1, WELLS WAY, FAVERSHAM, ME13 7QW - £120,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

1 WELLS WAY is a very small semi-detached house of 84m², built sometime between 1950 and 1966. It was last sold for £120,000 in June 2002, which was around 31% below the average June 2002 detached price in the Swale local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was C.

1 WELLS WAY Sold Prices

Land registry data shows two sales for 1 WELLS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Swale local authority area for the corresponding sale date. Both of the two 1 WELLS WAY 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
2002 17 JUN	£120,000	£174,613	31% below HPI
1995 29 SEP	£53,000	£83,713	37% below HPI

1 WELLS WAY 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 two 1 WELLS WAY sales from September 1995 and June 2002 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 September 1995 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the June 2002 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 1 WELLS WAY?

1 WELLS WAY is 84m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 20% of detached houses in Faversham, based on EPC data. The below chart shows the distribution of detached houses by size in Faversham, and where 1 WELLS WAY lies on this distribution: 12% of detached houses are smaller than 1 WELLS WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Faversham.

1 WELLS WAY: Plot and Title Map

1 WELLS WAY sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 1 WELLS WAY, 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 1 WELLS WAY). 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 1 WELLS WAY?

1 WELLS WAY is located in FAVERSHAM, in the ME13 postcode district. The below map shows the position of No. 1 on WELLS WAY.