TORBAY COTTAGE, SPITALFIELD LANE, NEW ROMNEY, TN28 8HQ - £305,000

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

TORBAY COTTAGE is a midsized extended detached house of 114m², built sometime between 1967 and 1975. It was last sold for £305,000 in June 2015, which was around 7% below the average June 2015 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was August 2014, where the current energy rating was E, and the potential energy rating was B.

TORBAY COTTAGE Sold Prices

Land registry data shows three sales for TORBAY COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. Two of the three TORBAY COTTAGE sales were for below the average price, whilst one was 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
2015 29 JUN	£305,000	£327,685	7% below HPI
2001 14 SEP	£167,500	£150,321	11% above HPI
1996 12 APR	£81,500	£84,793	4% below HPI

TORBAY 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 three TORBAY COTTAGE sales between April 1996 and June 2015 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 2001 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the June 2015 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is TORBAY COTTAGE?

TORBAY COTTAGE is 114m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the smallest 50% 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 TORBAY COTTAGE lies on this distribution: 43% of detached houses are smaller than TORBAY COTTAGE, and 57% of houses are larger. Note that EPC data is not available for all properties in New Romney.

TORBAY COTTAGE: Plot and Title Map

TORBAY COTTAGE sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of TORBAY 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 TORBAY 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 TORBAY COTTAGE?

TORBAY COTTAGE is located on SPITALFIELD LANE in NEW ROMNEY, in the TN28 postcode district. The below map shows the position of TORBAY COTTAGE on SPITALFIELD LANE.