12, PAY STREET, DENSOLE, FOLKESTONE, CT18 7DN - £395,000

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 PAY STREET is a large extended detached house of 149m², built sometime between 1967 and 1975, which could now be worth an estimated £484,514. It was last sold for £395,000 in July 2018, which was around 8% below the average July 2018 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was B.

12 PAY STREET Sold Prices

Land registry data shows two sales for 12 PAY STREET 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 PAY STREET 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
2018 20 JUL	£395,000	£430,308	8% below HPI
2005 1 JUN	£244,500	£273,192	11% below HPI

12 PAY 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 two 12 PAY STREET sales from June 2005 and July 2018 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 June 2005 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2018 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 12 PAY STREET be worth now?

12 PAY STREET might now be worth an estimated £484,514.

This is based on house price inflation of 22.7%, between July 2018 and February 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 22.7% inflationary increase is applied to the most recent sale price for 12 PAY STREET of £395,000 on 20th July 2018. For the value to have increased from £395,000 to £484,514 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of 12 PAY STREET has moved in line with the HPI for detached houses in the Folkestone and Hythe local authority area.
• The July 2018 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PAY STREET has not materially changed since July 2018.

How Large is 12 PAY STREET?

12 PAY STREET is 149m², which includes one extension, according to the EPC inspection conducted in February 2018. This puts it in the largest 30% of detached houses houses in Densole, based on EPC data. The below chart shows the distribution of detached houses houses by size in Densole, and where 12 PAY STREET lies on this distribution: 72% of detached houses houses are smaller than 12 PAY STREET, and 27% of houses are larger. Note that EPC data is not available for all properties in Densole.

12 PAY STREET: Plot and Title Map

12 PAY STREET sits on a plot of roughly 0.125 of an acre, or 504m². The below map shows the location of 12 PAY 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 PAY 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 PAY STREET?

12 PAY STREET is located in DENSOLE, in the CT18 postcode district. The below map shows the position of No. 12 on PAY STREET.