House prices in ME12 3 (Minster On Sea)

This article reveals price per square metre data and various charts to help you understand current housing market in 'ME12 3' (Minster On Sea) - statistics were last calculated on 30 August 2024.

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Defining 'ME12 3'

This analysis is limited to properties whose postcode starts with "ME12 3", 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 On Sea.

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

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

Price per square metre

Knowing the average house price in Minster On Sea 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. 179, Queenborough Road, Minster On Sea, sold for £380,000 on Jul-2024. Given the internal area of 100 square metres, the price per sqm is £3,800.

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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 235 sales in Minster On Sea (ME12 3) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

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 On Sea (ME12 3). Of the 235 transactions, half were sold for between £3,030 and £4,080 per square metre. The median, or 'middle', price per square metre in 'ME12 3' is £3,570. Notably, only 25% of properties that sold recently were valued at more than £4,080 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 On Sea

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 On Sea. 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 On Sea

Comparison with neighbouring postcode sectors

The table below shows how 'ME12 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
ME12 1 Sheerness	£2,410 sqm	£2,710 sqm	£3,060 sqm
ME12 2 Minster On Sea	£2,420 sqm	£3,170 sqm	£3,970 sqm
ME12 4 Warden	£2,880 sqm	£3,340 sqm	£3,950 sqm
ME12 3 Minster On Sea	£3,030 sqm	£3,570 sqm	£4,080 sqm

Will Minster On Sea 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 ME12 3 (Minster On Sea) compared with both the wider area ME12 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

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.

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 On Sea 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 On Sea 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
Cliff Gardens, Minster On Sea, ME12 3Q	84 sqm	£4,153	26
Rosemary Avenue, Minster On Sea, ME12 3H	71 sqm	£4,248	20
Minster Road, Minster On Sea, ME12 3J	107 sqm	£2,843	18
Nelson Avenue, Minster On Sea, ME12 3S	93 sqm	£3,548	17
Halfway Road, Minster On Sea, ME12 3A	101 sqm	£2,828	16
Petunia Avenue, Minster On Sea, ME12 3T	93 sqm	£3,147	15
Penny Cress Road, Minster On Sea, ME12 3A	105 sqm	£3,357	15
Buttercup Avenue, Minster On Sea, ME12 3F	77 sqm	£3,548	14

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Commodores Close, Minster On Sea, ME12 3U	108 sqm	£2,873	9

Commodores Close, Minster On Sea, ME12 3U has seen 9 new build sales in the last 4 years (average price £320,937). These new build homes typically have an internal area of 108 sqm, with an average price of £2,873 sqm. This £sqm average is £-697 below the average for ME12 3. New builds typically command a £ per sqm premium. In the case of Commodores Close the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Minster On Sea 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
179, Queenborough Rd, Minster On Sea	£380,000 Jul-2024	100	3,800
120, Minster Rd, Minster On Sea	£435,000 Jun-2024	200	2,175
Romali, Nelson Avenue, Minster On Sea	£290,000 Jun-2024	84	3,452

See the entire list of all sales in Minster On Sea (ME12 3) here.