27, RICHMOND DRIVE, NEW ROMNEY, TN28 8UR - £265,000

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

27 RICHMOND DRIVE is a small detached house of 93m², built sometime between 1967 and 1975. It was last sold for £265,000 in November 2015, which was around 23% below the average November 2015 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

27 RICHMOND DRIVE Sold Prices

Land registry data shows two sales for 27 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 27 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
2015 11 NOV	£265,000	£345,005	23% below HPI
1997 23 JUN	£78,000	£91,320	15% below HPI

27 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 27 RICHMOND DRIVE sales from June 1997 and November 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 June 1997 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2015 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 27 RICHMOND DRIVE?

27 RICHMOND DRIVE is 93m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 30% 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 27 RICHMOND DRIVE lies on this distribution: 20% of detached houses are smaller than 27 RICHMOND DRIVE, and 79% of houses are larger. Note that EPC data is not available for all properties in New Romney.

27 RICHMOND DRIVE: Plot and Title Map

27 RICHMOND DRIVE sits on a plot of roughly 0.108 of an acre, or 438m². The below map shows the location of 27 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 27 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 27 RICHMOND DRIVE?

27 RICHMOND DRIVE is located in NEW ROMNEY, in the TN28 postcode district. The below map shows the position of No. 27 on RICHMOND DRIVE.