MONTROSE, SPITALFIELD LANE, NEW ROMNEY, TN28 8HQ - £550,000

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

MONTROSE is a small detached house of 107m², built sometime between 1950 and 1966. It was last sold for £550,000 in February 2022, which was around 5% above the average February 2022 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was B.

MONTROSE Sold Prices

Land registry data shows two sales for MONTROSE 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 MONTROSE 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 4 FEB	£550,000	£524,904	5% above HPI
2001 14 SEP	£155,000	£150,321	3% above HPI

MONTROSE 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 MONTROSE sales from September 2001 and February 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 September 2001 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the February 2022 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is MONTROSE?

MONTROSE is 107m² according to the EPC inspection conducted in April 2021. 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 MONTROSE lies on this distribution: 36% of detached houses are smaller than MONTROSE, and 64% of houses are larger. Note that EPC data is not available for all properties in New Romney.

MONTROSE: Plot and Title Map

MONTROSE sits on a plot of roughly 0.174 of an acre, or 704m². The below map shows the location of MONTROSE, 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 MONTROSE). 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 MONTROSE?

MONTROSE is located on SPITALFIELD LANE in NEW ROMNEY, in the TN28 postcode district. The below map shows the position of MONTROSE on SPITALFIELD LANE.