72, WELLS WAY, FAVERSHAM, ME13 7QU - £259,995

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.

72 WELLS WAY is a very small semi-detached house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £396,188. It was last sold for £259,995 in August 2015, which was around 25% above the average August 2015 semi-detached price in the Swale local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

72 WELLS WAY Sold Prices

Land registry data shows two sales for 72 WELLS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Swale local authority area for the corresponding sale date. One of the two 72 WELLS WAY sales was for above the average price, whilst the other was 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
2015 24 AUG	£259,995	£207,482	25% above HPI
2012 20 DEC	£160,000	£165,364	3% below HPI

72 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 two 72 WELLS WAY sales from December 2012 and August 2015 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 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the August 2015 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 72 WELLS WAY be worth now?

72 WELLS WAY might now be worth an estimated £396,188.

This is based on house price inflation of 52.4%, between August 2015 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 52.4% inflationary increase is applied to the most recent sale price for 72 WELLS WAY of £259,995 on 24th August 2015. For the value to have increased from £259,995 to £396,188 over the eleven years and three months to May 2026, the following assumptions must hold true:

• The value of 72 WELLS WAY has moved in line with the HPI for semi-detached houses in the Swale local authority area.
• The August 2015 sale price of £259,995 represented a fair market value for the property.
• The size, condition, and specification of 72 WELLS WAY has not materially changed since August 2015.

How Large is 72 WELLS WAY?

72 WELLS WAY is 74m² according to the EPC inspection conducted in November 2015. 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 72 WELLS WAY lies on this distribution: 5% of semi-detached houses houses are smaller than 72 WELLS WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Faversham.

72 WELLS WAY: Plot and Title Map

72 WELLS WAY sits on a plot of roughly 0.086 of an acre, or 350m². The below map shows the location of 72 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 72 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 72 WELLS WAY?

72 WELLS WAY is located in FAVERSHAM, in the ME13 postcode district. The below map shows the position of No. 72 on WELLS WAY.