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

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

31 MILL ROAD is a very small detached house of 71m², built sometime between 1930 and 1949. It was last sold for £340,000 in December 2021, which was around 31% 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	£495,093	31% below HPI
2018 6 DEC	£210,000	£431,011	51% below HPI
2003 3 OCT	£138,000	£230,247	40% below HPI
1999 28 MAY	£65,000	£105,667	38% 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 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the December 2021 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

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 in Lydd, based on EPC data. The below chart shows the distribution of detached houses by size in Lydd, and where 31 MILL ROAD lies on this distribution: 14% of detached 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 0.110 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.