41, WELLS WAY, FAVERSHAM, ME13 7QU - £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.

41 WELLS WAY is a very small detached house of 62m², built sometime between 1950 and 1966, which could now be worth an estimated £336,279. It was last sold for £350,000 in January 2023, which was around 28% below the average January 2023 detached price in the Swale local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was B.

41 WELLS WAY Sold Prices

Land registry data shows two sales for 41 WELLS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Swale local authority area for the corresponding sale date. Both of the two 41 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
2023 16 JAN	£350,000	£489,252	28% below HPI
2012 29 OCT	£170,000	£249,429	32% below HPI

41 WELLS WAY 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 two 41 WELLS WAY sales from October 2012 and January 2023 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 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the January 2023 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 41 WELLS WAY be worth now?

41 WELLS WAY might now be worth an estimated £336,279.

This is based on house price deflation of 3.9%, between January 2023 and May 2026, 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 3.9% deflationary decrease is applied to the most recent sale price for 41 WELLS WAY of £350,000 on 16th January 2023. For the value to have decreased from £350,000 to £336,279 over the two years and eight months to May 2026, the following assumptions must hold true:

• The value of 41 WELLS WAY has moved in line with the HPI for detached houses in the Swale local authority area.
• The January 2023 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 41 WELLS WAY has not materially changed since January 2023.

How Large is 41 WELLS WAY?

41 WELLS WAY is 62m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 10% 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 41 WELLS WAY lies on this distribution: 2% of detached houses houses are smaller than 41 WELLS WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Faversham.

41 WELLS WAY: Plot and Title Map

41 WELLS WAY sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 41 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 41 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 41 WELLS WAY?

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