7, Nearne Way
7, Nearne Way
Description & Estimates
Public records show 7, Nearne Way, Folkestone to be a modern freehold house with 850 ft2 of internal area.
In this area, houses of this size normally have 3 bedrooms with a garden.
7, Nearne Way, Folkestone has an estimated sale value of £264,652 and an estimated rental value of £1,469 per month, assuming reasonable condition and based on the information available.
Nearne Way, Folkestone, CT20 lies in the borough of Folkestone and Hythe, within the CT20 postal district.
Our Data Sources
7, Nearne Way, Folkestone has a single entry in the Land Registry from October 2022 and a single entry in the EPC database dated August 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 7, Nearne Way, Folkestone would be worth £277,884, with a potential rental value of £1,542 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £246,126, with a rental value of £1,366 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 7, Nearne Way, Folkestone has fallen by £7,599 (2.9%) over the last year. During the same period, its estimated monthly rental value has moved up by £35 (2.4%). The property's estimated gross yield is currently 6.7%.
Energy Efficiency
7, Nearne Way, Folkestone has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Aug 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
7, Nearne Way, Folkestone last changed hands on 25th October 2022, selling for £267,500. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 11.0% since October 2022.
- Sold Oct 2022£267,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 840 metres of 7, Nearne Way, Folkestone across the last 2 years.
Most recently, 9, Ellis Grove, Folkestone, CT20 3XD, a freehold house, sold at £300,995 on the 21st June 2024.
Read more about house prices in CT20.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 7, Nearne Way, Folkestone as the 41st largest and the 41st most expensive of the 48 addresses on Nearne Way, Folkestone, CT20.
Against the CT20 postcode district average, it is £23k less expensive than the typical property.
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Schools Nearby
- 900mFolkestone, St Martin's Church of England Primary School
- 1.0kmCheriton Primary School
- 1.0kmSeabrook Church of England Primary School
- 1.4kmThe Folkestone School for Girls
- 1.8kmTurner Free School
- 2.0kmThe Harvey Grammar School
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Public Transport Nearby
Folkestone West station is the nearest stop to 7, Nearne Way, Folkestone at 1.8 kilometres away.
- 1.8kmFolkestone West
- 2.7kmFolkestone Central
- 4.7kmSandling
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
