29, THE RIDGEWAY, LYMPNE, HYTHE, CT21 4PW - £342,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

29 THE RIDGEWAY is a small extended detached house of 84m², built sometime between 1983 and 1990. It was last sold for £342,500 in September 2020, which was around 22% below the average September 2020 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was B.

29 THE RIDGEWAY Sold Prices

Land registry data shows three sales for 29 THE RIDGEWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. All of the three 29 THE RIDGEWAY 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
2020 11 SEP	£342,500	£439,084	22% below HPI
2001 15 MAY	£128,000	£149,984	15% below HPI
1997 30 APR	£86,000	£87,406	2% below HPI

29 THE RIDGEWAY 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 three 29 THE RIDGEWAY sales between April 1997 and September 2020 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 May 2001 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the September 2020 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 29 THE RIDGEWAY?

29 THE RIDGEWAY is 84m², which includes two extensions, according to the EPC inspection conducted in February 2018. This puts it in the smallest 30% of detached houses in Lympne, based on EPC data. The below chart shows the distribution of detached houses by size in Lympne, and where 29 THE RIDGEWAY lies on this distribution: 20% of detached houses are smaller than 29 THE RIDGEWAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Lympne.

29 THE RIDGEWAY: Plot and Title Map

29 THE RIDGEWAY sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 29 THE RIDGEWAY, 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 THE RIDGEWAY). 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 THE RIDGEWAY?

29 THE RIDGEWAY is located in LYMPNE, in the CT21 postcode district. The below map shows the position of No. 29 on THE RIDGEWAY.