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

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.

8 RUSSETT LANE is a very small detached house of 85m², built in 2019, which could now be worth an estimated £421,084. It was last sold for £425,000 in June 2023, which was around 11% 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	£478,875	11% below HPI
2021 4 NOV	£359,995	£446,250	19% 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 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2023 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 8 RUSSETT LANE be worth now?

8 RUSSETT LANE might now be worth an estimated £421,084.

This is based on house price deflation of 0.9%, between June 2023 and February 2025, for 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 0.9% deflationary decrease is applied to the most recent sale price for 8 RUSSETT LANE of £425,000 on 21st June 2023. For the value to have decreased from £425,000 to £421,084 over the two years and four months to February 2025, the following assumptions must hold true:

• The value of 8 RUSSETT LANE has moved in line with the HPI for detached houses in the Swale local authority area.
• The June 2023 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 8 RUSSETT LANE has not materially changed since June 2023.

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 houses in Faversham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Faversham, and where 8 RUSSETT LANE lies on this distribution: 12% of detached houses 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.