8, THE RIDGEWAY, LYMPNE, HYTHE, CT21 4PW - £625,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 THE RIDGEWAY is a large extended detached house of 129m², built sometime between 1996 and 2002. It was last sold for £625,000 in April 2022, which was around 18% above the average April 2022 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

8 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 8 THE RIDGEWAY 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 8 THE RIDGEWAY 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
2022 29 APR	£625,000	£529,120	18% above HPI
1997 11 APR	£145,000	£87,406	66% above HPI

8 THE RIDGEWAY 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 8 THE RIDGEWAY sales from April 1997 and April 2022 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 April 1997 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the April 2022 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 8 THE RIDGEWAY?

8 THE RIDGEWAY is 129m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 40% of detached houses in Lympne, based on EPC data. The below chart shows the distribution of detached houses by size in Lympne, and where 8 THE RIDGEWAY lies on this distribution: 69% of detached houses are smaller than 8 THE RIDGEWAY, and 31% of houses are larger. Note that EPC data is not available for all properties in Lympne.

8 THE RIDGEWAY: Plot and Title Map

8 THE RIDGEWAY sits on a plot of roughly 0.195 of an acre, or 787m². The below map shows the location of 8 THE RIDGEWAY, 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 8 THE RIDGEWAY). 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 8 THE RIDGEWAY?

8 THE RIDGEWAY is located in LYMPNE, in the CT21 postcode district. The below map shows the position of No. 8 on THE RIDGEWAY.