31, RICHMOND DRIVE, NEW ROMNEY, TN28 8UW - £305,000

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 RICHMOND DRIVE is a small detached house of 96m², built sometime between 1976 and 1982. It was last sold for £305,000 in May 2018, which was around 26% below the average May 2018 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was B.

31 RICHMOND DRIVE Sold Prices

Land registry data shows three sales for 31 RICHMOND DRIVE 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 31 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
2018 31 MAY	£305,000	£410,941	26% below HPI
2014 30 OCT	£235,000	£309,930	24% below HPI
1999 14 MAY	£92,950	£105,667	12% below HPI

31 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 three 31 RICHMOND DRIVE sales between May 1999 and May 2018 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 October 2014 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2018 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 31 RICHMOND DRIVE?

31 RICHMOND DRIVE is 96m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 30% 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 31 RICHMOND DRIVE lies on this distribution: 22% of detached houses are smaller than 31 RICHMOND DRIVE, and 77% of houses are larger. Note that EPC data is not available for all properties in New Romney.

31 RICHMOND DRIVE: Plot and Title Map

31 RICHMOND DRIVE sits on a plot of roughly 0.062 of an acre, or 253m². The below map shows the location of 31 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 31 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 31 RICHMOND DRIVE?

31 RICHMOND DRIVE is located in NEW ROMNEY, in the TN28 postcode district. The below map shows the position of No. 31 on RICHMOND DRIVE.