7, GHALE WAY, FOLKESTONE, CT20 3FP - £430,000

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.

7 GHALE WAY is a small detached house of 100m², built in 2017, which could now be worth an estimated £426,476. It was last sold for £430,000 in April 2022, which was around 21% below the average April 2022 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was March 2017, where the current energy rating was B, and the potential energy rating was A.

7 GHALE WAY Sold Prices

Land registry data shows two sales for 7 GHALE 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. Both of the two 7 GHALE WAY 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
2022 7 APR	£430,000	£545,225	21% below HPI
2017 5 MAY	£292,500	£399,670	27% below HPI

7 GHALE 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 7 GHALE WAY sales from May 2017 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 May 2017 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the April 2022 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 7 GHALE WAY be worth now?

7 GHALE WAY might now be worth an estimated £426,476.

This is based on house price deflation of 0.8%, between April 2022 and May 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 0.8% deflationary decrease is applied to the most recent sale price for 7 GHALE WAY of £430,000 on 7th April 2022. For the value to have decreased from £430,000 to £426,476 over the three years and eleven months to May 2026, the following assumptions must hold true:

• The value of 7 GHALE 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 £430,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GHALE WAY has not materially changed since April 2022.

How Large is 7 GHALE WAY?

7 GHALE WAY is 100m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 30% of detached houses houses in Folkestone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Folkestone, and where 7 GHALE WAY lies on this distribution: 27% of detached houses houses are smaller than 7 GHALE WAY, and 72% of houses are larger. Note that EPC data is not available for all properties in Folkestone.

7 GHALE WAY: Plot and Title Map

7 GHALE WAY sits on a plot of roughly 6.1 acres, or 24,752m². The below map shows the location of 7 GHALE 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 7 GHALE 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 7 GHALE WAY?

7 GHALE WAY is located in FOLKESTONE, in the CT20 postcode district. The below map shows the position of No. 7 on GHALE WAY.