2A, RICHMOND DRIVE, NEW ROMNEY, TN28 8UT - £375,000

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

2A RICHMOND DRIVE is a small extended detached house of 111m², built sometime between 1996 and 2002. It was last sold for £375,000 in June 2016, which was around 1% above the average June 2016 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was August 2015, where the current energy rating was C, and the potential energy rating was B.

2A RICHMOND DRIVE Sold Prices

Land registry data shows two sales for 2A 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. One of the two 2A RICHMOND DRIVE sales was for above the average price, whilst the other was 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
2016 30 JUN	£375,000	£372,493	1% above HPI
2007 4 JUL	£245,000	£294,781	17% below HPI

2A 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 2A RICHMOND DRIVE sales from July 2007 and June 2016 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 July 2007 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the June 2016 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 2A RICHMOND DRIVE?

2A RICHMOND DRIVE is 111m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the smallest 40% 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 2A RICHMOND DRIVE lies on this distribution: 40% of detached houses are smaller than 2A RICHMOND DRIVE, and 60% of houses are larger. Note that EPC data is not available for all properties in New Romney.

2A RICHMOND DRIVE: Plot and Title Map

2A RICHMOND DRIVE sits on a plot of roughly 0.121 of an acre, or 490m². The below map shows the location of 2A 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 2A 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 2A RICHMOND DRIVE?

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