RUNNYMEDE, CHURCH LANE, NEW ROMNEY, TN28 8ES - £315,000

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

RUNNYMEDE is a very small extended detached house of 91m², built sometime between 1930 and 1949. It was last sold for £315,000 in March 2017, which was around 18% below the average March 2017 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was October 2016, where the current energy rating was E, and the potential energy rating was B.

RUNNYMEDE Sold Prices

Land registry data shows two sales for RUNNYMEDE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. One of the two RUNNYMEDE sales was for below the average price, whilst the other was roughly equal to 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 17 MAR	£315,000	£382,412	18% below HPI
2005 28 JUL	£265,000	£265,530	Close to HPI

RUNNYMEDE 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 two RUNNYMEDE sales from July 2005 and March 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 2005 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2017 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is RUNNYMEDE?

RUNNYMEDE is 91m², which includes one extension, according to the EPC inspection conducted in October 2016. 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 RUNNYMEDE lies on this distribution: 19% of detached houses are smaller than RUNNYMEDE, and 80% of houses are larger. Note that EPC data is not available for all properties in New Romney.

RUNNYMEDE: Plot and Title Map

RUNNYMEDE sits on a plot of roughly 0.166 of an acre, or 672m². The below map shows the location of RUNNYMEDE, 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 RUNNYMEDE). 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 RUNNYMEDE?

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