PAX, EASTERN ROAD, LYDD, ROMNEY MARSH, TN29 9EG - £125,000

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

PAX is a very small detached house of 67m², built sometime between 1983 and 1990. It was last sold for £125,000 in April 2003, which was around 42% below the average April 2003 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

PAX Sold Prices

Land registry data shows three sales for PAX since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. All of the three PAX 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
2003 25 APR	£125,000	£216,894	42% below HPI
2001 19 JAN	£66,995	£134,715	50% below HPI
1999 26 FEB	£58,000	£103,652	44% below HPI

PAX 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 three PAX sales between February 1999 and April 2003 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 January 2001 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the April 2003 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is PAX?

PAX is 67m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% of detached houses in Lydd, based on EPC data. The below chart shows the distribution of detached houses by size in Lydd, and where PAX lies on this distribution: 10% of detached houses are smaller than PAX, and 90% of houses are larger. Note that EPC data is not available for all properties in Lydd.

PAX: Plot and Title Map

PAX sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of PAX, 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 PAX). 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 PAX?

PAX is located on EASTERN ROAD in LYDD, in the TN29 postcode district. The below map shows the position of PAX on EASTERN ROAD.