KORALYN, COOLINGE LANE, FOLKESTONE, CT20 3QE - £374,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

KORALYN is a small detached house of 105m², built sometime between 1930 and 1949. It was last sold for £374,000 in June 2018, which was around 10% below the average June 2018 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

KORALYN Sold Prices

Land registry data shows two sales for KORALYN 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 KORALYN 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
2018 15 JUN	£374,000	£416,882	10% below HPI
1995 17 AUG	£67,740	£82,313	18% below HPI

KORALYN 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 KORALYN sales from August 1995 and June 2018 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 August 1995 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2018 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is KORALYN?

KORALYN is 105m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 40% of detached houses in Folkestone, based on EPC data. The below chart shows the distribution of detached houses by size in Folkestone, and where KORALYN lies on this distribution: 31% of detached houses are smaller than KORALYN, and 68% of houses are larger. Note that EPC data is not available for all properties in Folkestone.

KORALYN: Plot and Title Map

KORALYN sits on a plot of roughly 0.120 of an acre, or 487m². The below map shows the location of KORALYN, 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 KORALYN). 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 KORALYN?

KORALYN is located on COOLINGE LANE in FOLKESTONE, in the CT20 postcode district. The below map shows the position of KORALYN on COOLINGE LANE.