23, THE LARCHES, FAVERSHAM, ME13 7SQ - £193,000

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

23 THE LARCHES is a very small detached house of 78m², built sometime between 1996 and 2002. It was last sold for £193,000 in May 2007, which was around 26% below the average May 2007 detached price in the Swale local authority area. The most recent EPC inspection was July 2016, where the current energy rating was C, and the potential energy rating was B.

23 THE LARCHES Sold Prices

Land registry data shows three sales for 23 THE LARCHES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Swale local authority area for the corresponding sale date. All of the three 23 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
2007 29 MAY	£193,000	£260,436	26% below HPI
2001 17 AUG	£128,500	£150,668	15% below HPI
1998 25 SEP	£91,000	£103,323	12% below HPI

23 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 three 23 THE LARCHES sales between September 1998 and May 2007 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 2001 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2007 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 23 THE LARCHES?

23 THE LARCHES is 78m² according to the EPC inspection conducted in July 2016. 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 23 THE LARCHES lies on this distribution: 8% of detached houses are smaller than 23 THE LARCHES, and 92% of houses are larger. Note that EPC data is not available for all properties in Faversham.

23 THE LARCHES: Plot and Title Map

23 THE LARCHES sits on a plot of roughly 0.082 of an acre, or 334m². The below map shows the location of 23 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 23 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 23 THE LARCHES?

23 THE LARCHES is located in FAVERSHAM, in the ME13 postcode district. The below map shows the position of No. 23 on THE LARCHES.