21, WELLS WAY, FAVERSHAM, ME13 7QP - £250,000

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.

21 WELLS WAY is a very small semi-detached house of 58m², built sometime between 1950 and 1966, which could now be worth an estimated £297,087. It was last sold for £250,000 in September 2018, which was around 6% below the average September 2018 semi-detached price in the Swale local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was C.

21 WELLS WAY Sold Prices

Land registry data shows four sales for 21 WELLS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Swale local authority area for the corresponding sale date. Most of the four 21 WELLS WAY 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
2018 20 SEP	£250,000	£266,056	6% below HPI
2012 26 OCT	£168,000	£165,600	1% above HPI
2006 19 MAY	£160,000	£166,260	4% below HPI
1999 15 OCT	£69,500	£72,090	4% below HPI

21 WELLS WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Swale local authority area over time, sourced from the HPI. The four 21 WELLS WAY sales between October 1999 and September 2018 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 October 2012 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2018 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 21 WELLS WAY be worth now?

21 WELLS WAY might now be worth an estimated £297,087.

This is based on house price inflation of 18.8%, between September 2018 and May 2026, for semi-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 18.8% inflationary increase is applied to the most recent sale price for 21 WELLS WAY of £250,000 on 20th September 2018. For the value to have increased from £250,000 to £297,087 over the eight years and four months to May 2026, the following assumptions must hold true:

• The value of 21 WELLS WAY has moved in line with the HPI for semi-detached houses in the Swale local authority area.
• The September 2018 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 21 WELLS WAY has not materially changed since September 2018.

How Large is 21 WELLS WAY?

21 WELLS WAY is 58m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 10% of semi-detached houses houses in Faversham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Faversham, and where 21 WELLS WAY lies on this distribution: 2% of semi-detached houses houses are smaller than 21 WELLS WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Faversham.

21 WELLS WAY: Plot and Title Map

21 WELLS WAY sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 21 WELLS WAY, 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 21 WELLS WAY). 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 21 WELLS WAY?

21 WELLS WAY is located in FAVERSHAM, in the ME13 postcode district. The below map shows the position of No. 21 on WELLS WAY.