2, RICHMOND DRIVE, NEW ROMNEY, TN28 8UT - £300,000

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 RICHMOND DRIVE is a very small detached house of 83m², built sometime between 1976 and 1982. It was last sold for £300,000 in November 2023, which was around 41% below the average November 2023 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

2 RICHMOND DRIVE Sold Prices

Land registry data shows two sales for 2 RICHMOND DRIVE 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 2 RICHMOND DRIVE 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
2023 15 NOV	£300,000	£506,129	41% below HPI
1996 22 NOV	£68,000	£85,929	21% below HPI

2 RICHMOND DRIVE 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 2 RICHMOND DRIVE sales from November 1996 and November 2023 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 1996 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the November 2023 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 2 RICHMOND DRIVE?

2 RICHMOND DRIVE is 83m² according to the EPC inspection conducted in June 2023. 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 RICHMOND DRIVE lies on this distribution: 8% of detached houses are smaller than 2 RICHMOND DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in New Romney.

2 RICHMOND DRIVE: Plot and Title Map

2 RICHMOND DRIVE sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 2 RICHMOND DRIVE, 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 RICHMOND DRIVE). 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 RICHMOND DRIVE?

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