RABAC, WAVERLEY AVENUE, MINSTER ON SEA, SHEERNESS, ME12 2SA - £375,000

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

RABAC is a very small detached house of 77m², built sometime between 1950 and 1966. It was last sold for £375,000 in September 2021, which was around 11% below the average September 2021 detached price in the Swale local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

RABAC Sold Prices

Land registry data shows four sales for RABAC 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. All of the four RABAC 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
2021 30 SEP	£375,000	£422,457	11% below HPI
2005 12 OCT	£189,995	£245,896	23% below HPI
2002 23 MAY	£158,000	£169,265	7% below HPI
2001 25 OCT	£115,000	£157,678	27% below HPI

RABAC 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 RABAC sales between October 2001 and September 2021 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 2005 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is RABAC?

RABAC is 77m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where RABAC lies on this distribution: 15% of detached houses are smaller than RABAC, and 85% of houses are larger. Note that EPC data is not available for all properties in Minster.

RABAC: Plot and Title Map

RABAC sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of RABAC, 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 RABAC). 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 RABAC?

RABAC is located on WAVERLEY AVENUE in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of RABAC on WAVERLEY AVENUE.