2, PEMBROKE MEWS, NEW ROMNEY, TN28 8UN - £365,000

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

2 PEMBROKE MEWS is a very small detached house of 70m², built sometime between 1991 and 1995. It was last sold for £365,000 in December 2021, which was around 26% below the average December 2021 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

2 PEMBROKE MEWS Sold Prices

Land registry data shows four sales for 2 PEMBROKE MEWS 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. All of the four 2 PEMBROKE 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
2021 10 DEC	£365,000	£495,093	26% below HPI
2003 1 AUG	£185,000	£232,843	21% below HPI
1999 15 OCT	£86,000	£113,960	25% below HPI
1998 2 SEP	£84,950	£106,521	20% below HPI

2 PEMBROKE 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 four 2 PEMBROKE MEWS sales between September 1998 and December 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 August 2003 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the December 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 2 PEMBROKE MEWS?

2 PEMBROKE MEWS is 70m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 10% 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 2 PEMBROKE MEWS lies on this distribution: 2% of detached houses are smaller than 2 PEMBROKE MEWS, and 98% of houses are larger. Note that EPC data is not available for all properties in New Romney.

2 PEMBROKE MEWS: Plot and Title Map

2 PEMBROKE MEWS sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 2 PEMBROKE 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 2 PEMBROKE 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 2 PEMBROKE MEWS?

2 PEMBROKE MEWS is located in NEW ROMNEY, in the TN28 postcode district. The below map shows the position of No. 2 on PEMBROKE MEWS.