DREVA, PARK STREET, LYDD, ROMNEY MARSH, TN29 9AZ - £270,000

DREVA is a very large extended detached house of 206m², built sometime between 1983 and 1990. It was last sold for £270,000 in May 2015, which was around 18% below the average May 2015 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was C.

DREVA Sold Prices

Land registry data shows three sales for DREVA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. Two of the three DREVA sales were for below the average price, whilst one was 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
2015 19 MAY	£270,000	£328,452	18% below HPI
2014 24 MAR	£340,000	£301,712	13% above HPI
2002 18 OCT	£195,000	£198,031	2% below HPI

DREVA 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 three DREVA sales between October 2002 and May 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 March 2014 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the May 2015 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is DREVA?

DREVA is 206m², which includes two extensions, according to the EPC inspection conducted in January 2023. This puts it in the largest 10% of detached houses in Lydd, based on EPC data. The below chart shows the distribution of detached houses by size in Lydd, and where DREVA lies on this distribution: 94% of detached houses are smaller than DREVA, and 6% of houses are larger. Note that EPC data is not available for all properties in Lydd.

DREVA: Plot and Title Map

DREVA sits on a plot of roughly 0.132 of an acre, or 532m². The below map shows the location of DREVA, 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 DREVA). 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 DREVA?

DREVA is located on PARK STREET in LYDD, in the TN29 postcode district. The below map shows the position of DREVA on PARK STREET.