THREEWAYS, SOUTHSEA AVENUE, MINSTER ON SEA, SHEERNESS, ME12 2NH - £282,500

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

THREEWAYS is a small extended detached house of 99m², built sometime between 1967 and 1975. It was last sold for £282,500 in February 2016, which was around 15% below the average February 2016 detached price in the Swale local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was C.

THREEWAYS Sold Prices

Land registry data shows two sales for THREEWAYS 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 THREEWAYS 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
2016 12 FEB	£282,500	£330,540	15% below HPI
2005 10 MAY	£224,500	£235,988	5% below HPI

THREEWAYS 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 THREEWAYS sales from May 2005 and February 2016 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 May 2005 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the February 2016 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is THREEWAYS?

THREEWAYS is 99m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 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 THREEWAYS lies on this distribution: 36% of detached houses are smaller than THREEWAYS, and 63% of houses are larger. Note that EPC data is not available for all properties in Minster.

THREEWAYS: Plot and Title Map

THREEWAYS sits on a plot of roughly 0.129 of an acre, or 521m². The below map shows the location of THREEWAYS, 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 THREEWAYS). 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 THREEWAYS?

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