OMEGA, ELM LANE, MINSTER ON SEA, SHEERNESS, ME12 3SQ - £435,000

OMEGA is a large extended detached house of 128m², built sometime between 1930 and 1949. It was last sold for £435,000 in June 2021, which was around 3% above the average June 2021 detached price in the Swale local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

OMEGA Sold Prices

Land registry data shows three sales for OMEGA 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. Two of the three OMEGA sales were for above the average price, whilst one was 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 28 JUN	£435,000	£420,909	3% above HPI
2018 10 OCT	£353,000	£409,209	14% below HPI
2005 29 JUL	£250,000	£241,361	4% above HPI

OMEGA 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 OMEGA sales between July 2005 and June 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 October 2018 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2021 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is OMEGA?

OMEGA is 128m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the largest 40% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where OMEGA lies on this distribution: 63% of detached houses are smaller than OMEGA, and 36% of houses are larger. Note that EPC data is not available for all properties in Minster.

OMEGA: Plot and Title Map

OMEGA sits on a plot of roughly 0.151 of an acre, or 609m². The below map shows the location of OMEGA, 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 OMEGA). 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 OMEGA?

OMEGA is located on ELM LANE in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of OMEGA on ELM LANE.