BAY TREE HOUSE, CANNON STREET, NEW ROMNEY, TN28 8BJ - £500,000

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

BAY TREE HOUSE is a midsized extended detached house of 116m², built sometime between 2007 and 2011. It was last sold for £500,000 in May 2024, which was about the average May 2024 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was October 2022, where the current energy rating was B, and the potential energy rating was B.

BAY TREE HOUSE Sold Prices

Land registry data shows two sales for BAY TREE HOUSE 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. One of the two BAY TREE HOUSE sales was roughly equal to the average price, whilst the other was 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
2024 15 MAY	£500,000	£500,881	Close to HPI
2007 19 OCT	£290,000	£303,342	4% below HPI

BAY TREE HOUSE 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 BAY TREE HOUSE sales from October 2007 and May 2024 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 2007 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2024 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is BAY TREE HOUSE?

BAY TREE HOUSE is 116m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the smallest 50% 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 BAY TREE HOUSE lies on this distribution: 44% of detached houses are smaller than BAY TREE HOUSE, and 55% of houses are larger. Note that EPC data is not available for all properties in New Romney.

BAY TREE HOUSE: Plot and Title Map

BAY TREE HOUSE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of BAY TREE HOUSE, 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 BAY TREE HOUSE). 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 BAY TREE HOUSE?

BAY TREE HOUSE is located on CANNON STREET in NEW ROMNEY, in the TN28 postcode district. The below map shows the position of BAY TREE HOUSE on CANNON STREET.