LOCRUM, IANS WALK, HYTHE, CT21 5TT - £340,000

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.

LOCRUM is a midsized extended detached house of 125m², built sometime between 1983 and 1990, which could now be worth an estimated £612,890. It was last sold for £340,000 in December 2012, which was around 16% above the average December 2012 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was June 2011, where the current energy rating was C, and the potential energy rating was C.

LOCRUM Sold Prices

Land registry data shows two sales for LOCRUM 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 LOCRUM 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
2012 17 DEC	£340,000	£292,809	16% above HPI
1998 17 SEP	£159,000	£109,763	45% above HPI

LOCRUM 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 LOCRUM sales from September 1998 and December 2012 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 September 1998 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the December 2012 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might LOCRUM be worth now?

LOCRUM might now be worth an estimated £612,890.

This is based on house price inflation of 80.3%, between December 2012 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 80.3% inflationary increase is applied to the most recent sale price for LOCRUM of £340,000 on 17th December 2012. For the value to have increased from £340,000 to £612,890 over the thirteen years and ten months to February 2025, the following assumptions must hold true:

• The value of LOCRUM has moved in line with the HPI for detached houses in the Folkestone and Hythe local authority area.
• The December 2012 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of LOCRUM has not materially changed since December 2012.

How Large is LOCRUM?

LOCRUM is 125m², which includes one extension, according to the EPC inspection conducted in June 2011. This puts it in the smallest 50% of detached houses houses in Hythe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hythe, and where LOCRUM lies on this distribution: 49% of detached houses houses are smaller than LOCRUM, and 51% of houses are larger. Note that EPC data is not available for all properties in Hythe.

LOCRUM: Plot and Title Map

LOCRUM sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of LOCRUM, 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 LOCRUM). 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 LOCRUM?

LOCRUM is located on IANS WALK in HYTHE, in the CT21 postcode district. The below map shows the position of LOCRUM on IANS WALK.