2, CHAMBERS WHARF LANE, FAVERSHAM, ME13 7BW - £600,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 CHAMBERS WHARF LANE is a large detached house of 133m², built sometime between 2003 and 2006, which could now be worth an estimated £659,888. It was last sold for £600,000 in December 2020, which was around 39% above the average December 2020 detached price in the Swale local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

2 CHAMBERS WHARF LANE Sold Prices

Land registry data shows two sales for 2 CHAMBERS WHARF LANE 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 2 CHAMBERS WHARF LANE sales were 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
2020 18 DEC	£600,000	£431,403	39% above HPI
2006 18 AUG	£315,000	£252,640	25% above HPI

2 CHAMBERS WHARF LANE 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 2 CHAMBERS WHARF LANE sales from August 2006 and December 2020 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 August 2006 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the December 2020 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 2 CHAMBERS WHARF LANE be worth now?

2 CHAMBERS WHARF LANE might now be worth an estimated £659,888.

This is based on house price inflation of 10%, between December 2020 and February 2025, for detached houses, in the Swale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10% inflationary increase is applied to the most recent sale price for 2 CHAMBERS WHARF LANE of £600,000 on 18th December 2020. For the value to have increased from £600,000 to £659,888 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 CHAMBERS WHARF LANE has moved in line with the HPI for detached houses in the Swale local authority area.
• The December 2020 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHAMBERS WHARF LANE has not materially changed since December 2020.

How Large is 2 CHAMBERS WHARF LANE?

2 CHAMBERS WHARF LANE is 133m² according to the EPC inspection conducted in July 2020. This puts it in the largest 40% of detached houses houses in Faversham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Faversham, and where 2 CHAMBERS WHARF LANE lies on this distribution: 66% of detached houses houses are smaller than 2 CHAMBERS WHARF LANE, and 33% of houses are larger. Note that EPC data is not available for all properties in Faversham.

2 CHAMBERS WHARF LANE: Plot and Title Map

2 CHAMBERS WHARF LANE sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 2 CHAMBERS WHARF LANE, 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 2 CHAMBERS WHARF LANE). 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 2 CHAMBERS WHARF LANE?

2 CHAMBERS WHARF LANE is located in FAVERSHAM, in the ME13 postcode district. The below map shows the position of No. 2 on CHAMBERS WHARF LANE.