4, PIXIE WAY, NEW ROMNEY, TN28 8FS - £510,000

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.

4 PIXIE WAY is a large detached house of 134m², built in 2014, which could now be worth an estimated £499,481. It was last sold for £510,000 in April 2022, which was around 6% below the average April 2022 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was April 2019, where the current energy rating was B, and the potential energy rating was A.

4 PIXIE WAY Sold Prices

Land registry data shows two sales for 4 PIXIE WAY 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 4 PIXIE WAY 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
2022 29 APR	£510,000	£545,225	6% below HPI
2020 14 AUG	£445,000	£444,887	Close to HPI

4 PIXIE WAY 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 4 PIXIE WAY sales from August 2020 and April 2022 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 August 2020 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the April 2022 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 4 PIXIE WAY be worth now?

4 PIXIE WAY might now be worth an estimated £499,481.

This is based on house price deflation of 2.1%, between April 2022 and April 2026, 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 2.1% deflationary decrease is applied to the most recent sale price for 4 PIXIE WAY of £510,000 on 29th April 2022. For the value to have decreased from £510,000 to £499,481 over the four years to April 2026, the following assumptions must hold true:

• The value of 4 PIXIE WAY has moved in line with the HPI for detached houses in the Folkestone and Hythe local authority area.
• The April 2022 sale price of £510,000 represented a fair market value for the property.
• The size, condition, and specification of 4 PIXIE WAY has not materially changed since April 2022.

How Large is 4 PIXIE WAY?

4 PIXIE WAY is 134m² according to the EPC inspection conducted in April 2019. This puts it in the largest 30% of detached houses houses in New Romney, based on EPC data. The below chart shows the distribution of detached houses houses by size in New Romney, and where 4 PIXIE WAY lies on this distribution: 66% of detached houses houses are smaller than 4 PIXIE WAY, and 29% of houses are larger. Note that EPC data is not available for all properties in New Romney.

4 PIXIE WAY: Plot and Title Map

4 PIXIE WAY sits on a plot of roughly 0.100 of an acre, or 404m². The below map shows the location of 4 PIXIE WAY, 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 4 PIXIE WAY). 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 4 PIXIE WAY?

4 PIXIE WAY is located in NEW ROMNEY, in the TN28 postcode district. The below map shows the position of No. 4 on PIXIE WAY.