MORASTEEN, BARTON FIELD, LYMINGE, FOLKESTONE, CT18 8EX - £325,000

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.

MORASTEEN is a small extended detached house of 83m², built sometime between 1950 and 1966, which could now be worth an estimated £565,291. It was last sold for £325,000 in March 2014, which was around 5% above the average March 2014 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

MORASTEEN Sold Prices

Land registry data shows two sales for MORASTEEN 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 MORASTEEN 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
2014 7 MAR	£325,000	£310,895	5% above HPI
1999 18 MAR	£127,000	£109,387	16% above HPI

MORASTEEN 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 MORASTEEN sales from March 1999 and March 2014 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 March 1999 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the March 2014 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might MORASTEEN be worth now?

MORASTEEN might now be worth an estimated £565,291.

This is based on house price inflation of 73.9%, between March 2014 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 73.9% inflationary increase is applied to the most recent sale price for MORASTEEN of £325,000 on 7th March 2014. For the value to have increased from £325,000 to £565,291 over the eleven years and ten months to May 2026, the following assumptions must hold true:

• The value of MORASTEEN has moved in line with the HPI for detached houses in the Folkestone and Hythe local authority area.
• The March 2014 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of MORASTEEN has not materially changed since March 2014.

How Large is MORASTEEN?

MORASTEEN is 83m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the smallest 30% of detached houses in Lyminge, based on EPC data. The below chart shows the distribution of detached houses by size in Lyminge, and where MORASTEEN lies on this distribution: 27% of detached houses are smaller than MORASTEEN, and 72% of detached houses are larger. Note that EPC data is not available for all properties in Lyminge.