31, MILL ROAD, LYDD, ROMNEY MARSH, TN29 9EJ - £340,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

31 MILL ROAD is a very small detached house of 71m², built sometime between 1930 and 1949, which could now be worth an estimated £351,770. It was last sold for £340,000 in December 2021, which was around 33% below the average December 2021 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

31 MILL ROAD Sold Prices

Land registry data shows four sales for 31 MILL ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. All of the four 31 MILL ROAD 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
2021 10 DEC	£340,000	£510,162	33% below HPI
2018 6 DEC	£210,000	£444,130	53% below HPI
2003 3 OCT	£138,000	£237,255	42% below HPI
1999 28 MAY	£65,000	£108,883	40% below HPI

31 MILL ROAD 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 four 31 MILL ROAD sales between May 1999 and December 2021 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 December 2018 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the December 2021 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 31 MILL ROAD be worth now?

31 MILL ROAD might now be worth an estimated £351,770.

This is based on house price inflation of 3.5%, between December 2021 and February 2025, for detached houses, in the Folkestone and Hythe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.5% inflationary increase is applied to the most recent sale price for 31 MILL ROAD of £340,000 on 10th December 2021. For the value to have increased from £340,000 to £351,770 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of 31 MILL ROAD has moved in line with the HPI for detached houses in the Folkestone and Hythe local authority area.
• The December 2021 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 31 MILL ROAD has not materially changed since December 2021.

How Large is 31 MILL ROAD?

31 MILL ROAD is 71m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 20% of detached houses houses in Lydd, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lydd, and where 31 MILL ROAD lies on this distribution: 13% of detached houses houses are smaller than 31 MILL ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Lydd.

31 MILL ROAD: Plot and Title Map

31 MILL ROAD sits on a plot of roughly 0.109 of an acre, or 443m². The below map shows the location of 31 MILL ROAD, 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 31 MILL ROAD). 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 31 MILL ROAD?

31 MILL ROAD is located in LYDD, in the TN29 postcode district. The below map shows the position of No. 31 on MILL ROAD.