12, MARGARET STREET, FOLKESTONE, CT20 1LJ - £8,511,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

12 MARGARET STREET is a large extended detached house of 193m², built sometime before 1900, which could now be worth an estimated £9,636,746. It was last sold for £8,511,000 in January 2021, which was around 1720% above the average January 2021 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was C.

12 MARGARET STREET Sold Prices

Land registry data shows four sales for 12 MARGARET STREET since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. Most of the four 12 MARGARET STREET sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 8 JAN	£8,511,000	£467,651	1720% above HPI
2017 21 DEC	£1,707,333	£407,338	319% above HPI
2017 6 OCT	£720,000	£409,916	76% above HPI
2001 11 SEP	£107,000	£154,896	31% below HPI

12 MARGARET STREET Price Paid vs. HPI Average

The below graph shows the average detached house price in the Folkestone and Hythe local authority area over time, sourced from the HPI. The four 12 MARGARET STREET sales between September 2001 and January 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2017 sale was for 319% above the HPI. So the extrapolation line tracks at 319% above the HPI over time, until the January 2021 sale, where it rises to 1720% above the HPI. The line then continues to track at 1720% above the HPI.

What might 12 MARGARET STREET be worth now?

12 MARGARET STREET might now be worth an estimated £9,636,746.

This is based on house price inflation of 13.2%, between January 2021 and March 2025, for detached houses, in the Folkestone and Hythe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.2% inflationary increase is applied to the most recent sale price for 12 MARGARET STREET of £8,511,000 on 8th January 2021. For the value to have increased from £8,511,000 to £9,636,746 over the three years and ten months to March 2025, the following assumptions must hold true:

• The value of 12 MARGARET STREET has moved in line with the HPI for detached houses in the Folkestone and Hythe local authority area.
• The January 2021 sale price of £8,511,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MARGARET STREET has not materially changed since January 2021.

How Large is 12 MARGARET STREET?

12 MARGARET STREET is 193m², which includes three extensions, according to the EPC inspection conducted in July 2017. This puts it in the largest 30% of detached houses houses in Folkestone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Folkestone, and where 12 MARGARET STREET lies on this distribution: 79% of detached houses houses are smaller than 12 MARGARET STREET, and 21% of houses are larger. Note that EPC data is not available for all properties in Folkestone.

12 MARGARET STREET: Plot and Title Map

12 MARGARET STREET sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 12 MARGARET STREET, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 12 MARGARET STREET). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 12 MARGARET STREET?

12 MARGARET STREET is located in FOLKESTONE, in the CT20 postcode district. The below map shows the position of No. 12 on MARGARET STREET.