9, SPENCE CLOSE, HAWKINGE, FOLKESTONE, CT18 7NZ - £265,000

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.

9 SPENCE CLOSE is a very small semi-detached house of 66m², built sometime between 1996 and 2002, which could now be worth an estimated £315,081. It was last sold for £265,000 in March 2021, which was around 10% below the average March 2021 semi-detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was B.

9 SPENCE CLOSE Sold Prices

Land registry data shows four sales for 9 SPENCE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Folkestone and Hythe local authority area for the corresponding sale date. Most of the four 9 SPENCE 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
2021 29 MAR	£265,000	£292,917	10% below HPI
2015 20 MAY	£208,000	£213,376	3% below HPI
2006 23 OCT	£168,500	£186,411	10% below HPI
1997 18 DEC	£75,200	£61,620	22% above HPI

9 SPENCE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Folkestone and Hythe local authority area over time, sourced from the HPI. The four 9 SPENCE CLOSE sales between December 1997 and March 2021 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 2015 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2021 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 9 SPENCE CLOSE be worth now?

9 SPENCE CLOSE might now be worth an estimated £315,081.

This is based on house price inflation of 18.9%, between March 2021 and May 2026, for semi-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 18.9% inflationary increase is applied to the most recent sale price for 9 SPENCE CLOSE of £265,000 on 29th March 2021. For the value to have increased from £265,000 to £315,081 over the four years and ten months to May 2026, the following assumptions must hold true:

• The value of 9 SPENCE CLOSE has moved in line with the HPI for semi-detached houses in the Folkestone and Hythe local authority area.
• The March 2021 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 9 SPENCE CLOSE has not materially changed since March 2021.

How Large is 9 SPENCE CLOSE?

9 SPENCE CLOSE is 66m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 10% of semi-detached houses houses in Hawkinge, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Hawkinge, and where 9 SPENCE CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 9 SPENCE CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Hawkinge.

9 SPENCE CLOSE: Plot and Title Map

9 SPENCE CLOSE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 9 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 9 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 9 SPENCE CLOSE?

9 SPENCE CLOSE is located in HAWKINGE, in the CT18 postcode district. The below map shows the position of No. 9 on SPENCE CLOSE.