2, The Paddocks 27
2, The Paddocks 27
Description & Estimates
2, The Paddocks 27, Hythe appears in the public record as a leasehold apartment.
We estimate it to be a modern apartment with 1,143 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of 2, The Paddocks 27, Hythe is £401,351 and its rental estimate is £1,001 per month, given the available information and assuming reasonable condition.
The Paddocks, Prospect Road is a residential building on Prospect Road, Hythe, CT21 and falls within the CT21 postal district and the borough of Folkestone and Hythe.
Our Data Sources
2, The Paddocks 27, Hythe has a single entry in the Land Registry from May 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, The Paddocks 27, Hythe, we estimate a market value of £421,419 and a rental value of £1,051 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £373,257 and £931 per month respectively.
Recent Market Change
Over the last year, 2, The Paddocks 27, Hythe has seen its estimated sale value decrease by £24,623 (6.1%) and its estimated rental value grow by £2 per month (0.2%). This results in an estimated gross rental yield of 3.0%.
Sold Prices
The most recent sale of 2, The Paddocks 27, Hythe completed on 26th May 2021 at £465,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 20.5% over the period since May 2021.
- Sold May 2021£465,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, The Paddocks 27, Hythe have sold within a radius of 520 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th February 2022, was 7, The Paddocks 27, Prospect Road, Hythe, CT21 5FH, a leasehold flat which sold for £450,000.
Read more about house prices in CT21.
- Sold Feb 2022£450,000 | 3 Bed FlatThe Paddocks 27, Prospect Road7, The Paddocks 27, Prospect Road, Hythe, CT21 5FH
- Sold Sep 2021£435,000 | 3 Bed FlatThe Paddocks 27, Prospect Road4, The Paddocks 27, Prospect Road, Hythe, CT21 5FH
- Sold Jun 2021£413,600 | 3 Bed FlatThe Paddocks 27, Prospect Road1, The Paddocks 27, Prospect Road, Hythe, CT21 5FH
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 51 addresses on Prospect Road, Hythe, CT21, 2, The Paddocks 27, Hythe comes out as the 11th largest and the 20th most expensive in our analysis of the public data.
It is also £3k less expensive than the average property across the CT21 district.
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Schools Nearby
- 600mHythe Bay CofE Primary School
- 1.2kmSaltwood CofE Primary School
- 1.3kmSt Augustine's Catholic Primary School
- 1.8kmBrockhill Park Performing Arts College
- 4.7kmThe Folkestone School for Girls
- 4.9kmTurner Free School
More reading links
Public Transport Nearby
From 2, The Paddocks 27, Hythe, the nearest station is Sandling, 2.6 kilometres away.
- 2.6kmSandling
- 4.3kmWestenhanger
- 5.0kmFolkestone West
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
