PERSEUS, DYMCHURCH ROAD, NEW ROMNEY, TN28 8UF - £305,000

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

PERSEUS is a midsized extended detached house of 113m², built sometime between 1930 and 1949. It was last sold for £305,000 in February 2017, which was around 21% below the average February 2017 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was C.

PERSEUS Sold Prices

Land registry data shows three sales for PERSEUS 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 PERSEUS 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
2017 16 FEB	£305,000	£385,688	21% below HPI
2007 6 JUL	£250,000	£294,781	15% below HPI
2005 28 OCT	£200,000	£262,574	24% below HPI

PERSEUS 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 PERSEUS sales between October 2005 and February 2017 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 July 2007 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the February 2017 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is PERSEUS?

PERSEUS is 113m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the smallest 50% 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 PERSEUS lies on this distribution: 41% of detached houses are smaller than PERSEUS, and 58% of houses are larger. Note that EPC data is not available for all properties in New Romney.

PERSEUS: Plot and Title Map

PERSEUS sits on a plot of roughly 0.113 of an acre, or 456m². The below map shows the location of PERSEUS, 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 PERSEUS). 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 PERSEUS?

PERSEUS is located on DYMCHURCH ROAD in NEW ROMNEY, in the TN28 postcode district. The below map shows the position of PERSEUS on DYMCHURCH ROAD.