15, THE LARCHES, FAVERSHAM, ME13 7SQ - £350,000

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

15 THE LARCHES is a very small extended detached house of 87m², built sometime between 1983 and 1990. It was last sold for £350,000 in March 2021, which was around 16% below the average March 2021 detached price in the Swale local authority area. The most recent EPC inspection was December 2016, where the current energy rating was D, and the potential energy rating was B.

15 THE LARCHES Sold Prices

Land registry data shows two sales for 15 THE LARCHES 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 15 THE LARCHES 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
2021 3 MAR	£350,000	£414,287	16% below HPI
2003 4 APR	£164,995	£206,760	20% below HPI

15 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 two 15 THE LARCHES sales from April 2003 and March 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 April 2003 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2021 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 15 THE LARCHES?

15 THE LARCHES is 87m², which includes one extension, according to the EPC inspection conducted in December 2016. 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 15 THE LARCHES lies on this distribution: 14% of detached houses are smaller than 15 THE LARCHES, and 86% of houses are larger. Note that EPC data is not available for all properties in Faversham.

15 THE LARCHES: Plot and Title Map

15 THE LARCHES sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 15 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 15 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 15 THE LARCHES?

15 THE LARCHES is located in FAVERSHAM, in the ME13 postcode district. The below map shows the position of No. 15 on THE LARCHES.