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

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

OLEANDERS is a small extended detached house of 88m², built sometime between 1930 and 1949. It was last sold for £320,000 in April 2024, which was around 31% 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	£465,666	31% below HPI
2021 30 SEP	£320,000	£422,457	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 31% below the HPI. The line then continues to track at 31% below the HPI.

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 in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where OLEANDERS lies on this distribution: 26% of detached 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.