PROSPER, EASTERN ROAD, LYDD, ROMNEY MARSH, TN29 9EQ - £287,500

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.

PROSPER is a large extended detached house of 114m², built sometime between 1983 and 1990, which could now be worth an estimated £344,552. It was last sold for £287,500 in May 2020, which was around 35% below the average May 2020 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

PROSPER Sold Prices

Land registry data shows three sales for PROSPER since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. All of the three PROSPER 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
2020 13 MAY	£287,500	£445,562	35% below HPI
2016 25 OCT	£199,950	£395,850	49% below HPI
2008 14 JAN	£182,000	£321,876	43% below HPI

PROSPER 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 three PROSPER sales between January 2008 and May 2020 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 October 2016 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the May 2020 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might PROSPER be worth now?

PROSPER might now be worth an estimated £344,552.

This is based on house price inflation of 19.8%, between May 2020 and April 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 19.8% inflationary increase is applied to the most recent sale price for PROSPER of £287,500 on 13th May 2020. For the value to have increased from £287,500 to £344,552 over the six years and one month to April 2026, the following assumptions must hold true:

• The value of PROSPER has moved in line with the HPI for detached houses in the Folkestone and Hythe local authority area.
• The May 2020 sale price of £287,500 represented a fair market value for the property.
• The size, condition, and specification of PROSPER has not materially changed since May 2020.

How Large is PROSPER?

PROSPER is 114m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the largest 30% of detached houses houses in Lydd, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lydd, and where PROSPER lies on this distribution: 68% of detached houses houses are smaller than PROSPER, and 30% of houses are larger. Note that EPC data is not available for all properties in Lydd.

PROSPER: Plot and Title Map

PROSPER sits on a plot of roughly 0.047 of an acre, or 192m². The below map shows the location of PROSPER, 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 PROSPER). 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 PROSPER?

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