FAIRVIEW, SPITALFIELD LANE, NEW ROMNEY, TN28 8HQ - £349,500

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

FAIRVIEW is a small extended detached house of 105m², built sometime between 1930 and 1949. It was last sold for £349,500 in February 2016, which was around 1% below the average February 2016 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was C.

FAIRVIEW Sold Prices

Land registry data shows three sales for FAIRVIEW 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. All of the three FAIRVIEW 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
2016 26 FEB	£349,500	£351,954	1% below HPI
2012 19 DEC	£250,000	£284,160	12% below HPI
2000 23 JUN	£120,000	£129,510	7% below HPI

FAIRVIEW 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 FAIRVIEW sales between June 2000 and February 2016 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 December 2012 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the February 2016 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is FAIRVIEW?

FAIRVIEW is 105m², which includes one extension, according to the EPC inspection conducted in September 2012. 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 FAIRVIEW lies on this distribution: 32% of detached houses are smaller than FAIRVIEW, and 66% of houses are larger. Note that EPC data is not available for all properties in New Romney.

FAIRVIEW: Plot and Title Map

FAIRVIEW sits on a plot of roughly 0.157 of an acre, or 634m². The below map shows the location of FAIRVIEW, 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 FAIRVIEW). 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 FAIRVIEW?

FAIRVIEW is located on SPITALFIELD LANE in NEW ROMNEY, in the TN28 postcode district. The below map shows the position of FAIRVIEW on SPITALFIELD LANE.