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House Prices in ME13 House Prices in ME13 (Faversham)

The average house price in ME13 (Faversham) is £397,933 using HM Land Registry data.

The average property price increased by £52,481 (26.06%) over the last 5 years and increased by £10,513 (3.93%) over the last 12 months.

Over the last year, there were 300 residential property sales – a decrease of 36 transactions (-12.00%) relative to the previous year. The majority of house sales (97) were in the £276,000 - £362,000 range. Then came properties in the £190,000 - £276,000 range, where 49 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 161 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,520 (-2%).

In January 2025, there were 65 new estate agency instructions, 48 agreed home sales and 54 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 ME13 (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 ME13 (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) - January 2025

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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
111c, West Street, Faversham, Kent, ME13 7JB£175,000£175,000£016 Jul 202411 Dec 2024148 Days
94 St Marys Road, Faversham, Kent, ME13 8EG£250,000£250,000£004 Oct 202406 Dec 202463 Days
Forge House, The Street, Eastling, Faversham, Kent, ME13 0AY£500,000£495,000-£5,00027 Aug 202404 Dec 202499 Days
12 Willow Avenue, Faversham, Kent, ME13 7NL£265,000£265,000£002 Sep 202404 Dec 202493 Days
1 Napleton Road, Faversham, Kent, ME13 7JR£320,000£310,000-£10,00010 May 202402 Dec 2024206 Days
66 Edward Vinson Drive, Faversham, Kent, ME13 8FD£190,000£184,000-£6,00026 Apr 202429 Nov 2024217 Days
32 The Street, Boughton Under Blean, Faversham, Kent, ME13 9AS£400,000£390,000-£10,00031 May 202428 Nov 2024181 Days
35 St Pauls Road, Boughton Under Blean, Faversham, Kent, ME13 9SZ£250,000£247,500-£2,50027 Feb 202427 Nov 2024274 Days
94c, Lower Road, Faversham, Kent, ME13 7NN£315,000£315,000£011 May 202421 Nov 2024194 Days
3 Canterbury Road, Faversham, Kent, ME13 8JU£575,000£540,000-£35,00009 Aug 202421 Nov 2024104 Days
31 Willow Avenue, Faversham, Kent, ME13 7NL£300,000£300,000£021 Jun 202420 Nov 2024152 Days
14 Cremer Place, Faversham, Kent, ME13 7SG£300,000£295,000-£5,00019 Jul 202420 Nov 2024124 Days
2 Forge Close, Faversham, Kent, ME13 8HZ£395,000£385,000-£10,00017 Jul 202415 Nov 2024121 Days
5 Vicarage Street, Faversham, Kent, ME13 7BD£250,000£245,000-£5,00011 May 202414 Nov 2024187 Days
6 Mendfield Street, Faversham, Kent, ME13 7JY£375,000£367,000-£8,00029 Aug 202413 Nov 202476 Days
2 Berkeley Close, Dunkirk, Faversham, Kent, ME13 9TR£290,000£284,000-£6,00012 Apr 202424 Oct 2024195 Days
16 Edith Road, Faversham, Kent, ME13 8SD£530,000£530,000£025 Jun 202424 Oct 2024121 Days
6 Ospringe Street, Faversham, Kent, ME13 8TJ£225,000£205,000-£20,00027 Apr 202423 Oct 2024179 Days
3 - 4, Stockers Hill, Boughton Under Blean, Faversham, Kent, ME13 9AA£700,000£700,000£015 Apr 202423 Aug 2024130 Days
89 St Marys Road, Faversham, Kent, ME13 8EG£350,000£340,000-£10,00028 Feb 202421 Aug 2024175 Days

Most Expensive Streets in ME13 (Faversham)

PostcodeStreetAreaAverageNo. of Sales
ME13 0BYBunce Court Road, OtterdenFaversham£1,048,3333
ME13 9RJSelling Court, SellingFaversham£873,0005
ME13 0JFHillside Road, StalisfieldFaversham£863,0003
ME13 0PWWilgate Green, ThrowleyFaversham£750,0003
ME13 8XWAshford RoadFaversham£747,6005
ME13 7USChambers WharfFaversham£677,0005
ME13 8XNAshford RoadFaversham£670,4005
ME13 7FPBobbinite DriveFaversham£653,7504
ME13 7BEAbbey StreetFaversham£614,2546
ME13 7FUGuncotton DriveFaversham£608,3336

Least Expensive Streets in ME13 (Faversham)

PostcodeStreetAreaAverageNo. of Sales
ME13 8GTLoganberry DriveFaversham£141,3755
ME13 7NPLion Yard, Grove PlaceFaversham£142,2005
ME13 8THThe MountFaversham£163,8333
ME13 8HYPark Court, Abbey FieldsFaversham£165,6258
ME13 8FEEdward Vinson DriveFaversham£167,76714
ME13 7JBWest StreetFaversham£168,3333
ME13 7WBWhiting CrescentFaversham£174,8005
ME13 8TJOspringe StreetFaversham£177,2504
ME13 7QZHazebrouck RoadFaversham£189,0717
ME13 8NYJacob YardFaversham£195,7504

Explore ME13 (Faversham) using map

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