3, ALBION PLACE, FAVERSHAM, ME13 7LW - £332,000

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.

3 ALBION PLACE is a very small detached house of 57m², built sometime between 1996 and 2002, which could now be worth an estimated £454,087. It was last sold for £332,000 in May 2016, which was around 4% below the average May 2016 detached price in the Swale local authority area. The most recent EPC inspection was February 2009, where the current energy rating was C, and the potential energy rating was C.

3 ALBION PLACE Sold Prices

Land registry data shows three sales for 3 ALBION PLACE 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 3 ALBION PLACE 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
2016 6 MAY	£332,000	£346,898	4% below HPI
2009 10 AUG	£185,000	£236,031	22% below HPI
1995 24 NOV	£63,000	£78,977	20% below HPI

3 ALBION PLACE 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 3 ALBION PLACE sales between November 1995 and May 2016 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 2009 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2016 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 3 ALBION PLACE be worth now?

3 ALBION PLACE might now be worth an estimated £454,087.

This is based on house price inflation of 36.8%, between May 2016 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 36.8% inflationary increase is applied to the most recent sale price for 3 ALBION PLACE of £332,000 on 6th May 2016. For the value to have increased from £332,000 to £454,087 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of 3 ALBION PLACE has moved in line with the HPI for detached houses in the Swale local authority area.
• The May 2016 sale price of £332,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ALBION PLACE has not materially changed since May 2016.

How Large is 3 ALBION PLACE?

3 ALBION PLACE is 57m² according to the EPC inspection conducted in February 2009. This puts it in the smallest 10% 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 3 ALBION PLACE lies on this distribution: 2% of detached houses houses are smaller than 3 ALBION PLACE, and 98% of houses are larger. Note that EPC data is not available for all properties in Faversham.

3 ALBION PLACE: Plot and Title Map

3 ALBION PLACE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 3 ALBION PLACE, 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 3 ALBION PLACE). 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 3 ALBION PLACE?

3 ALBION PLACE is located in FAVERSHAM, in the ME13 postcode district. The below map shows the position of No. 3 on ALBION PLACE.