REDLEIF, CHURCH LANE, NEW ROMNEY, TN28 8ES - £210,000

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

REDLEIF is a very small detached house of 65m², built sometime between 1930 and 1949. It was last sold for £210,000 in December 2014, which was around 35% below the average December 2014 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was July 2014, where the current energy rating was E, and the potential energy rating was C.

REDLEIF Sold Prices

Land registry data shows four sales for REDLEIF since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. All of the four REDLEIF 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
2014 4 DEC	£210,000	£324,505	35% below HPI
2011 4 NOV	£159,000	£272,942	42% below HPI
2002 23 APR	£116,500	£164,848	29% below HPI
2000 20 MAR	£15,000	£123,899	88% below HPI

REDLEIF 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 four REDLEIF sales between March 2000 and December 2014 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 November 2011 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the December 2014 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is REDLEIF?

REDLEIF is 65m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 10% 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 REDLEIF lies on this distribution: 1% of detached houses are smaller than REDLEIF, and 99% of houses are larger. Note that EPC data is not available for all properties in New Romney.

REDLEIF: Plot and Title Map

REDLEIF sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of REDLEIF, 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 REDLEIF). 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 REDLEIF?

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