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Folkestone House Prices Folkestone House Prices

The average house price in Folkestone is £330,023 using HM Land Registry data.

The average property price increased by £53,657 (19.96%) over the last 5 years and increased by £10,751 (3.45%) over the last 12 months.

Over the last year, there were 561 residential property sales – a decrease of 182 transactions (-32.44%) relative to the previous year. The majority of house sales (155) were in the £198,000 - £266,000 range. Then came properties in the £266,000 - £334,000 range, where 124 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 142 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,490 (-2%).

In Dec 24, there were 91 new estate agency instructions, 61 agreed home sales and 54 property price reductions.

Neighbouring Areas: Hythe

Postcodes Covered: CT18, CT19, CT20, CT21

5-Year Average Property Prices in Folkestone

19.96%

Property prices in Folkestone increased by 19.96% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Folkestone Over the Last Year

3.45%

Property prices in Folkestone increased by 3.45% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Folkestone - Dec 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Folkestone

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Folkestone

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Folkestone

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Folkestone since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Folkestone area since 1995.

Recent Property Sales in Folkestone

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
90 Lynwood, Folkestone, Kent, CT19 5DD£279,995£275,000-£4,99516 Jul 202418 Nov 2024125 Days
10 Walton Manor Close, Folkestone, Kent, CT19 5QG£305,000£290,000-£15,00009 Jul 202415 Nov 2024129 Days
70 Risborough Lane, Folkestone, Kent, CT20 3JT£285,000£272,500-£12,50005 Aug 202425 Oct 202481 Days
55 Cromwell Park Place, Folkestone, Kent, CT20 3SD£295,000£290,000-£5,00002 Aug 202423 Oct 202482 Days
265 Dover Road, Folkestone, Kent, CT19 6NT£540,000£535,000-£5,00002 Jul 202421 Oct 2024111 Days
24 Quested Road, Folkestone, Kent, CT19 4BY£340,000£340,000£0002 Jul 202418 Oct 2024108 Days
8 Myrtle Road, Folkestone, Kent, CT19 6EE£200,000£180,000-£20,00012 Jun 202418 Oct 2024128 Days
16 Dunnett Road, Folkestone, Kent, CT19 4BX£300,000£293,000-£7,00019 Jul 202418 Oct 202491 Days
30 Bolton Road, Folkestone, Kent, CT19 5RX£300,000£295,000-£5,00020 Mar 202418 Oct 2024212 Days
Chilham Suite, The Grand, The Leas, Folkestone, Kent, CT20 2LR£399,950£395,000-£4,95016 Oct 202318 Oct 2024368 Days
32 Harbour Way, Folkestone, Kent, CT20 1NF£260,000£242,500-£17,50012 Jun 202418 Oct 2024128 Days
34 Morrison Road, Folkestone, Kent, CT20 1PQ£325,000£325,000£0005 Apr 202418 Oct 2024196 Days
81 Cromwell Park Place, Folkestone, Kent, CT20 3SD£200,000£195,000-£5,00003 Jun 202418 Oct 2024137 Days
34 Turketel Road, Folkestone, Kent, CT20 2NZ£900,000£900,000£0008 Apr 202427 Aug 2024141 Days
4 Hythe Close, Folkestone, Kent, CT20 3QH£285,000£274,500-£10,50025 Mar 202423 Aug 2024151 Days
55 Chalcroft Road, Folkestone, Kent, CT20 3NQ£210,000£210,000£0028 Mar 202416 Aug 2024141 Days
156 Risborough Lane, Folkestone, Kent, CT20 3LL£270,000£260,000-£10,00015 Nov 202306 Aug 2024265 Days
15 Avereng Road, Folkestone, Kent, CT19 5HT£725,000£720,000-£5,00008 Jun 202431 Jul 202453 Days
9a, Links Way, Folkestone, Kent, CT19 5LW£400,000£395,000-£5,00019 Mar 202419 Jul 2024122 Days
122 Dover Road, Folkestone, Kent, CT20 1NN£400,000£400,000£0023 Mar 202419 Jul 2024118 Days

Most Expensive Streets in Folkestone

PostcodeStreetAreaAverageNo. of Sales
CT20 3TLTemeraire HeightsFolkestone£1,122,5006
CT20 3TUShorncliffe HouseEncombe£922,60010
CT20 3TBUpper CornicheSandgate£911,6663
CT20 3RACoolinge LaneFolkestone£874,2863
CT20 3TWEnbrook HouseEncombe£872,50010
CT20 3TTMartello HouseEncombe£859,8577
CT20 3DXSeascapeThe Esplanade£820,0004
CT20 2LEPelham GardensFolkestone£810,6663
CT20 3TAThe CornicheSandgate£799,3754
CT20 3QAAudley RoadFolkestone£797,5003

Least Expensive Streets in Folkestone

PostcodeStreetAreaAverageNo. of Sales
CT20 1QBPavilion CourtMarine Terrace£65,2503
CT19 4RLStanley RoadFolkestone£70,99614
CT20 2DBPleydell CourtPleydell Gardens£84,41212
CT20 1RSEastcliffe HeightsRadnor Bridge Road£85,3378
CT20 1SHGlendaleThe Bayle£88,33315
CT20 2QZCourt PlaceFolkestone£90,10412
CT20 1LADover RoadFolkestone£91,3883
CT20 3RSHomevale HouseSandgate High Street, Sandgate£91,6656
CT20 2XAHomepine HouseSandgate Road£99,30010
CT20 2XDHomepine HouseSandgate Road£100,65313

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