20, WELLS WAY, FAVERSHAM, ME13 7QW - £320,000

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

20 WELLS WAY is a midsized extended detached house of 125m², built sometime between 1950 and 1966. It was last sold for £320,000 in February 2024, which was around 32% below the average February 2024 detached price in the Swale local authority area. The most recent EPC inspection was August 2016, where the current energy rating was E, and the potential energy rating was C.

20 WELLS WAY Sold Prices

Land registry data shows two sales for 20 WELLS WAY 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 20 WELLS WAY 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
2024 9 FEB	£320,000	£471,891	32% below HPI
1999 30 APR	£82,500	£105,718	22% below HPI

20 WELLS WAY 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 20 WELLS WAY sales from April 1999 and February 2024 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 1999 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2024 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 20 WELLS WAY?

20 WELLS WAY is 125m², which includes two extensions, according to the EPC inspection conducted in August 2016. This puts it in the largest 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 20 WELLS WAY lies on this distribution: 58% of detached houses are smaller than 20 WELLS WAY, and 42% of houses are larger. Note that EPC data is not available for all properties in Faversham.

20 WELLS WAY: Plot and Title Map

20 WELLS WAY sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 20 WELLS WAY, 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 20 WELLS WAY). 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 20 WELLS WAY?

20 WELLS WAY is located in FAVERSHAM, in the ME13 postcode district. The below map shows the position of No. 20 on WELLS WAY.