MILLWOOD, MINSTER DRIVE, MINSTER ON SEA, SHEERNESS, ME12 2NG - £280,000

MILLWOOD is a small detached house of 84m², built sometime between 1976 and 1982. It was last sold for £280,000 in April 2017, which was around 26% below the average April 2017 detached price in the Swale local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was B.

MILLWOOD Sold Prices

Land registry data shows three sales for MILLWOOD 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 MILLWOOD 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
2017 21 APR	£280,000	£377,365	26% below HPI
2008 26 NOV	£225,000	£244,971	8% below HPI
1999 22 NOV	£109,000	£119,866	9% below HPI

MILLWOOD 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 MILLWOOD sales between November 1999 and April 2017 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 2008 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the April 2017 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is MILLWOOD?

MILLWOOD is 84m² according to the EPC inspection conducted in September 2012. This puts it in the smallest 30% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where MILLWOOD lies on this distribution: 22% of detached houses are smaller than MILLWOOD, and 77% of houses are larger. Note that EPC data is not available for all properties in Minster.

MILLWOOD: Plot and Title Map

MILLWOOD sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of MILLWOOD, 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 MILLWOOD). 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 MILLWOOD?

MILLWOOD is located on MINSTER DRIVE in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of MILLWOOD on MINSTER DRIVE.