12, THE LARCHES, FAVERSHAM, ME13 7SQ - £373,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 THE LARCHES is a midsized extended detached house of 111m², built sometime between 1983 and 1990. It was last sold for £373,000 in December 2017, which was around 5% below the average December 2017 detached price in the Swale local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

12 THE LARCHES Sold Prices

Land registry data shows four sales for 12 THE LARCHES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Swale local authority area for the corresponding sale date. Two of the four 12 THE LARCHES sales were for below the average price, whilst one was for above 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 8 DEC	£373,000	£392,175	5% below HPI
2012 29 JUN	£246,000	£255,140	4% below HPI
2011 23 MAR	£247,500	£247,851	Close to HPI
1997 26 JUN	£108,000	£93,187	16% above HPI

12 THE LARCHES 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 four 12 THE LARCHES sales between June 1997 and December 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 June 2012 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the December 2017 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 12 THE LARCHES?

12 THE LARCHES is 111m², which includes three extensions, according to the EPC inspection conducted in September 2017. This puts it in the smallest 50% of detached houses in Faversham, based on EPC data. The below chart shows the distribution of detached houses by size in Faversham, and where 12 THE LARCHES lies on this distribution: 45% of detached houses are smaller than 12 THE LARCHES, and 55% of houses are larger. Note that EPC data is not available for all properties in Faversham.

12 THE LARCHES: Plot and Title Map

12 THE LARCHES sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 12 THE LARCHES, 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 12 THE LARCHES). 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 12 THE LARCHES?

12 THE LARCHES is located in FAVERSHAM, in the ME13 postcode district. The below map shows the position of No. 12 on THE LARCHES.