41, DRAKE AVENUE, MINSTER ON SEA, SHEERNESS, ME12 3SA - £220,000

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.

41 DRAKE AVENUE is a very large detached house of 166m², built sometime between 1967 and 1975, which could now be worth an estimated £438,185. It was last sold for £220,000 in August 2009, which was around 7% below the average August 2009 detached price in the Swale local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was D.

41 DRAKE AVENUE Sold Prices

Land registry data shows three sales for 41 DRAKE AVENUE 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 41 DRAKE AVENUE 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
2009 7 AUG	£220,000	£236,031	7% below HPI
2006 21 JUL	£232,000	£252,414	8% below HPI
1997 10 DEC	£87,000	£97,334	11% below HPI

41 DRAKE AVENUE 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 41 DRAKE AVENUE sales between December 1997 and August 2009 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 July 2006 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2009 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 41 DRAKE AVENUE be worth now?

41 DRAKE AVENUE might now be worth an estimated £438,185.

This is based on house price inflation of 99.2%, between August 2009 and July 2025, 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 99.2% inflationary increase is applied to the most recent sale price for 41 DRAKE AVENUE of £220,000 on 7th August 2009. For the value to have increased from £220,000 to £438,185 over the sixteen years and one month to July 2025, the following assumptions must hold true:

• The value of 41 DRAKE AVENUE has moved in line with the HPI for detached houses in the Swale local authority area.
• The August 2009 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 41 DRAKE AVENUE has not materially changed since August 2009.

How Large is 41 DRAKE AVENUE?

41 DRAKE AVENUE is 166m² according to the EPC inspection conducted in October 2008. This puts it in the largest 20% 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 41 DRAKE AVENUE lies on this distribution: 86% of detached houses houses are smaller than 41 DRAKE AVENUE, and 14% of houses are larger. Note that EPC data is not available for all properties in Minster.

41 DRAKE AVENUE: Plot and Title Map

41 DRAKE AVENUE sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of 41 DRAKE AVENUE, 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 41 DRAKE AVENUE). 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 41 DRAKE AVENUE?

41 DRAKE AVENUE is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 41 on DRAKE AVENUE.