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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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The Oaks, Faversham is recorded publicly as a modern freehold house across 1,700 ft2 of internal area, sitting on a 3,079 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of The Oaks, Faversham is £909,155 and its rental estimate is £2,150 per month, given the available information and assuming reasonable condition.
Well Lane, Ospringe, Faversham, ME13 falls within the ME13 postal district, in the borough of Swale.
The Oaks, Faversham has 31 entries in the Land Registry , most recently in April 2023 and a single entry in the EPC database dated April 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For The Oaks, Faversham, we estimate a market value of £954,612 and a rental value of £2,257 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £845,514 and £1,999 per month respectively.
Over the last year, The Oaks, Faversham has seen its estimated sale value decline by £23,717 (2.6%) and its estimated rental value climb by £33 per month (1.5%). This results in an estimated gross rental yield of 2.8%.
HM Land Registry records the plot of land for The Oaks, Faversham as measuring 3,079 m2.
That makes it the 3rd largest plot in the postcode, where 6 of the 9 other houses have recorded plot data.
The Oaks, Faversham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 21 Apr 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, LPG.
The most recent sale of The Oaks, Faversham completed on 21st April 2023 at £1,000,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have dropped by 18.0% over the period since April 2023.
Over the past 2 years 3 properties similar to The Oaks, Faversham have sold within a radius of 3.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 5th December 2024, was Coxett Lodge, Abbots Hill, Faversham, ME13 0RR, a freehold house which sold for £1,045,000.
Read more about house prices in ME13.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 9 addresses on Well Lane, Ospringe, Faversham, ME13, The Oaks, Faversham comes out as the 5th largest and the 2nd most expensive in our analysis of the public data.
It is also £543k more expensive than the average property across the ME13 district.
From The Oaks, Faversham, the nearest station is Faversham, 3.8 kilometres away.
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around The Oaks, Faversham, 41.1% of property is privately owned outright and 33.7% is privately owned with a mortgage.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around The Oaks, Faversham, 13.0% of residents are recorded as possessing school level qualifications and 41.0% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around The Oaks, Faversham, the average age was 42.3 and the most common age was 52.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around The Oaks, Faversham, 0.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around The Oaks, Faversham, there are an average of 1.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.
