GRECO HOUSE, LYDD ROAD, NEW ROMNEY, TN28 8HD - £510,000

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

GRECO HOUSE is a very large detached house of 181m², built sometime between 1996 and 2002. It was last sold for £510,000 in June 2021, which was around 11% above the average June 2021 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

GRECO HOUSE Sold Prices

Land registry data shows two sales for GRECO 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 GRECO HOUSE sales were 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
2021 2 JUN	£510,000	£461,351	11% above HPI
2011 31 JAN	£289,995	£281,367	3% above HPI

GRECO 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 GRECO HOUSE sales from January 2011 and June 2021 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 January 2011 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the June 2021 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is GRECO HOUSE?

GRECO HOUSE is 181m² according to the EPC inspection conducted in July 2020. This puts it in the largest 20% 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 GRECO HOUSE lies on this distribution: 88% of detached houses are smaller than GRECO HOUSE, and 11% of houses are larger. Note that EPC data is not available for all properties in New Romney.

GRECO HOUSE: Plot and Title Map

GRECO HOUSE sits on a plot of roughly 0.210 of an acre, or 848m². The below map shows the location of GRECO 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 GRECO 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 GRECO HOUSE?

GRECO HOUSE is located on LYDD ROAD in NEW ROMNEY, in the TN28 postcode district. The below map shows the position of GRECO HOUSE on LYDD ROAD.