VARNE, UNDERCLIFF, SANDGATE, FOLKESTONE, CT20 3AT - £400,000

VARNE is a midsized extended detached house of 120m², built sometime between 1950 and 1966. It was last sold for £400,000 in May 2012, which was around 43% above the average May 2012 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was D.

VARNE Sold Prices

Land registry data shows two sales for VARNE 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 VARNE 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
2012 1 MAY	£400,000	£279,365	43% above HPI
2001 22 FEB	£170,000	£131,838	29% above HPI

VARNE 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 VARNE sales from February 2001 and May 2012 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 February 2001 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the May 2012 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

How Large is VARNE?

VARNE is 120m², which includes one extension, according to the EPC inspection conducted in August 2011. This puts it in the smallest 50% of detached houses in Folkestone, based on EPC data. The below chart shows the distribution of detached houses by size in Folkestone, and where VARNE lies on this distribution: 41% of detached houses are smaller than VARNE, and 59% of houses are larger. Note that EPC data is not available for all properties in Folkestone.

VARNE: Plot and Title Map

VARNE sits on a plot of roughly 0.228 of an acre, or 923m². The below map shows the location of VARNE, 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 VARNE). 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 VARNE?

VARNE is located on UNDERCLIFF in SANDGATE, in the CT20 postcode district. The below map shows the position of VARNE on UNDERCLIFF.