3, THE LEAS, MINSTER ON SEA, SHEERNESS, ME12 2NL - £435,000

3 THE LEAS is a very large detached house of 155m², built sometime between 1991 and 1995. It was last sold for £435,000 in August 2019, which was around 9% above the average August 2019 detached price in the Swale local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

3 THE LEAS Sold Prices

Land registry data shows three sales for 3 THE LEAS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Swale local authority area for the corresponding sale date. All of the three 3 THE LEAS sales were for above 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
2019 5 AUG	£435,000	£399,490	9% above HPI
1999 6 APR	£144,000	£105,718	36% above HPI
1995 21 APR	£100,000	£81,542	23% above HPI

3 THE LEAS 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 three 3 THE LEAS sales between April 1995 and August 2019 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 April 1999 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the August 2019 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 3 THE LEAS?

3 THE LEAS is 155m² according to the EPC inspection conducted in June 2018. This puts it in the largest 20% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where 3 THE LEAS lies on this distribution: 80% of detached houses are smaller than 3 THE LEAS, and 20% of houses are larger. Note that EPC data is not available for all properties in Minster.

3 THE LEAS: Plot and Title Map

3 THE LEAS sits on a plot of roughly 0.115 of an acre, or 465m². The below map shows the location of 3 THE LEAS, 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 THE LEAS). 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 THE LEAS?

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