5, ALBION PLACE, FAVERSHAM, ME13 7LW - £265,000

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

5 ALBION PLACE is a very small semi-detached house of 43m², built sometime between 1991 and 1995. It was last sold for £265,000 in September 2020, which was around 35% below the average September 2020 detached price in the Swale local authority area. The most recent EPC inspection was December 2011, where the current energy rating was D, and the potential energy rating was C.

5 ALBION PLACE Sold Prices

Land registry data shows three sales for 5 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 5 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
2020 25 SEP	£265,000	£408,469	35% below HPI
2012 27 MAR	£165,000	£244,914	33% below HPI
2003 14 NOV	£137,000	£219,828	38% below HPI

5 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 5 ALBION PLACE sales between November 2003 and September 2020 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 March 2012 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the September 2020 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 5 ALBION PLACE?

5 ALBION PLACE is 43m² according to the EPC inspection conducted in December 2011. 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 5 ALBION PLACE lies on this distribution: Less than 1% of detached houses are smaller than 5 ALBION PLACE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Faversham.

5 ALBION PLACE: Plot and Title Map

5 ALBION PLACE sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 5 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 5 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 5 ALBION PLACE?

5 ALBION PLACE is located in FAVERSHAM, in the ME13 postcode district. The below map shows the position of No. 5 on ALBION PLACE.