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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

RABAC is a very small detached house of 77m², built sometime between 1950 and 1966, which could now be worth an estimated £422,737. 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	£420,885	11% below HPI
2005 12 OCT	£189,995	£244,981	22% below HPI
2002 23 MAY	£158,000	£168,635	6% below HPI
2001 25 OCT	£115,000	£157,092	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 22% below the HPI. So the extrapolation line tracks at 22% 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.

What might RABAC be worth now?

RABAC might now be worth an estimated £422,737.

This is based on house price inflation of 12.7%, between September 2021 and February 2025, 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 12.7% inflationary increase is applied to the most recent sale price for RABAC of £375,000 on 30th September 2021. For the value to have increased from £375,000 to £422,737 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of RABAC has moved in line with the HPI for detached houses in the Swale local authority area.
• The September 2021 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of RABAC has not materially changed since September 2021.

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 houses in Minster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Minster, and where RABAC lies on this distribution: 15% of detached houses 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.