# House prices in CT12 4 (Minster)

This article reveals price per square metre data and various charts to help you understand current housing market in Minster (CT12 4).

## Defining 'CT12 4'

This analysis is limited to properties whose postcode starts with "CT12 4", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Minster.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Minster is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 87, Monkton Road, Minster, sold for £340,000 on Mar-2024. Given the internal area of 111 square metres, the price per sqm is £3,063.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 83 sales in Minster (CT12 4) that took place in the last two years.

##### Distribution of £ per sqm for Minster
Distribution of £ per sqm house prices in Minster

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Minster (CT12 4). Of the 83 transactions, half were sold for between £3,360 and £4,400 per square metre. The median, or 'middle', price per square metre in 'CT12 4' is £3,750. Notably, only 25% of properties that sold recently were valued at more than £4,400 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Minster

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Minster. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Minster

## Comparison with neighbouring postcode sectors

The table below shows how 'CT12 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CT12 4 Minster £3,360 sqm £3,750 sqm £4,400 sqm
CT12 5 Cliffsend £3,180 sqm £3,600 sqm £4,480 sqm
CT12 6 Ramsgate £2,770 sqm £3,400 sqm £4,250 sqm

## Will Minster house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for CT12 4 (Minster) compared with both the wider area CT12 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Minster,Minster
House price trends for Minster

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CT12 4 sales
Recent trends for Minster

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Minster to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Minster and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

## Street level data

Street Avg size Avg £sqm Recent sales
Monkton Road, Minster, CT12 4E 100 sqm £3,776 21
Monkton Street, Minster, CT12 4J 117 sqm £3,426 19
Cheney Road, Minster, CT12 4B 104 sqm £2,998 16
Greenhill Gardens, Minster, CT12 4E 78 sqm £4,235 13
Prospect Road, Minster, CT12 4E 89 sqm £3,344 11
Augustine Road, Minster, CT12 4D 86 sqm £3,625 11
Tothill Street, Minster, CT12 4A 98 sqm £3,685 7
High Street, Minster, CT12 4B 98 sqm £3,645 6

Search for your street here.

## Raw data

Our analysis of Minster is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address Paid sqm £/sqm
87, Monkton Rd, Minster £340,000
Mar-2024
111 3,063
19, Semple Close, Minster £260,000
Jan-2024
72 3,611
131, Monkton Rd, Minster £350,000
Jan-2024
68 5,147

#### About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.