GROSVENOR COTTAGE, CHAPEL STREET, FAVERSHAM, ME13 8EP - £290,000

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

GROSVENOR COTTAGE is a very small extended detached house of 73m², built sometime between 1900 and 1929. It was last sold for £290,000 in February 2024, which was around 39% below the average February 2024 detached price in the Swale local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

GROSVENOR COTTAGE Sold Prices

Land registry data shows four sales for GROSVENOR COTTAGE 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. All of the four GROSVENOR COTTAGE 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
2024 2 FEB	£290,000	£471,891	39% below HPI
1999 8 DEC	£87,500	£121,186	28% below HPI
1997 17 OCT	£68,500	£99,862	31% below HPI
1996 28 MAY	£35,000	£82,901	58% below HPI

GROSVENOR COTTAGE 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 GROSVENOR COTTAGE sales between May 1996 and February 2024 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 December 1999 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the February 2024 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is GROSVENOR COTTAGE?

GROSVENOR COTTAGE is 73m², which includes two extensions, according to the EPC inspection conducted in October 2019. 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 GROSVENOR COTTAGE lies on this distribution: 5% of detached houses are smaller than GROSVENOR COTTAGE, and 95% of houses are larger. Note that EPC data is not available for all properties in Faversham.

GROSVENOR COTTAGE: Plot and Title Map

GROSVENOR COTTAGE sits on a plot of roughly 0.022 of an acre, or 89m². The below map shows the location of GROSVENOR COTTAGE, 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 GROSVENOR COTTAGE). 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 GROSVENOR COTTAGE?

GROSVENOR COTTAGE is located on CHAPEL STREET in FAVERSHAM, in the ME13 postcode district. The below map shows the position of GROSVENOR COTTAGE on CHAPEL STREET.