8A, DRAKE AVENUE, MINSTER ON SEA, SHEERNESS, ME12 3SA - £315,000

8A DRAKE AVENUE is a very small detached house of 74m², built sometime between 1950 and 1966. It was last sold for £315,000 in December 2021, which was around 30% below the average December 2021 detached price in the Swale local authority area. The most recent EPC inspection was June 2017, where the current energy rating was E, and the potential energy rating was C.

8A DRAKE AVENUE Sold Prices

Land registry data shows three sales for 8A 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 8A 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
2021 13 DEC	£315,000	£452,622	30% below HPI
2017 16 NOV	£250,000	£392,134	36% below HPI
1998 4 DEC	£60,000	£105,489	43% below HPI

8A 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 8A DRAKE AVENUE sales between December 1998 and December 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 2017 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the December 2021 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 8A DRAKE AVENUE?

8A DRAKE AVENUE is 74m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 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 8A DRAKE AVENUE lies on this distribution: 12% of detached houses are smaller than 8A DRAKE AVENUE, and 87% of houses are larger. Note that EPC data is not available for all properties in Minster.

8A DRAKE AVENUE: Plot and Title Map

8A DRAKE AVENUE sits on a plot of roughly 0.103 of an acre, or 419m². The below map shows the location of 8A 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 8A 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 8A DRAKE AVENUE?

8A DRAKE AVENUE is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 8A on DRAKE AVENUE.