PARK LODGE, THE BROADWAY, MINSTER ON SEA, SHEERNESS, ME12 2DA - £275,000

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

PARK LODGE is a large detached house of 151m², built sometime between 1983 and 1990. It was last sold for £275,000 in December 2023, which was around 42% below the average December 2023 detached price in the Swale local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

PARK LODGE Sold Prices

Land registry data shows three sales for PARK LODGE 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. One of the three PARK LODGE sales was for below the average price, whilst two 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
2023 12 DEC	£275,000	£471,175	42% below HPI
2007 21 AUG	£282,000	£265,593	6% above HPI
2000 29 JUN	£145,000	£126,788	14% above HPI

PARK 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 three PARK LODGE sales between June 2000 and December 2023 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 August 2007 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the December 2023 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is PARK LODGE?

PARK LODGE is 151m² according to the EPC inspection conducted in September 2023. This puts it in the largest 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 PARK LODGE lies on this distribution: 77% of detached houses are smaller than PARK LODGE, and 22% of houses are larger. Note that EPC data is not available for all properties in Minster.

PARK LODGE: Plot and Title Map

PARK LODGE sits on a plot of roughly 0.205 of an acre, or 830m². The below map shows the location of PARK 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 PARK 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 PARK LODGE?

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