5, OCEAN GATEWAY, FISHERMANS BEACH, HYTHE, CT21 6FN - £550,000

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.

5 OCEAN GATEWAY is a midsized detached house of 137m², which could now be worth an estimated £622,903. It was last sold for £550,000 in November 2020, which was around 19% above the average November 2020 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was January 2018, where the current energy rating was B, and the potential energy rating was B.

5 OCEAN GATEWAY Sold Prices

Land registry data shows two sales for 5 OCEAN GATEWAY 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. Both of the two 5 OCEAN GATEWAY sales were for above 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
2020 13 NOV	£550,000	£463,427	19% above HPI
2018 23 JAN	£495,000	£414,048	20% above HPI

5 OCEAN GATEWAY 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 5 OCEAN GATEWAY sales from January 2018 and November 2020 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 January 2018 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the November 2020 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 5 OCEAN GATEWAY be worth now?

5 OCEAN GATEWAY might now be worth an estimated £622,903.

This is based on house price inflation of 13.3%, between November 2020 and June 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 13.3% inflationary increase is applied to the most recent sale price for 5 OCEAN GATEWAY of £550,000 on 13th November 2020. For the value to have increased from £550,000 to £622,903 over the five years and five months to June 2025, the following assumptions must hold true:

• The value of 5 OCEAN GATEWAY has moved in line with the HPI for detached houses in the Folkestone and Hythe local authority area.
• The November 2020 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 5 OCEAN GATEWAY has not materially changed since November 2020.

How Large is 5 OCEAN GATEWAY?

5 OCEAN GATEWAY is 137m² according to the EPC inspection conducted in January 2018. This puts it in the largest 50% of detached houses houses in Hythe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hythe, and where 5 OCEAN GATEWAY lies on this distribution: 58% of detached houses houses are smaller than 5 OCEAN GATEWAY, and 41% of houses are larger. Note that EPC data is not available for all properties in Hythe.

5 OCEAN GATEWAY: Plot and Title Map

5 OCEAN GATEWAY sits on a plot of roughly 0.023 of an acre, or 94m². The below map shows the location of 5 OCEAN GATEWAY, 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 5 OCEAN GATEWAY). 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 5 OCEAN GATEWAY?

5 OCEAN GATEWAY is located on FISHERMANS BEACH in HYTHE, in the CT21 postcode district. The below map shows the position of 5 OCEAN GATEWAY on FISHERMANS BEACH.