55, OSPRINGE STREET, FAVERSHAM, ME13 8TW - £435,000

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

55 OSPRINGE STREET is a midsized detached house of 109m², built sometime between 1967 and 1975. It was last sold for £435,000 in March 2022, which was around 5% below the average March 2022 detached price in the Swale local authority area. The most recent EPC inspection was November 2015, where the current energy rating was E, and the potential energy rating was B.

55 OSPRINGE STREET Sold Prices

Land registry data shows four sales for 55 OSPRINGE STREET since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Swale local authority area for the corresponding sale date. All of the four 55 OSPRINGE STREET 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
2022 31 MAR	£435,000	£457,861	5% below HPI
2017 19 MAY	£300,000	£374,661	20% below HPI
2002 25 OCT	£160,000	£191,698	17% below HPI
2000 19 MAY	£90,000	£122,997	27% below HPI

55 OSPRINGE STREET 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 four 55 OSPRINGE STREET sales between May 2000 and March 2022 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 May 2017 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 55 OSPRINGE STREET?

55 OSPRINGE STREET is 109m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 50% of detached houses in Faversham, based on EPC data. The below chart shows the distribution of detached houses by size in Faversham, and where 55 OSPRINGE STREET lies on this distribution: 43% of detached houses are smaller than 55 OSPRINGE STREET, and 56% of houses are larger. Note that EPC data is not available for all properties in Faversham.

55 OSPRINGE STREET: Plot and Title Map

55 OSPRINGE STREET sits on a plot of roughly 0.059 of an acre, or 240m². The below map shows the location of 55 OSPRINGE STREET, 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 55 OSPRINGE STREET). 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 55 OSPRINGE STREET?

55 OSPRINGE STREET is located in FAVERSHAM, in the ME13 postcode district. The below map shows the position of No. 55 on OSPRINGE STREET.