8, PRESTON PARK, FAVERSHAM, ME13 8LN - £592,000

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

8 PRESTON PARK is a midsized extended detached house of 114m², built sometime between 1983 and 1990. It was last sold for £592,000 in October 2022, which was around 20% above the average October 2022 detached price in the Swale local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

8 PRESTON PARK Sold Prices

Land registry data shows two sales for 8 PRESTON PARK 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 8 PRESTON PARK sales were 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
2022 3 OCT	£592,000	£493,400	20% above HPI
2014 27 NOV	£380,000	£301,869	26% above HPI

8 PRESTON PARK 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 8 PRESTON PARK sales from November 2014 and October 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 November 2014 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the October 2022 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 8 PRESTON PARK?

8 PRESTON PARK is 114m², which includes one extension, according to the EPC inspection conducted in May 2014. 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 8 PRESTON PARK lies on this distribution: 46% of detached houses are smaller than 8 PRESTON PARK, and 54% of houses are larger. Note that EPC data is not available for all properties in Faversham.

8 PRESTON PARK: Plot and Title Map

8 PRESTON PARK sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 8 PRESTON PARK, 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 8 PRESTON PARK). 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 8 PRESTON PARK?

8 PRESTON PARK is located in FAVERSHAM, in the ME13 postcode district. The below map shows the position of No. 8 on PRESTON PARK.