48, OSPRINGE STREET, FAVERSHAM, ME13 8TN - £348,500

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.

48 OSPRINGE STREET is a very large terraced house of 148m², built sometime between 1900 and 1929, which could now be worth an estimated £395,425. It was last sold for £348,500 in November 2020, which was around 58% above the average November 2020 terraced price in the Swale local authority area. The most recent EPC inspection was June 2020, where the current energy rating was E, and the potential energy rating was C.

48 OSPRINGE STREET Sold Prices

Land registry data shows three sales for 48 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 48 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
2020 16 NOV	£348,500	£221,197	58% above HPI
2011 25 FEB	£230,000	£133,911	72% above HPI
1998 31 JUL	£59,000	£50,426	17% above HPI

48 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 48 OSPRINGE STREET sales between July 1998 and November 2020 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 February 2011 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the November 2020 sale, where it falls to 58% above the HPI. The line then continues to track at 58% above the HPI.

What might 48 OSPRINGE STREET be worth now?

48 OSPRINGE STREET might now be worth an estimated £395,425.

This is based on house price inflation of 13.5%, between November 2020 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 13.5% inflationary increase is applied to the most recent sale price for 48 OSPRINGE STREET of £348,500 on 16th November 2020. For the value to have increased from £348,500 to £395,425 over the six years and six months to May 2026, the following assumptions must hold true:

• The value of 48 OSPRINGE STREET has moved in line with the HPI for terraced houses in the Swale local authority area.
• The November 2020 sale price of £348,500 represented a fair market value for the property.
• The size, condition, and specification of 48 OSPRINGE STREET has not materially changed since November 2020.

How Large is 48 OSPRINGE STREET?

48 OSPRINGE STREET is 148m² according to the EPC inspection conducted in June 2020. This puts it in the largest 20% 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 48 OSPRINGE STREET lies on this distribution: 81% of terraced houses houses are smaller than 48 OSPRINGE STREET, and 19% of houses are larger. Note that EPC data is not available for all properties in Faversham.

48 OSPRINGE STREET: Plot and Title Map

48 OSPRINGE STREET sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 48 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 48 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 48 OSPRINGE STREET?

48 OSPRINGE STREET is located in FAVERSHAM, in the ME13 postcode district. The below map shows the position of No. 48 on OSPRINGE STREET.