12, WELLS CLOSE, NEW ROMNEY, TN28 8XS - £240,000

12 WELLS CLOSE is a very small detached house of 54m², built sometime between 1983 and 1990. It was last sold for £240,000 in July 2023, which was around 56% below the average July 2023 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

12 WELLS CLOSE Sold Prices

Land registry data shows five sales for 12 WELLS CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. All of the five 12 WELLS CLOSE 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
2023 21 JUL	£240,000	£542,567	56% below HPI
2018 19 OCT	£197,000	£425,719	54% below HPI
2006 12 MAY	£136,000	£273,426	50% below HPI
2003 14 APR	£110,000	£216,894	49% below HPI
1999 28 MAY	£54,000	£105,667	49% below HPI

12 WELLS CLOSE 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 five 12 WELLS CLOSE sales between May 1999 and July 2023 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 October 2018 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the July 2023 sale, where it falls to 56% below the HPI. The line then continues to track at 56% below the HPI.

How Large is 12 WELLS CLOSE?

12 WELLS CLOSE is 54m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% 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 12 WELLS CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 12 WELLS CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in New Romney.

12 WELLS CLOSE: Plot and Title Map

12 WELLS CLOSE sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 12 WELLS CLOSE, 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 12 WELLS CLOSE). 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 12 WELLS CLOSE?

12 WELLS CLOSE is located in NEW ROMNEY, in the TN28 postcode district. The below map shows the position of No. 12 on WELLS CLOSE.