PARNASSUS, TEDDARS LEAS ROAD, ETCHINGHILL, FOLKESTONE, CT18 8DA - £775,000

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

PARNASSUS is a very large extended detached house of 216m², built sometime between 1930 and 1949. It was last sold for £775,000 in January 2022, which was around 52% above the average January 2022 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was C.

PARNASSUS Sold Prices

Land registry data shows two sales for PARNASSUS 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 PARNASSUS 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 12 JAN	£775,000	£509,762	52% above HPI
2001 12 APR	£237,500	£142,801	66% above HPI

PARNASSUS 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 PARNASSUS sales from April 2001 and January 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 April 2001 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the January 2022 sale, where it falls to 52% above the HPI. The line then continues to track at 52% above the HPI.

How Large is PARNASSUS?

PARNASSUS is 216m², which includes two extensions, according to the EPC inspection conducted in December 2021. This puts it in the largest 10% of detached houses in Etchinghill, based on EPC data. The below chart shows the distribution of detached houses by size in Etchinghill, and where PARNASSUS lies on this distribution: 94% of detached houses are smaller than PARNASSUS, and 6% of houses are larger. Note that EPC data is not available for all properties in Etchinghill.

PARNASSUS: Plot and Title Map

PARNASSUS sits on a plot of roughly 0.248 of an acre, or 1,004m². The below map shows the location of PARNASSUS, 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 PARNASSUS). 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 PARNASSUS?

PARNASSUS is located on TEDDARS LEAS ROAD in ETCHINGHILL, in the CT18 postcode district. The below map shows the position of PARNASSUS on TEDDARS LEAS ROAD.