CHERRY TREE HOUSE, CANNON STREET, NEW ROMNEY, TN28 8BJ - £320,000

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

CHERRY TREE HOUSE is a small extended detached house of 106m², built sometime from 2012 onwards. It was last sold for £320,000 in September 2015, which was around 6% below the average September 2015 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

CHERRY TREE HOUSE Sold Prices

Land registry data shows two sales for CHERRY 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. Both of the two CHERRY TREE HOUSE 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 14 SEP	£320,000	£340,522	6% below HPI
2007 14 SEP	£249,999	£304,066	18% below HPI

CHERRY 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 CHERRY TREE HOUSE sales from September 2007 and September 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 September 2007 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2015 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is CHERRY TREE HOUSE?

CHERRY TREE HOUSE is 106m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 40% 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 CHERRY TREE HOUSE lies on this distribution: 35% of detached houses are smaller than CHERRY TREE HOUSE, and 64% of houses are larger. Note that EPC data is not available for all properties in New Romney.

CHERRY TREE HOUSE: Plot and Title Map

CHERRY TREE HOUSE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of CHERRY 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 CHERRY 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 CHERRY TREE HOUSE?

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