EAST LODGE, THE OLD SCHOOL, FAVERSHAM, ME13 8SR - £310,000

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

EAST LODGE is a very small detached house of 78m², built sometime between 1996 and 2002. It was last sold for £310,000 in May 2015, which was around 3% above the average May 2015 detached price in the Swale local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was C.

EAST LODGE Sold Prices

Land registry data shows four sales for EAST LODGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Swale local authority area for the corresponding sale date. Most of the four EAST LODGE 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
2015 20 MAY	£310,000	£301,357	3% above HPI
2013 27 MAR	£242,000	£253,507	5% below HPI
2003 7 FEB	£159,995	£201,953	21% below HPI
2002 2 MAY	£135,000	£169,265	20% below HPI

EAST LODGE 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 four EAST LODGE sales between May 2002 and May 2015 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 March 2013 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2015 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is EAST LODGE?

EAST LODGE is 78m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 10% of detached houses in Faversham, based on EPC data. The below chart shows the distribution of detached houses by size in Faversham, and where EAST LODGE lies on this distribution: 8% of detached houses are smaller than EAST LODGE, and 92% of houses are larger. Note that EPC data is not available for all properties in Faversham.

EAST LODGE: Plot and Title Map

EAST LODGE sits on a plot of roughly 0.027 of an acre, or 110m². The below map shows the location of EAST LODGE, 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 EAST LODGE). 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 EAST LODGE?

EAST LODGE is located on THE OLD SCHOOL in FAVERSHAM, in the ME13 postcode district. The below map shows the position of EAST LODGE on THE OLD SCHOOL.