Feb 07, 2023 by HM

# House prices in Lyminge (CT18 8)

## Price per square metre

Knowing the average house price in Lyminge is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. Ash Villa, High Street, Lyminge, Hawkinge, sold for £355,000 on Sep-2023. Given the internal area of 121 square metres, the price per sqm is £2,933.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 82 sales in Lyminge (CT18 8) that took place in the last two years.

##### Distribution of £ per sqm for Lyminge (CT18 8)
Distribution of £ per sqm house prices in Lyminge

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Lyminge (CT18 8). Of the 82 transactions, half were sold for between £3,700 and £5,200 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,200m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CT18 8' is £4,410. The table below shows how 'CT18 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CT18 8 Lyminge £3,700m2 £4,410m2 £5,200m2
CT18 7 Hawkinge £3,370m2 £3,940m2 £4,480m2

## Will Lyminge house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for CT18 8 (Lyminge). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for CT18 8 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Lyminge (CT18 8) over time
House price trends for Lyminge

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Lyminge and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Lyminge data or any other data I am given.

## Price map for Lyminge

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Lyminge. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Lyminge

## Street level data

Street Avg size Avg £/m2 Recent sales
Station Road, Lyminge, CT18 8H 110m2 £3,524 12
Ethelburga Drive, Lyminge, CT18 8J 71m2 £4,682 11
Canterbury Road, Lyminge, CT18 8D 120m2 £4,358 11
Mount Pleasant Close, Lyminge, CT18 8H 75m2 £4,934 11
Woodland Road, Lyminge, CT18 8E 119m2 £4,321 9
The Street, Lyminge, CT18 8A 100m2 £3,465 8
Palm Tree Way, Lyminge, CT18 8J 91m2 £3,621 8
Silverlands Road, Lyminge, CT18 8J 74m2 £4,412 8

## Raw data

Our analysis of Lyminge is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.