12, MELBURY MEWS, NEW ROMNEY, TN28 8XD - £305,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

12 MELBURY MEWS is a small extended detached house of 107m², built sometime between 1976 and 1982. It was last sold for £305,000 in March 2024, which was around 39% below the average March 2024 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was May 2023, where the current energy rating was E, and the potential energy rating was C.

12 MELBURY MEWS Sold Prices

Land registry data shows two sales for 12 MELBURY MEWS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. Both of the two 12 MELBURY MEWS sales were for below 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
2024 28 MAR	£305,000	£496,697	39% below HPI
1996 11 OCT	£79,000	£86,293	8% below HPI

12 MELBURY MEWS 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 two 12 MELBURY MEWS sales from October 1996 and March 2024 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 October 1996 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the March 2024 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 12 MELBURY MEWS?

12 MELBURY MEWS is 107m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the smallest 40% of detached houses in New Romney, based on EPC data. The below chart shows the distribution of detached houses by size in New Romney, and where 12 MELBURY MEWS lies on this distribution: 36% of detached houses are smaller than 12 MELBURY MEWS, and 64% of houses are larger. Note that EPC data is not available for all properties in New Romney.

12 MELBURY MEWS: Plot and Title Map

12 MELBURY MEWS sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 12 MELBURY MEWS, 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 MELBURY MEWS). 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 MELBURY MEWS?

12 MELBURY MEWS is located in NEW ROMNEY, in the TN28 postcode district. The below map shows the position of No. 12 on MELBURY MEWS.