RED LODGE, PRINCES AVENUE, MINSTER ON SEA, SHEERNESS, ME12 2HJ - £161,000

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

RED LODGE is a large extended detached house of 125m², built sometime between 1900 and 1929. It was last sold for £161,000 in September 2013, which was around 38% below the average September 2013 detached price in the Swale local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

RED LODGE Sold Prices

Land registry data shows two sales for RED LODGE 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 RED LODGE 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
2013 30 SEP	£161,000	£259,488	38% below HPI
2006 21 DEC	£170,500	£255,151	33% below HPI

RED 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 two RED LODGE sales from December 2006 and September 2013 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 December 2006 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the September 2013 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is RED LODGE?

RED LODGE is 125m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the largest 40% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where RED LODGE lies on this distribution: 62% of detached houses are smaller than RED LODGE, and 38% of houses are larger. Note that EPC data is not available for all properties in Minster.

RED LODGE: Plot and Title Map

RED LODGE sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of RED 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 RED 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 RED LODGE?

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