ROME COTTAGE, ROME ROAD, NEW ROMNEY, TN28 8DN - £208,000

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

ROME COTTAGE is a very small extended detached house of 87m², built sometime before 1900. It was last sold for £208,000 in November 2019, which was around 52% below the average November 2019 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was C.

ROME COTTAGE Sold Prices

Land registry data shows five sales for ROME COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. All of the five ROME COTTAGE 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
2019 15 NOV	£208,000	£433,878	52% below HPI
2019 23 AUG	£208,000	£418,410	50% below HPI
2016 26 AUG	£200,000	£382,162	48% below HPI
2001 11 DEC	£135,000	£161,022	16% below HPI
1997 12 MAY	£57,500	£88,080	35% below HPI

ROME COTTAGE 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 five ROME COTTAGE sales between May 1997 and November 2019 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 August 2019 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the November 2019 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is ROME COTTAGE?

ROME COTTAGE is 87m², which includes two extensions, according to the EPC inspection conducted in February 2018. This puts it in the smallest 20% 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 ROME COTTAGE lies on this distribution: 12% of detached houses are smaller than ROME COTTAGE, and 85% of houses are larger. Note that EPC data is not available for all properties in New Romney.

ROME COTTAGE: Plot and Title Map

ROME COTTAGE sits on a plot of roughly 0.025 of an acre, or 103m². The below map shows the location of ROME COTTAGE, 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 ROME COTTAGE). 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 ROME COTTAGE?

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