LAVENDER COTTAGE, DYMCHURCH ROAD, NEW ROMNEY, TN28 8UF - £225,000

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

LAVENDER COTTAGE is a small extended detached house of 104m², built sometime between 1930 and 1949. It was last sold for £225,000 in January 2013, which was around 20% below the average January 2013 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was February 2011, where the current energy rating was C, and the potential energy rating was C.

LAVENDER COTTAGE Sold Prices

Land registry data shows two sales for LAVENDER COTTAGE 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 LAVENDER COTTAGE 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
2013 21 JAN	£225,000	£282,817	20% below HPI
2007 12 JUN	£269,995	£285,980	6% below HPI

LAVENDER COTTAGE 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 LAVENDER COTTAGE sales from June 2007 and January 2013 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 June 2007 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the January 2013 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is LAVENDER COTTAGE?

LAVENDER COTTAGE is 104m², which includes one extension, according to the EPC inspection conducted in February 2011. 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 LAVENDER COTTAGE lies on this distribution: 31% of detached houses are smaller than LAVENDER COTTAGE, and 69% of houses are larger. Note that EPC data is not available for all properties in New Romney.

LAVENDER COTTAGE: Plot and Title Map

LAVENDER COTTAGE sits on a plot of roughly 0.129 of an acre, or 523m². The below map shows the location of LAVENDER COTTAGE, 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 LAVENDER COTTAGE). 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 LAVENDER COTTAGE?

LAVENDER COTTAGE is located on DYMCHURCH ROAD in NEW ROMNEY, in the TN28 postcode district. The below map shows the position of LAVENDER COTTAGE on DYMCHURCH ROAD.