located on THE GLEN in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of OLEANDERS on THE GLEN.