ROMNEY POINT, POINT HILL, RYE, TN31 7NP - £500,000

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

ROMNEY POINT is a small extended detached house of 94m², built sometime between 1900 and 1929. It was last sold for £500,000 in November 2011, which was around 61% above the average November 2011 detached price in the Rother local authority area. The most recent EPC inspection was May 2011, where the current energy rating was E, and the potential energy rating was D.

ROMNEY POINT Sold Prices

Land registry data shows two sales for ROMNEY POINT since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rother local authority area for the corresponding sale date. Both of the two ROMNEY POINT sales were for above 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
2011 4 NOV	£500,000	£311,079	61% above HPI
2008 14 JUL	£380,000	£319,879	19% above HPI

ROMNEY POINT Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rother local authority area over time, sourced from the HPI. The two ROMNEY POINT sales from July 2008 and November 2011 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 2008 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the November 2011 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

How Large is ROMNEY POINT?

ROMNEY POINT is 94m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the smallest 30% of detached houses in Rye, based on EPC data. The below chart shows the distribution of detached houses by size in Rye, and where ROMNEY POINT lies on this distribution: 23% of detached houses are smaller than ROMNEY POINT, and 77% of houses are larger. Note that EPC data is not available for all properties in Rye.

ROMNEY POINT: Plot and Title Map

ROMNEY POINT sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of ROMNEY POINT, 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 ROMNEY POINT). 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 ROMNEY POINT?

ROMNEY POINT is located on POINT HILL in RYE, in the TN31 postcode district. The below map shows the position of ROMNEY POINT on POINT HILL.