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

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

3 ALBION PLACE is a very small detached house of 57m², built sometime between 1996 and 2002. It was last sold for £332,000 in May 2016, which was around 5% 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	£348,194	5% below HPI
2009 10 AUG	£185,000	£236,912	22% below HPI
1995 24 NOV	£63,000	£79,272	21% 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 5% below the HPI. The line then continues to track at 5% below the HPI.

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 in Faversham, based on EPC data. The below chart shows the distribution of detached houses by size in Faversham, and where 3 ALBION PLACE lies on this distribution: 1% of detached houses are smaller than 3 ALBION PLACE, and 99% 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.