DREVA, PARK STREET, LYDD, ROMNEY MARSH, TN29 9AZ - £420,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

DREVA is a very large extended detached house of 206m², built sometime between 1983 and 1990, which could now be worth an estimated £438,836. It was last sold for £420,000 in February 2024, which was around 17% below the average February 2024 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 four sales for DREVA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. Most of the four DREVA 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
2024 29 FEB	£420,000	£505,168	17% below HPI
2015 19 MAY	£270,000	£338,449	20% below HPI
2014 24 MAR	£340,000	£310,895	9% above HPI
2002 18 OCT	£195,000	£204,059	4% 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 four DREVA sales between October 2002 and February 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 May 2015 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the February 2024 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might DREVA be worth now?

DREVA might now be worth an estimated £438,836.

This is based on house price inflation of 4.5%, between February 2024 and February 2025, for detached houses, in the Folkestone and Hythe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.5% inflationary increase is applied to the most recent sale price for DREVA of £420,000 on 29th February 2024. For the value to have increased from £420,000 to £438,836 over the one year to February 2025, the following assumptions must hold true:

• The value of DREVA has moved in line with the HPI for detached houses in the Folkestone and Hythe local authority area.
• The February 2024 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of DREVA has not materially changed since February 2024.

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 houses in Lydd, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lydd, and where DREVA lies on this distribution: 93% of detached houses houses are smaller than DREVA, and 7% 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 0.131 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.