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New Romney House Prices New Romney House Prices

The average house price in New Romney is £247,500 using HM Land Registry data.

The average property price decreased by £8,359 (--2.46%) over the last 5 years and decreased by £1,670 (--0.5%) over the last 12 months.

Over the last year, there were 41 residential property sales – a decrease of 9 transactions (-21.95%) relative to the previous year. The majority of house sales (10) were in the £318,000 - £402,000 range. Then came properties in the £234,000 - £318,000 range, where 9 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 47 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,155 (-1%).

In April 2024, there were 17 new estate agency instructions, 6 agreed home sales and 13 property price reductions.

Neighbouring Areas: Littlestone-on-Sea

Postcodes Covered: TN28, TN29

5-Year Average Property Prices in New Romney

-2.46%

Property prices in New Romney decreased by -2.46% 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 New Romney Over the Last Year

-0.5%

Property prices in New Romney decreased by -0.5% 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 New Romney - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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 New Romney

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 New Romney

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 New Romney

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 New Romney since 1995

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

Recent Property Sales in New Romney

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
19 Priory Close, New Romney, Kent, TN28 8HH£375,000£360,000-£15,00018 Oct 202323 Feb 2024128 Days
14 Broadlands Avenue, New Romney, Kent, TN28 8JE£350,000£330,000-£20,00003 Jul 202320 Dec 2023170 Days
Delamere, Spitalfield Lane, New Romney, Kent, TN28 8HQ£575,000£575,000£0007 Apr 202321 Nov 2023228 Days
4 West Street, New Romney, Kent, TN28 8DG£300,000£282,000-£18,00006 Sep 202220 Jun 2023287 Days
5 Windsor Mews, New Romney, Kent, TN28 8UU£495,950£495,950£0028 Feb 202312 May 202373 Days
10 The Meadows, New Romney, Kent, TN28 8US£240,000£230,000-£10,00011 Nov 202228 Apr 2023168 Days
3 Sussex Road, New Romney, Kent, TN28 8EG£159,950£150,000-£9,95007 Apr 201106 Apr 20234382 Days
Old Strand, Church Road, New Romney, Kent, TN28 8EY£650,000£612,500-£37,50030 Aug 202206 Apr 2023219 Days
Old Strand, Church Road, New Romney, Kent, TN28 8EY£650,000£612,500-£37,50030 Aug 202206 Apr 2023219 Days
Morningside, Dymchurch Road, New Romney, Kent, TN28 8BA£575,000£565,000-£10,00026 Aug 202230 Mar 2023216 Days
83 Rolfe Lane, New Romney, Kent, TN28 8JL£550,000£550,000£0025 Oct 202230 Mar 2023156 Days
Trinity Cottage, Lions Road, New Romney, Kent, TN28 8DF£320,000£300,000-£20,00003 Oct 202210 Mar 2023158 Days
14 Wells Close, New Romney, Kent, TN28 8XS£230,000£230,000£0003 Sep 202207 Feb 2023157 Days
4 Clarendon Mews, New Romney, Kent, TN28 8XE£400,000£400,000£0002 Nov 202202 Feb 202392 Days
Stone Barrow, St Johns Road, New Romney, Kent, TN28 8EW£495,000£477,500-£17,50023 Jun 202228 Oct 2022127 Days
9 Broadlands Crescent, New Romney, Kent, TN28 8JF£400,000£400,000£0003 May 202227 Sep 2022147 Days
52 The Churchlands, New Romney, Kent, TN28 8LE£460,000£460,000£0023 Apr 202226 Aug 2022125 Days
Page Cottage, Cannon Street, New Romney, Kent, TN28 8BH£250,000£250,000£0017 Mar 202225 Aug 2022161 Days
29 Richmond Drive, New Romney, Kent, TN28 8UW£350,000£350,000£0017 May 202212 Aug 202287 Days
2 Mabledon Close, New Romney, Kent, TN28 8HT£415,000£408,000-£7,00028 Mar 202205 Aug 2022130 Days

Most Expensive Streets in New Romney

PostcodeStreetAreaAverageNo. of Sales
TN28 8HQSpitalfield LaneNew Romney£539,3754
TN28 8FJRussett WayNew Romney£539,0003
TN28 8BHCannon StreetNew Romney£537,5004
TN28 8EYChurch RoadNew Romney£483,0003
TN28 8FTCrispin CloseNew Romney£445,74819
TN28 8FSPixie WayNew Romney£444,1669
TN28 8JLRolfe LaneNew Romney£420,49911
TN28 8JFBroadlands CrescentNew Romney£411,2504
TN28 8JPRolfe LaneNew Romney£405,6005
TN28 8XDMelbury MewsNew Romney£399,6254

Least Expensive Streets in New Romney

PostcodeStreetAreaAverageNo. of Sales
TN28 8ATHigh StreetNew Romney£131,5004
TN28 8BUSt. Lawrence CourtHigh Street, New Romney£131,6663
TN28 8XNCarey CloseNew Romney£164,2005
TN28 8LHMountfield RoadNew Romney£166,6669
TN28 8DEVictoria StreetNew Romney£186,4287
TN28 8XSWells CloseNew Romney£205,4287
TN28 8UEDymchurch RoadNew Romney£211,6663
TN28 8TYChurch RoadNew Romney£213,4378
TN28 8DNSmugglers MewsNew Romney£230,90010
TN28 8JUMarsh CrescentNew Romney£242,8505

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