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

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.

5 ALBION PLACE is a very small semi-detached house of 43m², built sometime between 1991 and 1995, which could now be worth an estimated £313,225. It was last sold for £265,000 in September 2020, which was around 1% below the average September 2020 semi-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 semi-detached price in the Swale local authority area for the corresponding sale date. Two of the three 5 ALBION PLACE sales were for below the average price, whilst one was for above 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	£268,255	1% below HPI
2012 27 MAR	£165,000	£162,941	1% above HPI
2003 14 NOV	£137,000	£142,622	4% below HPI

5 ALBION PLACE Price Paid vs. HPI Average

The below graph shows the average semi-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 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2020 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 5 ALBION PLACE be worth now?

5 ALBION PLACE might now be worth an estimated £313,225.

This is based on house price inflation of 18.2%, between September 2020 and February 2025, for semi-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 18.2% inflationary increase is applied to the most recent sale price for 5 ALBION PLACE of £265,000 on 25th September 2020. For the value to have increased from £265,000 to £313,225 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 ALBION PLACE has moved in line with the HPI for semi-detached houses in the Swale local authority area.
• The September 2020 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 5 ALBION PLACE has not materially changed since September 2020.

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 semi-detached houses houses in Faversham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Faversham, and where 5 ALBION PLACE lies on this distribution: Less than 1% of semi-detached houses 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.