41, OSPRINGE STREET, FAVERSHAM, ME13 8TW - £290,000

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.

41 OSPRINGE STREET is a small terraced house of 98m², built sometime before 1900, which could now be worth an estimated £351,048. It was last sold for £290,000 in June 2019, which was around 40% above the average June 2019 terraced price in the Swale local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

41 OSPRINGE STREET Sold Prices

Land registry data shows three sales for 41 OSPRINGE STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Swale local authority area for the corresponding sale date. All of the three 41 OSPRINGE STREET sales were for above 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 JUN	£290,000	£207,335	40% above HPI
2012 10 DEC	£200,000	£134,574	49% above HPI
2009 16 FEB	£170,000	£129,561	31% above HPI

41 OSPRINGE STREET Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Swale local authority area over time, sourced from the HPI. The three 41 OSPRINGE STREET sales between February 2009 and June 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 December 2012 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the June 2019 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 41 OSPRINGE STREET be worth now?

41 OSPRINGE STREET might now be worth an estimated £351,048.

This is based on house price inflation of 21.1%, between June 2019 and May 2026, for terraced 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 21.1% inflationary increase is applied to the most recent sale price for 41 OSPRINGE STREET of £290,000 on 13th June 2019. For the value to have increased from £290,000 to £351,048 over the seven years and one month to May 2026, the following assumptions must hold true:

• The value of 41 OSPRINGE STREET has moved in line with the HPI for terraced houses in the Swale local authority area.
• The June 2019 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 41 OSPRINGE STREET has not materially changed since June 2019.

How Large is 41 OSPRINGE STREET?

41 OSPRINGE STREET is 98m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 40% of terraced houses houses in Faversham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Faversham, and where 41 OSPRINGE STREET lies on this distribution: 34% of terraced houses houses are smaller than 41 OSPRINGE STREET, and 66% of houses are larger. Note that EPC data is not available for all properties in Faversham.

41 OSPRINGE STREET: Plot and Title Map

41 OSPRINGE STREET sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 41 OSPRINGE STREET, 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 41 OSPRINGE STREET). 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 41 OSPRINGE STREET?

41 OSPRINGE STREET is located in FAVERSHAM, in the ME13 postcode district. The below map shows the position of No. 41 on OSPRINGE STREET.