Average Price for property in Faversham is around £276,243 which varies based on type of property you are interested in and ranges from £458,929 for detached house to around £263,867 for semi-detached. Similarly terraced house is around £220,642 and a flat is worth £172,872. Values have been changing and have risen £1,297 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,918 in last 6 months, £17,668 in last 1 year, £33,711 in last 2 years, £44,966 in last 3 years, £49,332 in last 4 years and £40,458 in last 5 years.
Currently average asking price of a property in Faversham is around £389,560 based on approximately 430 properties for sale. Same is the case with rental options based on 32 properties up for rent, average asking rent is around £825 per month.
Estimated property value in Faversham is £276,243. Average asking price is £389,560 while average price paid is £240,910 which is up by £17,668 and Avg. asking rent £825.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Faversham area. In last 1 year alone average price buyer paid is around £240,910 based on approximately 430 sales in Faversham area alone. If you compare it to last 3 years sales of 1,266 properties where buyers paid around £228,607. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £221,932 for 1,994 and average amount paid for purchase of approx. 2,843 properties sold in last 7 years comes to about £215,362 per sale.