2, OLD GATE ROAD, FAVERSHAM, ME13 7SR - £290,000

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

2 OLD GATE ROAD is a very small extended detached house of 63m², built sometime between 1950 and 1966. It was last sold for £290,000 in September 2020, which was around 29% below the average September 2020 detached price in the Swale local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

2 OLD GATE ROAD Sold Prices

Land registry data shows two sales for 2 OLD GATE ROAD 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 OLD GATE 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
2020 22 SEP	£290,000	£408,469	29% below HPI
2008 1 FEB	£205,000	£274,718	25% below HPI

2 OLD GATE 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 two 2 OLD GATE ROAD sales from February 2008 and September 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 February 2008 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2020 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 2 OLD GATE ROAD?

2 OLD GATE ROAD is 63m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 10% of detached houses in Faversham, based on EPC data. The below chart shows the distribution of detached houses by size in Faversham, and where 2 OLD GATE ROAD lies on this distribution: 2% of detached houses are smaller than 2 OLD GATE ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Faversham.

2 OLD GATE ROAD: Plot and Title Map

2 OLD GATE ROAD sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 2 OLD GATE 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 2 OLD GATE 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 2 OLD GATE ROAD?

2 OLD GATE ROAD is located in FAVERSHAM, in the ME13 postcode district. The below map shows the position of No. 2 on OLD GATE ROAD.