8, RUSSETT LANE, FAVERSHAM, ME13 8YH - £425,000

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 RUSSETT LANE is a very small detached house of 85m², built in 2019. It was last sold for £425,000 in June 2023, which was around 12% below the average June 2023 detached price in the Swale local authority area. The most recent EPC inspection was October 2021, where the current energy rating was B, and the potential energy rating was A.

8 RUSSETT LANE Sold Prices

Land registry data shows two sales for 8 RUSSETT 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 8 RUSSETT 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
2023 21 JUN	£425,000	£480,663	12% below HPI
2021 4 NOV	£359,995	£447,917	20% below HPI

8 RUSSETT 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 8 RUSSETT LANE sales from November 2021 and June 2023 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 2021 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the June 2023 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 8 RUSSETT LANE?

8 RUSSETT LANE is 85m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 20% 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 RUSSETT LANE lies on this distribution: 12% of detached houses are smaller than 8 RUSSETT LANE, and 87% of houses are larger. Note that EPC data is not available for all properties in Faversham.

8 RUSSETT LANE: Plot and Title Map

8 RUSSETT LANE sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 8 RUSSETT 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 8 RUSSETT 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 8 RUSSETT LANE?

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