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House Prices in ME13 House Prices in ME13 (Faversham)

The average house price in ME13 (Faversham) is £368,450 using HM Land Registry data.

The average property price increased by £59,486 (26.06%) over the last 5 years and increased by £11,919 (3.93%) over the last 12 months.

Over the last year, there were 223 residential property sales – a decrease of 170 transactions (-76.23%) relative to the previous year. The majority of house sales (66) were in the £262,000 - £334,000 range. Then came properties in the £334,000 - £406,000 range, where 50 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 73 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,498 (-2%).

In Oct 24, there were 77 new estate agency instructions, 51 agreed home sales and 61 property price reductions.

Nearby Postcodes: , CT1, CT15, CT18, CT19, CT2, CT20, CT21, CT3, CT4, CT5, CT6, ME10, ME11, ME12, ME14, ME15, ME17, ME3, ME7, ME8, ME9, ME99, TN12, TN17, TN23, TN24, TN25, TN26, TN27, TN29, TN30

5-Year Average Property Prices in ME13 (Faversham)

26.06%

Property prices in Faversham increased by 26.06% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in ME13 (Faversham) Over the Last Year

3.93%

Property prices in Faversham increased by 3.93% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for ME13 (Faversham) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in ME13 (Faversham)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in ME13 (Faversham)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in ME13 (Faversham)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the ME13 (Faversham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the ME13 postcode area since 1995.

Recent Sales in ME13 (Faversham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
3 - 4, Stockers Hill, Boughton Under Blean, Faversham, Kent, ME13 9AA£700,000£700,000£0015 Apr 202423 Aug 2024130 Days
89 St Marys Road, Faversham, Kent, ME13 8EG£350,000£340,000-£10,00028 Feb 202421 Aug 2024175 Days
33 Fielding Street, Faversham, Kent, ME13 7JZ£225,000£170,000-£55,00002 Nov 201521 Aug 20243215 Days
35 Cremer Place, Faversham, Kent, ME13 7SG£260,000£252,000-£8,00017 Feb 202409 Aug 2024174 Days
7 Millfield Road, Faversham, Kent, ME13 8BY£199,995£195,000-£4,99526 Dec 202306 Aug 2024224 Days
11 Cole Road, Faversham, Kent, ME13 8DA£290,000£275,000-£15,00019 Mar 202401 Aug 2024135 Days
58 Saxon Road, Faversham, Kent, ME13 8QD£425,000£410,000-£15,00026 Dec 202330 Jul 2024217 Days
25 Athol Place, Faversham, Kent, ME13 7SN£210,000£208,000-£2,00008 May 202425 Jul 202478 Days
39 Whitstable Road, Faversham, Kent, ME13 8BG£490,000£468,000-£22,00012 Feb 202423 Jul 2024162 Days
62 Kingsnorth Road, Faversham, Kent, ME13 8SB£375,000£375,000£0012 Feb 202419 Jul 2024158 Days
35 Forbes Road, Faversham, Kent, ME13 8QG£490,000£480,000-£10,00015 Feb 202416 Jul 2024152 Days
18 Nelson Street, Faversham, Kent, ME13 8LA£300,000£287,000-£13,00023 Jan 202428 Jun 2024157 Days
34 Goldfinch Close, Faversham, Kent, ME13 7EW£160,000£159,000-£1,00026 Dec 202327 Jun 2024184 Days
45 Abbey Street, Faversham, Kent, ME13 7BP£395,000£385,000-£10,00004 Jan 202419 Jun 2024167 Days
51 West Street, Faversham, Kent, ME13 7JH£320,000£320,000£0027 Feb 202414 Jun 2024108 Days
23 The Mall, Faversham, Kent, ME13 8JL£340,000£335,000-£5,00025 Nov 202313 Jun 2024201 Days
28 George Stewart Avenue, Faversham, Kent, ME13 8FJ£370,000£367,500-£2,50008 Nov 202331 May 2024205 Days
8 Tanners Street, Faversham, Kent, ME13 7JL£215,000£195,000-£20,00006 Feb 202428 May 2024112 Days
12 Sherwood Close, Faversham, Kent, ME13 7QS£375,000£372,500-£2,50008 Jan 202424 May 2024137 Days
123 Bysing Wood Road, Faversham, Kent, ME13 7RH£325,000£325,000£0026 Jun 202324 May 2024333 Days

Most Expensive Streets in ME13 (Faversham)

PostcodeStreetAreaAverageNo. of Sales
ME13 0BYBunce Court Road, OtterdenFaversham£1,048,3333
ME13 0JFHillside Road, StalisfieldFaversham£863,0003
ME13 9RJSelling Court, SellingFaversham£841,0005
ME13 0PWWilgate Green, ThrowleyFaversham£750,0003
ME13 8XWAshford RoadFaversham£720,7504
ME13 7USChambers WharfFaversham£677,0005
ME13 7FPBobbinite DriveFaversham£651,6663
ME13 9LBBlack Barns, HernhillFaversham£618,3333
ME13 8JYPreston GroveFaversham£612,1005
ME13 7FUGuncotton DriveFaversham£608,3336

Least Expensive Streets in ME13 (Faversham)

PostcodeStreetAreaAverageNo. of Sales
ME13 8GTLoganberry DriveFaversham£123,5934
ME13 7NPLion Yard, Grove PlaceFaversham£142,2005
ME13 8HYPark Court, Abbey FieldsFaversham£165,0007
ME13 8FEEdward Vinson DriveFaversham£167,76714
ME13 8TJOspringe StreetFaversham£168,0003
ME13 8THThe MountFaversham£174,3005
ME13 7WBWhiting CrescentFaversham£174,8005
ME13 7QZHazebrouck RoadFaversham£189,0717
ME13 7SNAthol PlaceFaversham£189,3333
ME13 8NYJacob YardFaversham£195,7504

Explore ME13 (Faversham) using map

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