MINDARIE, PALMARSH CRESCENT, HYTHE, CT21 6NG - £552,000

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.

MINDARIE is a large extended detached house of 173m², built sometime between 1996 and 2002, which could now be worth an estimated £522,071. It was last sold for £552,000 in October 2022, which was around 1% below the average October 2022 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

MINDARIE Sold Prices

Land registry data shows five sales for MINDARIE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. Most of the five MINDARIE 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
2022 27 OCT	£552,000	£558,082	1% below HPI
2021 4 FEB	£479,950	£465,394	3% above HPI
2015 10 JUL	£320,000	£341,232	6% below HPI
2004 10 AUG	£310,000	£270,530	15% above HPI
2001 24 AUG	£182,000	£155,550	17% above HPI

MINDARIE 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 five MINDARIE sales between August 2001 and October 2022 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 February 2021 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the October 2022 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might MINDARIE be worth now?

MINDARIE might now be worth an estimated £522,071.

This is based on house price deflation of 5.4%, between October 2022 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 5.4% deflationary decrease is applied to the most recent sale price for MINDARIE of £552,000 on 27th October 2022. For the value to have decreased from £552,000 to £522,071 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of MINDARIE has moved in line with the HPI for detached houses in the Folkestone and Hythe local authority area.
• The October 2022 sale price of £552,000 represented a fair market value for the property.
• The size, condition, and specification of MINDARIE has not materially changed since October 2022.

How Large is MINDARIE?

MINDARIE is 173m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the largest 30% 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 MINDARIE lies on this distribution: 79% of detached houses houses are smaller than MINDARIE, and 21% of houses are larger. Note that EPC data is not available for all properties in Hythe.

MINDARIE: Plot and Title Map

MINDARIE sits on a plot of roughly 0.108 of an acre, or 436m². The below map shows the location of MINDARIE, 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 MINDARIE). 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 MINDARIE?

MINDARIE is located on PALMARSH CRESCENT in HYTHE, in the CT21 postcode district. The below map shows the position of MINDARIE on PALMARSH CRESCENT.