SPINDRIFT, OAK AVENUE, MINSTER ON SEA, SHEERNESS, ME12 3QT - £440,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

SPINDRIFT is a midsized extended detached house of 111m², built sometime between 1967 and 1975. It was last sold for £440,000 in September 2022, which was around 9% below the average September 2022 detached price in the Swale local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

SPINDRIFT Sold Prices

Land registry data shows four sales for SPINDRIFT 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 SPINDRIFT 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
2022 2 SEP	£440,000	£483,051	9% below HPI
2018 18 OCT	£357,500	£407,686	12% below HPI
2011 12 SEP	£220,000	£241,348	9% below HPI
2007 20 JUL	£187,000	£267,695	30% below HPI

SPINDRIFT 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 SPINDRIFT sales between July 2007 and September 2022 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 2018 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the September 2022 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might SPINDRIFT be worth now?

SPINDRIFT might now be worth an estimated £436,174.

This is based on house price deflation of 0.9%, between September 2022 and December 2024, 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 0.9% deflationary decrease is applied to the most recent sale price for SPINDRIFT of £440,000 on 2nd September 2022. For the value to have decreased from £440,000 to £436,174 over the one year and nine months to December 2024, the following assumptions must hold true:

• The value of SPINDRIFT has moved in line with the HPI for detached houses in the Swale local authority area.
• The September 2022 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of SPINDRIFT has not materially changed since September 2022.

How Large is SPINDRIFT?

SPINDRIFT is 111m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 50% 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 SPINDRIFT lies on this distribution: 48% of detached houses houses are smaller than SPINDRIFT, and 51% of houses are larger. Note that EPC data is not available for all properties in Minster.

SPINDRIFT: Plot and Title Map

SPINDRIFT sits on a plot of roughly 0.107 of an acre, or 435m². The below map shows the location of SPINDRIFT, 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 SPINDRIFT). 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 SPINDRIFT?

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