THE STUDIO COTTAGE, CANTERBURY ROAD, ETCHINGHILL, FOLKESTONE, CT18 8DE - £325,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE STUDIO COTTAGE is a very small extended detached house of 72m², built sometime between 2003 and 2006, which could now be worth an estimated £368,596. It was last sold for £325,000 in February 2021, which was around 30% below the average February 2021 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was October 2008, where the current energy rating was C, and the potential energy rating was C.

THE STUDIO COTTAGE Sold Prices

Land registry data shows four sales for THE STUDIO COTTAGE 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. Most of the four THE STUDIO 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
2021 11 FEB	£325,000	£465,394	30% below HPI
2013 5 DEC	£209,000	£299,675	30% below HPI
2006 26 JUN	£215,000	£282,457	24% below HPI
2004 1 APR	£485,000	£251,107	93% above HPI

THE STUDIO 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 four THE STUDIO COTTAGE sales between April 2004 and February 2021 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 December 2013 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2021 sale, which was also at 30% below the HPI.

What might THE STUDIO COTTAGE be worth now?

THE STUDIO COTTAGE might now be worth an estimated £368,596.

This is based on house price inflation of 13.4%, between February 2021 and February 2025, for detached houses, in the Folkestone and Hythe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.4% inflationary increase is applied to the most recent sale price for THE STUDIO COTTAGE of £325,000 on 11th February 2021. For the value to have increased from £325,000 to £368,596 over the four years to February 2025, the following assumptions must hold true:

• The value of THE STUDIO COTTAGE has moved in line with the HPI for detached houses in the Folkestone and Hythe local authority area.
• The February 2021 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of THE STUDIO COTTAGE has not materially changed since February 2021.

How Large is THE STUDIO COTTAGE?

THE STUDIO COTTAGE is 72m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the smallest 10% of detached houses houses in Etchinghill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Etchinghill, and where THE STUDIO COTTAGE lies on this distribution: 8% of detached houses houses are smaller than THE STUDIO COTTAGE, and 92% of houses are larger. Note that EPC data is not available for all properties in Etchinghill.

THE STUDIO COTTAGE: Plot and Title Map

THE STUDIO COTTAGE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of THE STUDIO 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 THE STUDIO 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 THE STUDIO COTTAGE?

THE STUDIO COTTAGE is located on CANTERBURY ROAD in ETCHINGHILL, in the CT18 postcode district. The below map shows the position of THE STUDIO COTTAGE on CANTERBURY ROAD.