RIDGEWOOD, NORTH LYMINGE LANE, LYMINGE, FOLKESTONE, CT18 8EE - £335,000

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.

RIDGEWOOD is a very small extended semi-detached house of 68m², built sometime between 1900 and 1929, which could now be worth an estimated £357,412. It was last sold for £335,000 in November 2021, which was around 5% above the average November 2021 semi-detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

RIDGEWOOD Sold Prices

Land registry data shows two sales for RIDGEWOOD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Folkestone and Hythe local authority area for the corresponding sale date. One of the two RIDGEWOOD sales was for above the average price, whilst the other was 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 22 NOV	£335,000	£317,548	5% above HPI
2003 12 SEP	£125,000	£144,774	14% below HPI

RIDGEWOOD 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 two RIDGEWOOD sales from September 2003 and November 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 September 2003 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2021 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might RIDGEWOOD be worth now?

RIDGEWOOD might now be worth an estimated £357,412.

This is based on house price inflation of 6.7%, between November 2021 and June 2025, 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 6.7% inflationary increase is applied to the most recent sale price for RIDGEWOOD of £335,000 on 22nd November 2021. For the value to have increased from £335,000 to £357,412 over the four years and five months to June 2025, the following assumptions must hold true:

• The value of RIDGEWOOD has moved in line with the HPI for semi-detached houses in the Folkestone and Hythe local authority area.
• The November 2021 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of RIDGEWOOD has not materially changed since November 2021.

How Large is RIDGEWOOD?

RIDGEWOOD is 68m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 20% of semi-detached houses houses in Lyminge, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lyminge, and where RIDGEWOOD lies on this distribution: 10% of semi-detached houses houses are smaller than RIDGEWOOD, and 89% of houses are larger. Note that EPC data is not available for all properties in Lyminge.

RIDGEWOOD: Plot and Title Map

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

RIDGEWOOD is located on NORTH LYMINGE LANE in LYMINGE, in the CT18 postcode district. The below map shows the position of RIDGEWOOD on NORTH LYMINGE LANE.