50, WATER LANE, OSPRINGE, FAVERSHAM, ME13 8TX - £232,000

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

50 WATER LANE is a very small extended detached house of 75m², built sometime between 1950 and 1966. It was last sold for £232,000 in April 2014, which was around 16% below the average April 2014 detached price in the Swale local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

50 WATER LANE Sold Prices

Land registry data shows two sales for 50 WATER LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Swale local authority area for the corresponding sale date. Both of the two 50 WATER LANE 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
2014 25 APR	£232,000	£275,698	16% below HPI
1996 16 OCT	£63,500	£85,793	26% below HPI

50 WATER LANE 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 two 50 WATER LANE sales from October 1996 and April 2014 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 October 1996 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the April 2014 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 50 WATER LANE?

50 WATER LANE is 75m², which includes one extension, according to the EPC inspection conducted in November 2013. 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 50 WATER LANE lies on this distribution: 6% of detached houses are smaller than 50 WATER LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Faversham.

50 WATER LANE: Plot and Title Map

50 WATER LANE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 50 WATER LANE, 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 50 WATER LANE). 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 50 WATER LANE?

50 WATER LANE is located in OSPRINGE, in the ME13 postcode district. The below map shows the position of No. 50 on WATER LANE.