4, MELBURY MEWS, NEW ROMNEY, TN28 8XD - £485,000

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

4 MELBURY MEWS is a large extended detached house of 138m², built sometime between 1983 and 1990. It was last sold for £485,000 in November 2021, which was around 1% below the average November 2021 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

4 MELBURY MEWS Sold Prices

Land registry data shows three sales for 4 MELBURY MEWS 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 4 MELBURY MEWS 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 2 NOV	£485,000	£492,062	1% below HPI
2019 16 AUG	£338,500	£418,410	19% below HPI
2008 4 DEC	£250,000	£262,944	5% below HPI

4 MELBURY MEWS 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 4 MELBURY MEWS sales between December 2008 and November 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 August 2019 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2021 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 4 MELBURY MEWS?

4 MELBURY MEWS is 138m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the largest 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 4 MELBURY MEWS lies on this distribution: 74% of detached houses are smaller than 4 MELBURY MEWS, and 26% of houses are larger. Note that EPC data is not available for all properties in New Romney.

4 MELBURY MEWS: Plot and Title Map

4 MELBURY MEWS sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 4 MELBURY MEWS, 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 4 MELBURY MEWS). 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 4 MELBURY MEWS?

4 MELBURY MEWS is located in NEW ROMNEY, in the TN28 postcode district. The below map shows the position of No. 4 on MELBURY MEWS.