LITTLE GEM, EASTERN ROAD, LYDD, ROMNEY MARSH, TN29 9EQ - £168,000

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.

LITTLE GEM is a small extended terraced house of 78m², built sometime between 1950 and 1966, which could now be worth an estimated £307,153. It was last sold for £168,000 in December 2006, which was around 11% above the average December 2006 terraced price in the Folkestone and Hythe local authority area. The most recent EPC inspection was May 2014, where the current energy rating was E, and the potential energy rating was B.

LITTLE GEM Sold Prices

Land registry data shows three sales for LITTLE GEM since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Folkestone and Hythe local authority area for the corresponding sale date. All of the three LITTLE GEM sales were for 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
2006 1 DEC	£168,000	£151,338	11% above HPI
2004 21 MAY	£139,995	£119,342	17% above HPI
2001 16 FEB	£75,000	£59,321	26% above HPI

LITTLE GEM 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 three LITTLE GEM sales between February 2001 and December 2006 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 2004 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the December 2006 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might LITTLE GEM be worth now?

LITTLE GEM might now be worth an estimated £307,153.

This is based on house price inflation of 82.8%, between December 2006 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 82.8% inflationary increase is applied to the most recent sale price for LITTLE GEM of £168,000 on 1st December 2006. For the value to have increased from £168,000 to £307,153 over the twenty years and seven months to May 2026, the following assumptions must hold true:

• The value of LITTLE GEM has moved in line with the HPI for terraced houses in the Folkestone and Hythe local authority area.
• The December 2006 sale price of £168,000 represented a fair market value for the property.
• The size, condition, and specification of LITTLE GEM has not materially changed since December 2006.

How Large is LITTLE GEM?

LITTLE GEM is 78m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the smallest 30% of terraced houses houses in Lydd, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Lydd, and where LITTLE GEM lies on this distribution: 25% of terraced houses houses are smaller than LITTLE GEM, and 74% of houses are larger. Note that EPC data is not available for all properties in Lydd.

LITTLE GEM: Plot and Title Map

LITTLE GEM sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of LITTLE GEM, 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 LITTLE GEM). 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 LITTLE GEM?

LITTLE GEM is located on EASTERN ROAD in LYDD, in the TN29 postcode district. The below map shows the position of LITTLE GEM on EASTERN ROAD.