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

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 THE LARCHES is a very small detached house of 84m², built sometime between 1991 and 1995, which could now be worth an estimated £417,238. 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	£398,003	12% below HPI
2004 14 JUL	£200,000	£234,622	15% below HPI
2001 21 JUN	£132,000	£146,537	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.

What might 8 THE LARCHES be worth now?

8 THE LARCHES might now be worth an estimated £417,238.

This is based on house price inflation of 19.2%, between August 2019 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 19.2% inflationary increase is applied to the most recent sale price for 8 THE LARCHES of £350,000 on 13th August 2019. For the value to have increased from £350,000 to £417,238 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 8 THE LARCHES has moved in line with the HPI for detached houses in the Swale local authority area.
• The August 2019 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE LARCHES has not materially changed since August 2019.

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 houses in Faversham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Faversham, and where 8 THE LARCHES lies on this distribution: 11% of detached houses 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.