WESSEX, STONE STREET, LYMPNE, HYTHE, CT21 4JP - £465,000

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.

WESSEX is a very large extended detached house of 137m², built sometime between 1930 and 1949, which could now be worth an estimated £579,616. It was last sold for £465,000 in May 2018, which was around 10% above the average May 2018 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

WESSEX Sold Prices

Land registry data shows two sales for WESSEX 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 WESSEX sales was for above the average price, whilst the other was 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
2018 29 MAY	£465,000	£423,449	10% above HPI
1998 12 JUN	£104,995	£107,227	2% below HPI

WESSEX 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 WESSEX sales from June 1998 and May 2018 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 June 1998 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the May 2018 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might WESSEX be worth now?

WESSEX might now be worth an estimated £579,616.

This is based on house price inflation of 24.6%, between May 2018 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 24.6% inflationary increase is applied to the most recent sale price for WESSEX of £465,000 on 29th May 2018. For the value to have increased from £465,000 to £579,616 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of WESSEX has moved in line with the HPI for detached houses in the Folkestone and Hythe local authority area.
• The May 2018 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of WESSEX has not materially changed since May 2018.

How Large is WESSEX?

WESSEX is 137m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the largest 20% of detached houses houses in Lympne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lympne, and where WESSEX lies on this distribution: 81% of detached houses houses are smaller than WESSEX, and 19% of houses are larger. Note that EPC data is not available for all properties in Lympne.

WESSEX: Plot and Title Map

WESSEX sits on a plot of roughly 0.186 of an acre, or 751m². The below map shows the location of WESSEX, 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 WESSEX). 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 WESSEX?

WESSEX is located on STONE STREET in LYMPNE, in the CT21 postcode district. The below map shows the position of WESSEX on STONE STREET.