3, LABWORTH CLOSE, MINSTER ON SEA, SHEERNESS, ME12 3HP - £290,000

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.

3 LABWORTH CLOSE is a very small extended semi-detached house of 63m², built sometime between 1967 and 1975, which could now be worth an estimated £318,517. It was last sold for £290,000 in October 2021, which was about the average October 2021 semi-detached price in the Swale local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

3 LABWORTH CLOSE Sold Prices

Land registry data shows three sales for 3 LABWORTH CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Swale local authority area for the corresponding sale date. The three 3 LABWORTH CLOSE sales were a mix of roughly equal to the average price, and 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 29 OCT	£290,000	£288,684	Close to HPI
2014 21 NOV	£185,000	£199,627	7% below HPI
2009 22 DEC	£150,000	£163,659	8% below HPI

3 LABWORTH CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Swale local authority area over time, sourced from the HPI. The three 3 LABWORTH CLOSE sales between December 2009 and October 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 November 2014 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the October 2021 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 3 LABWORTH CLOSE be worth now?

3 LABWORTH CLOSE might now be worth an estimated £318,517.

This is based on house price inflation of 9.8%, between October 2021 and February 2025, for semi-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 9.8% inflationary increase is applied to the most recent sale price for 3 LABWORTH CLOSE of £290,000 on 29th October 2021. For the value to have increased from £290,000 to £318,517 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 LABWORTH CLOSE has moved in line with the HPI for semi-detached houses in the Swale local authority area.
• The October 2021 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LABWORTH CLOSE has not materially changed since October 2021.

How Large is 3 LABWORTH CLOSE?

3 LABWORTH CLOSE is 63m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the smallest 10% of semi-detached houses houses in Halfway Houses, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Halfway Houses, and where 3 LABWORTH CLOSE lies on this distribution: 5% of semi-detached houses houses are smaller than 3 LABWORTH CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Halfway Houses.

3 LABWORTH CLOSE: Plot and Title Map

3 LABWORTH CLOSE sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 3 LABWORTH CLOSE, 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 3 LABWORTH CLOSE). 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 3 LABWORTH CLOSE?

3 LABWORTH CLOSE is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 3 on LABWORTH CLOSE.