2, FAIRFAX CLOSE, FOLKESTONE, CT20 3SL - £277,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

2 FAIRFAX CLOSE is a small semi-detached house of 95m², built sometime between 1991 and 1995. It was last sold for £277,000 in April 2015, which was around 14% below the average April 2015 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

2 FAIRFAX CLOSE Sold Prices

Land registry data shows six sales for 2 FAIRFAX CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. All of the six 2 FAIRFAX CLOSE 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
2015 30 APR	£277,000	£321,236	14% below HPI
2010 5 NOV	£237,000	£287,305	18% below HPI
2007 20 JUL	£267,000	£294,781	9% below HPI
2006 16 JUN	£225,000	£274,114	18% below HPI
2003 14 FEB	£198,500	£215,545	8% below HPI
1998 16 OCT	£92,950	£106,726	13% below HPI

2 FAIRFAX CLOSE 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 six 2 FAIRFAX CLOSE sales between October 1998 and April 2015 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 November 2010 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the April 2015 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 2 FAIRFAX CLOSE?

2 FAIRFAX CLOSE is 95m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 30% of detached houses in Folkestone, based on EPC data. The below chart shows the distribution of detached houses by size in Folkestone, and where 2 FAIRFAX CLOSE lies on this distribution: 26% of detached houses are smaller than 2 FAIRFAX CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Folkestone.

2 FAIRFAX CLOSE: Plot and Title Map

2 FAIRFAX CLOSE sits on a plot of roughly 0.087 of an acre, or 350m². The below map shows the location of 2 FAIRFAX CLOSE, 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 2 FAIRFAX CLOSE). 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 2 FAIRFAX CLOSE?

2 FAIRFAX CLOSE is located in FOLKESTONE, in the CT20 postcode district. The below map shows the position of No. 2 on FAIRFAX CLOSE.