5, LOWER CORNICHE, HYTHE, CT21 5TP - £245,000

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.

5 LOWER CORNICHE is a large terraced house of 95m², built sometime from 2007 onwards, which could now be worth an estimated £501,117. It was last sold for £245,000 in February 2005, which was around 81% above the average February 2005 terraced price in the Folkestone and Hythe local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was B.

5 LOWER CORNICHE Sold Prices

Land registry data shows one sale for 5 LOWER CORNICHE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced price in the Folkestone and Hythe local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2005 4 FEB	£245,000	£135,276	81% above HPI

What might 5 LOWER CORNICHE be worth now?

5 LOWER CORNICHE might now be worth an estimated £501,117.

This is based on house price inflation of 104.5%, between February 2005 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 104.5% inflationary increase is applied to the most recent sale price for 5 LOWER CORNICHE of £245,000 on 4th February 2005. For the value to have increased from £245,000 to £501,117 over the twenty years and nine months to May 2026, the following assumptions must hold true:

• The value of 5 LOWER CORNICHE has moved in line with the HPI for terraced houses in the Folkestone and Hythe local authority area.
• The February 2005 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LOWER CORNICHE has not materially changed since February 2005.

How Large is 5 LOWER CORNICHE?

5 LOWER CORNICHE is 95m² according to the EPC inspection conducted in November 2014. This puts it in the largest 40% of terraced houses in Folkestone, based on EPC data. The below chart shows the distribution of terraced houses by size in Folkestone, and where 5 LOWER CORNICHE lies on this distribution: 62% of terraced houses are smaller than 5 LOWER CORNICHE, and 37% of terraced houses are larger. Note that EPC data is not available for all properties in Folkestone.

5 LOWER CORNICHE: Plot

5 LOWER CORNICHE sits on a plot of roughly 0.270 of an acre, or 1,094m².

Where is 5 LOWER CORNICHE?

5 LOWER CORNICHE is located in HYTHE, in the CT21 postcode district.