8, SPENCE CLOSE, HAWKINGE, FOLKESTONE, CT18 7NZ - £252,500

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.

8 SPENCE CLOSE is a very small terraced house of 58m², built sometime between 1996 and 2002, which could now be worth an estimated £264,271. It was last sold for £252,500 in August 2024, which was around 4% below the average August 2024 terraced price in the Folkestone and Hythe local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was B.

8 SPENCE CLOSE Sold Prices

Land registry data shows six sales for 8 SPENCE CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Folkestone and Hythe local authority area for the corresponding sale date. The six 8 SPENCE CLOSE sales were a mix of below the average price, roughly equal to the average price, and 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
2024 30 AUG	£252,500	£264,366	4% below HPI
2020 7 SEP	£220,000	£223,551	2% below HPI
2013 20 DEC	£149,000	£151,262	1% below HPI
2006 12 JUL	£145,000	£145,244	Close to HPI
2002 19 APR	£82,000	£74,750	10% above HPI
1998 17 JUN	£63,000	£48,431	30% above HPI

8 SPENCE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Folkestone and Hythe local authority area over time, sourced from the HPI. The six 8 SPENCE CLOSE sales between June 1998 and August 2024 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 2020 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the August 2024 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 8 SPENCE CLOSE be worth now?

8 SPENCE CLOSE might now be worth an estimated £264,271.

This is based on house price inflation of 4.7%, between August 2024 and May 2026, for terraced 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 4.7% inflationary increase is applied to the most recent sale price for 8 SPENCE CLOSE of £252,500 on 30th August 2024. For the value to have increased from £252,500 to £264,271 over the two years and three months to May 2026, the following assumptions must hold true:

• The value of 8 SPENCE CLOSE has moved in line with the HPI for terraced houses in the Folkestone and Hythe local authority area.
• The August 2024 sale price of £252,500 represented a fair market value for the property.
• The size, condition, and specification of 8 SPENCE CLOSE has not materially changed since August 2024.

How Large is 8 SPENCE CLOSE?

8 SPENCE CLOSE is 58m² according to the EPC inspection conducted in November 2023. This puts it in the smallest 10% of terraced houses houses in Hawkinge, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Hawkinge, and where 8 SPENCE CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 8 SPENCE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Hawkinge.

8 SPENCE CLOSE: Plot and Title Map

8 SPENCE CLOSE sits on a plot of roughly 0.044 of an acre, or 179m². The below map shows the location of 8 SPENCE 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 8 SPENCE 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 8 SPENCE CLOSE?

8 SPENCE CLOSE is located in HAWKINGE, in the CT18 postcode district. The below map shows the position of No. 8 on SPENCE CLOSE.