8, THE LARCHES, FAVERSHAM, ME13 7SQ - £350,000

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 THE LARCHES is a very small detached house of 84m², built sometime between 1991 and 1995. It was last sold for £350,000 in August 2019, which was around 12% below the average August 2019 detached price in the Swale local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was C.

8 THE LARCHES Sold Prices

Land registry data shows three sales for 8 THE LARCHES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Swale local authority area for the corresponding sale date. All of the three 8 THE LARCHES 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
2019 13 AUG	£350,000	£399,490	12% below HPI
2004 14 JUL	£200,000	£235,498	15% below HPI
2001 21 JUN	£132,000	£147,084	10% below HPI

8 THE LARCHES 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 three 8 THE LARCHES sales between June 2001 and August 2019 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 July 2004 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the August 2019 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 8 THE LARCHES?

8 THE LARCHES is 84m² according to the EPC inspection conducted in January 2019. 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 THE LARCHES lies on this distribution: 11% of detached houses are smaller than 8 THE LARCHES, and 88% of houses are larger. Note that EPC data is not available for all properties in Faversham.

8 THE LARCHES: Plot and Title Map

8 THE LARCHES sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 8 THE LARCHES, 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 THE LARCHES). 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 THE LARCHES?

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