CEDAR BANK, DYMCHURCH ROAD, NEW ROMNEY, TN28 8UF - £250,000

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

CEDAR BANK is a very small detached house of 73m², built sometime between 1930 and 1949. It was last sold for £250,000 in November 2015, which was around 28% below the average November 2015 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

CEDAR BANK Sold Prices

Land registry data shows two sales for CEDAR BANK 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 CEDAR BANK 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
2015 24 NOV	£250,000	£345,005	28% below HPI
2012 26 NOV	£125,000	£279,912	55% below HPI

CEDAR BANK 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 CEDAR BANK sales from November 2012 and November 2015 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 November 2012 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the November 2015 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is CEDAR BANK?

CEDAR BANK is 73m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% 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 CEDAR BANK lies on this distribution: 3% of detached houses are smaller than CEDAR BANK, and 96% of houses are larger. Note that EPC data is not available for all properties in New Romney.

CEDAR BANK: Plot and Title Map

CEDAR BANK sits on a plot of roughly 0.104 of an acre, or 422m². The below map shows the location of CEDAR BANK, 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 CEDAR BANK). 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 CEDAR BANK?

CEDAR BANK is located on DYMCHURCH ROAD in NEW ROMNEY, in the TN28 postcode district. The below map shows the position of CEDAR BANK on DYMCHURCH ROAD.