RIDGEWAY, HIGH STREET, LYMINGE, FOLKESTONE, CT18 8EN - £395,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

RIDGEWAY is a small extended detached house of 84m², built sometime between 1900 and 1929. It was last sold for £395,000 in November 2018, which was around 8% below the average November 2018 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

RIDGEWAY Sold Prices

Land registry data shows four sales for RIDGEWAY 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 RIDGEWAY 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
2018 21 NOV	£395,000	£428,941	8% below HPI
2011 20 SEP	£245,000	£275,098	11% below HPI
2006 12 OCT	£277,500	£281,935	2% below HPI
1995 23 FEB	£79,000	£80,118	1% below HPI

RIDGEWAY 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 RIDGEWAY sales between February 1995 and November 2018 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 2011 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the November 2018 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is RIDGEWAY?

RIDGEWAY is 84m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the smallest 40% of detached houses in Lyminge, based on EPC data. The below chart shows the distribution of detached houses by size in Lyminge, and where RIDGEWAY lies on this distribution: 30% of detached houses are smaller than RIDGEWAY, and 70% of houses are larger. Note that EPC data is not available for all properties in Lyminge.

RIDGEWAY: Plot and Title Map

RIDGEWAY sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of RIDGEWAY, 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 RIDGEWAY). 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 RIDGEWAY?

RIDGEWAY is located on HIGH STREET in LYMINGE, in the CT18 postcode district. The below map shows the position of RIDGEWAY on HIGH STREET.