3, IVORY CLOSE, FAVERSHAM, ME13 7RS - £356,000

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

3 IVORY CLOSE is a very small extended detached house of 80m², built sometime between 1983 and 1990. It was last sold for £356,000 in June 2023, which was around 26% below the average June 2023 detached price in the Swale local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

3 IVORY CLOSE Sold Prices

Land registry data shows three sales for 3 IVORY CLOSE 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 IVORY CLOSE 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
2023 2 JUN	£356,000	£480,663	26% below HPI
2007 5 JAN	£197,500	£259,757	24% below HPI
1999 12 APR	£93,000	£105,718	12% below HPI

3 IVORY CLOSE 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 IVORY CLOSE sales between April 1999 and June 2023 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 January 2007 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2023 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 3 IVORY CLOSE?

3 IVORY CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in January 2023. 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 IVORY CLOSE lies on this distribution: 9% of detached houses are smaller than 3 IVORY CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Faversham.

3 IVORY CLOSE: Plot and Title Map

3 IVORY CLOSE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 3 IVORY CLOSE, 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 IVORY CLOSE). 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 IVORY CLOSE?

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