56, PRESTON PARK, FAVERSHAM, ME13 8LN - £225,000

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.

56 PRESTON PARK is a very small terraced house of 48m², built sometime between 1991 and 1995, which could now be worth an estimated £263,709. It was last sold for £225,000 in November 2018, which was around 5% above the average November 2018 terraced price in the Swale local authority area. The most recent EPC inspection was January 2018, where the current energy rating was C, and the potential energy rating was B.

56 PRESTON PARK Sold Prices

Land registry data shows three sales for 56 PRESTON PARK 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 56 PRESTON PARK 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
2018 23 NOV	£225,000	£214,140	5% above HPI
1997 17 OCT	£58,000	£48,948	18% above HPI
1996 12 MAR	£50,500	£40,889	24% above HPI

56 PRESTON PARK 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 56 PRESTON PARK sales between March 1996 and November 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 1997 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the November 2018 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 56 PRESTON PARK be worth now?

56 PRESTON PARK might now be worth an estimated £263,709.

This is based on house price inflation of 17.2%, between November 2018 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 17.2% inflationary increase is applied to the most recent sale price for 56 PRESTON PARK of £225,000 on 23rd November 2018. For the value to have increased from £225,000 to £263,709 over the eight years and six months to May 2026, the following assumptions must hold true:

• The value of 56 PRESTON PARK has moved in line with the HPI for terraced houses in the Swale local authority area.
• The November 2018 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 56 PRESTON PARK has not materially changed since November 2018.

How Large is 56 PRESTON PARK?

56 PRESTON PARK is 48m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 10% 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 56 PRESTON PARK lies on this distribution: Less than 1% of terraced houses houses are smaller than 56 PRESTON PARK, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Faversham.

56 PRESTON PARK: Plot and Title Map

56 PRESTON PARK sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 56 PRESTON PARK, 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 56 PRESTON PARK). 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 56 PRESTON PARK?

56 PRESTON PARK is located in FAVERSHAM, in the ME13 postcode district. The below map shows the position of No. 56 on PRESTON PARK.