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Faversham House Prices Faversham House Prices

The average house price in Faversham is £418,230 using HM Land Registry data.

The average property price increased by £98,168 (32.08%) over the last 5 years and increased by £19,620 (5.1%) over the last 12 months.

Over the last year, there were 204 residential property sales – a decrease of 253 transactions (-124.02%) relative to the previous year. The majority of house sales (51) were in the £252,000 - £314,000 range. Then came properties in the £314,000 - £376,000 range, where 46 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 87 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,498 (-2%).

In April 2024, there were 60 new estate agency instructions, 38 agreed home sales and 29 property price reductions.

Postcodes Covered: ME13

5-Year Average Property Prices in Faversham

32.08%

Property prices in Faversham increased by 32.08% 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 Faversham Over the Last Year

5.1%

Property prices in Faversham increased by 5.1% 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 Faversham - April 2024

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 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 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 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 Faversham since 1995

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

Recent Property Sales in Faversham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Rose Villa, Lower Road, Faversham, Kent, ME13 7NN£325,000£315,000-£10,00010 Jan 202405 Mar 202455 Days
16 Granville Close, Faversham, Kent, ME13 7RY£410,000£402,000-£8,00020 Oct 202329 Feb 2024132 Days
18 Ethelbert Road, Faversham, Kent, ME13 8SQ£450,000£417,000-£33,00018 Oct 202328 Feb 2024133 Days
22 Priory Row, Faversham, Kent, ME13 7EG£300,000£290,000-£10,00023 Sep 202316 Feb 2024146 Days
38 Whitstable Road, Faversham, Kent, ME13 8DL£325,000£313,000-£12,00014 Aug 202315 Feb 2024185 Days
10 Stephens Close, Faversham, Kent, ME13 7SS£350,000£345,000-£5,00010 Oct 202309 Feb 2024122 Days
1 Churchill Way, Faversham, Kent, ME13 7RQ£250,000£250,000£0018 Sep 202309 Feb 2024144 Days
8 The Leas, Faversham, Kent, ME13 7QE£375,000£355,000-£20,00020 Oct 202329 Jan 2024101 Days
10 Laxton Way, Faversham, Kent, ME13 8LJ£525,000£525,000£0025 Sep 202309 Jan 2024106 Days
4 Dan Drive, Faversham, Kent, ME13 7SW£425,000£425,000£0008 Aug 202315 Dec 2023129 Days
10 Mendfield Street, Faversham, Kent, ME13 7JY£475,000£450,000-£25,00002 Aug 202311 Dec 2023131 Days
20 Canute Road, Faversham, Kent, ME13 8SH£475,000£460,000-£15,00022 Jun 202308 Dec 2023169 Days
40 Makenade Avenue, Faversham, Kent, ME13 8NE£349,000£345,000-£4,00007 Aug 202301 Dec 2023116 Days
15 The Street, Oare, Faversham, Kent, ME13 0QE£400,000£380,000-£20,00024 Apr 202322 Nov 2023212 Days
59 Westgate Road, Faversham, Kent, ME13 8HE£280,000£267,500-£12,50026 Jun 202320 Nov 2023147 Days
135 Edward Vinson Drive, Faversham, Kent, ME13 8FE£199,995£197,500-£2,49519 May 202317 Nov 2023182 Days
24 Saxon Road, Faversham, Kent, ME13 8QB£495,000£475,000-£20,00004 May 202310 Nov 2023190 Days
122 St Johns Road, Faversham, Kent, ME13 8EL£350,000£250,000-£100,00029 Jul 202308 Nov 2023102 Days
3 Fielding Street, Faversham, Kent, ME13 7JZ£230,000£226,000-£4,00006 May 202303 Nov 2023181 Days
69 Westgate Road, Faversham, Kent, ME13 8HE£260,000£249,995-£10,00503 May 202301 Nov 2023182 Days

Most Expensive Streets in Faversham

PostcodeStreetAreaAverageNo. of Sales
ME13 8XWAshford RoadFaversham£720,7504
ME13 7USChambers WharfFaversham£677,0005
ME13 7FPBobbinite DriveFaversham£651,6663
ME13 8JYPreston GroveFaversham£612,1005
ME13 7FUGuncotton DriveFaversham£608,3336
ME13 7UYEvetts DriveFaversham£603,7508
ME13 7FWStoving LaneFaversham£593,8889
ME13 8GLBrogdale CloseFaversham£590,69213
ME13 7BEAbbey StreetFaversham£585,0876
ME13 8YYMarchant GroveFaversham£572,3279

Least Expensive Streets in Faversham

PostcodeStreetAreaAverageNo. of Sales
ME13 8GTLoganberry DriveFaversham£116,9583
ME13 8AUEast StreetFaversham£141,6663
ME13 7NPLion YardGrove Place£142,2005
ME13 8HYPark CourtAbbey Fields£163,8889
ME13 8THThe MountFaversham£170,5006
ME13 8FEEdward Vinson DriveFaversham£170,58919
ME13 7SNAthol PlaceFaversham£172,3333
ME13 8TJOspringe StreetFaversham£177,2504
ME13 7QZHazebrouck RoadFaversham£179,0717
ME13 7EWGoldfinch CloseFaversham£189,4005

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