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Folkestone House Prices Folkestone House Prices

The average house price in Folkestone is £278,597 using HM Land Registry data.

The average property price increased by £94,147 (39.2%) over the last 5 years and increased by £18,816 (5.96%) over the last 12 months.

Over the last year, there were 615 residential property sales – a decrease of 255 transactions (-41.46%) relative to the previous year. The majority of house sales (162) were in the £202,000 - £274,000 range. Then came properties in the £274,000 - £346,000 range, where 147 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 81 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,671 (-3%).

In April 2024, there were 154 new estate agency instructions, 105 agreed home sales and 55 property price reductions.

Neighbouring Areas: Hythe

Postcodes Covered: CT18, CT19, CT20, CT21

5-Year Average Property Prices in Folkestone

39.2%

Property prices in Folkestone increased by 39.2% 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

5.96%

Property prices in Folkestone increased by 5.96% 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 - April 2024

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
33 Military Road, Sandgate, Folkestone, Kent, CT20 3BG£445,000£426,500-£18,50020 Oct 202319 Mar 2024151 Days
75 Chart Road, Folkestone, Kent, CT19 4EW£340,000£340,000£0023 Aug 202304 Mar 2024194 Days
12 Castle Road, Sandgate, Folkestone, Kent, CT20 3AG£425,000£360,000-£65,00029 Nov 202304 Mar 202496 Days
212 Shorncliffe Road, Folkestone, Kent, CT20 3PQ£350,000£330,000-£20,00011 Aug 202329 Feb 2024202 Days
54 Narrabeen Road, Folkestone, Kent, CT19 4DF£315,000£315,000£0021 Nov 202327 Feb 202498 Days
5 Bournemouth Gardens, Folkestone, Kent, CT19 5BB£395,000£355,000-£40,00009 Oct 202323 Feb 2024137 Days
5 Military Road, Sandgate, Folkestone, Kent, CT20 3BG£389,950£370,000-£19,95004 Aug 202222 Feb 2024567 Days
57 Firs Lane, Folkestone, Kent, CT19 4QF£130,000£125,000-£5,00020 Nov 202316 Feb 202488 Days
13 St Marks Close, Folkestone, Kent, CT20 3LY£230,000£223,000-£7,00006 Nov 202312 Feb 202498 Days
25 Foreland Avenue, Folkestone, Kent, CT19 6DU£400,000£360,000-£40,00004 Jul 202306 Feb 2024217 Days
20 Spencer Court, Sandgate, Folkestone, Kent, CT20 3TJ£115,000£90,000-£25,00027 Oct 202326 Jan 202491 Days
12a, Augusta Gardens, Folkestone, Kent, CT20 2RR£280,000£245,000-£35,00028 Mar 202326 Jan 2024304 Days
Flat 51, Glendale, The Bayle, Folkestone, Kent, CT20 1SH£80,000£75,500-£4,50009 Jan 202322 Jan 2024378 Days
76 Wear Bay Road, Folkestone, Kent, CT19 6PR£485,000£480,000-£5,00030 May 202319 Jan 2024234 Days
Flat 9, Varne Court, The Riviera, Sandgate, Folkestone, Kent, CT20 3SU£400,000£385,000-£15,00031 Oct 202319 Jan 202480 Days
Flat 11, Pleydell Court, Pleydell Gardens, Folkestone, Kent, CT20 2DB£90,000£90,000£0004 May 202312 Jan 2024253 Days
Flat 42, Pleydell Court, Pleydell Gardens, Folkestone, Kent, CT20 2DB£95,000£80,000-£15,00002 Feb 201712 Jan 20242535 Days
4 Dyke Road, Folkestone, Kent, CT19 6BS£270,000£265,000-£5,00018 Aug 202308 Jan 2024143 Days
27 Montgomery Way, Folkestone, Kent, CT19 6LL£220,000£190,000-£30,00021 Jul 202315 Dec 2023147 Days
48 Warren Road, Folkestone, Kent, CT19 6DL£225,000£195,000-£30,00019 Oct 202315 Dec 202357 Days

Most Expensive Streets in Folkestone

PostcodeStreetAreaAverageNo. of Sales
CT20 3TLTemeraire HeightsFolkestone£1,131,4287
CT20 3TUShorncliffe HouseEncombe£949,0009
CT20 3TBUpper CornicheSandgate£911,6663
CT20 3TWEnbrook HouseEncombe£893,3339
CT20 3TTMartello HouseEncombe£892,3336
CT20 3DXSeascapeThe Esplanade£820,0004
CT20 3DRSunnyside RoadSandgate£813,3333
CT20 2LEPelham GardensFolkestone£769,2504
CT20 2TYCliffe HouseRadnor Cliff£753,3333
CT20 2LAGodwyn RoadFolkestone£750,2619

Least Expensive Streets in Folkestone

PostcodeStreetAreaAverageNo. of Sales
CT20 1QBPavilion CourtMarine Terrace£65,2503
CT20 1RSEastcliff HeightsRadnor Bridge Road£78,0779
CT20 2QZCourt PlaceFolkestone£83,62518
CT20 1SHGlendaleThe Bayle£83,93315
CT20 2DBPleydell CourtPleydell Gardens£86,66212
CT19 4RLStanley RoadFolkestone£86,79720
CT20 2XDHomepine HouseSandgate Road£97,93712
CT20 1JZDover RoadFolkestone£98,5004
CT20 1EYRendezvous StreetFolkestone£102,1254
CT20 2XAHomepine HouseSandgate Road£102,54511

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