29, RICHMOND DRIVE, NEW ROMNEY, TN28 8UW - £350,000

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

29 RICHMOND DRIVE is a very small detached house of 83m², built sometime between 1983 and 1990. It was last sold for £350,000 in August 2022, which was around 34% below the average August 2022 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was C.

29 RICHMOND DRIVE Sold Prices

Land registry data shows two sales for 29 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 29 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
2022 12 AUG	£350,000	£527,156	34% below HPI
2009 9 JUN	£175,000	£250,404	30% below HPI

29 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 29 RICHMOND DRIVE sales from June 2009 and August 2022 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 2009 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the August 2022 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 29 RICHMOND DRIVE?

29 RICHMOND DRIVE is 83m² according to the EPC inspection conducted in August 2021. 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 29 RICHMOND DRIVE lies on this distribution: 8% of detached houses are smaller than 29 RICHMOND DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in New Romney.

29 RICHMOND DRIVE: Plot and Title Map

29 RICHMOND DRIVE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 29 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 29 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 29 RICHMOND DRIVE?

29 RICHMOND DRIVE is located in NEW ROMNEY, in the TN28 postcode district. The below map shows the position of No. 29 on RICHMOND DRIVE.