157, LOWER ROAD, FAVERSHAM, ME13 7NE - £295,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

157 LOWER ROAD is a very small extended detached house of 84m², built sometime between 2003 and 2006. It was last sold for £295,000 in March 2021, which was around 29% below the average March 2021 detached price in the Swale local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

157 LOWER ROAD Sold Prices

Land registry data shows four sales for 157 LOWER ROAD 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. All of the four 157 LOWER ROAD 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 12 MAR	£295,000	£414,287	29% below HPI
2020 18 DEC	£305,000	£433,014	30% below HPI
2006 3 AUG	£153,000	£253,583	40% below HPI
2003 27 JUN	£127,950	£216,723	41% below HPI

157 LOWER ROAD 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 157 LOWER ROAD sales between June 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 December 2020 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the March 2021 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 157 LOWER ROAD?

157 LOWER ROAD is 84m², which includes one extension, according to the EPC inspection conducted in September 2020. 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 157 LOWER ROAD lies on this distribution: 11% of detached houses are smaller than 157 LOWER ROAD, and 88% of houses are larger. Note that EPC data is not available for all properties in Faversham.

157 LOWER ROAD: Plot and Title Map

157 LOWER ROAD sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 157 LOWER ROAD, 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 157 LOWER ROAD). 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 157 LOWER ROAD?

157 LOWER ROAD is located in FAVERSHAM, in the ME13 postcode district. The below map shows the position of No. 157 on LOWER ROAD.