Feb 07, 2023 by HM

House prices in Folkestone (CT19 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Folkestone (CT19 4).

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Price per square metre

Knowing the average house price in Folkestone 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. 16, Dunnett Road, Folkestone, sold for £225,000 on Sep-2023. Given the internal area of 101 square metres, the price per sqm is £2,227.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 167 sales in Folkestone (CT19 4) that took place in the last two years.

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 Folkestone (CT19 4). Of the 167 transactions, half were sold for between £2,810 and £3,660 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,660m². 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 'CT19 4' is £3,280. The table below shows how 'CT19 4' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CT19 5 Folkestone	£2,610m2	£3,110m2	£3,800m2
CT19 4 Folkestone	£2,810m2	£3,280m2	£3,660m2
CT19 6 Folkestone	£2,520m2	£2,930m2	£3,400m2

Will Folkestone 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 CT19 4 (Folkestone). 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 CT19 4 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Folkestone 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 Folkestone data or any other data I am given.

Price map for Folkestone

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 Folkestone. 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 Folkestone

Street level data

Street	Avg size	Avg £/m2	Recent sales
Chart Road, Folkestone, CT19 4E	99m2	£2,759	23
Morehall Avenue, Folkestone, CT19 4E	109m2	£2,787	21
Somerset Road, Folkestone, CT19 4N	90m2	£2,991	18
Cheriton High Street, Folkestone, CT19 4H	76m2	£2,732	15
Stanley Road, Folkestone, CT19 4R	59m2	£1,421	15
Firs Lane, Folkestone, CT19 4Q	54m2	£3,774	15
Park Road, Folkestone, CT19 4D	80m2	£2,827	12
Biggins Wood Road, Folkestone, CT19 4N	90m2	£2,804	12

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Ashley Avenue, Folkestone, CT19 4P	105m2	£2,997	9

Ashley Avenue, Folkestone, CT19 4P has seen 9 new build sales in the last 4 years (average price £327,437). These new build homes typically have an internal area of 105 m2, with an average price of £2,997 m2. This £sqm average is £-283 below the average for CT19 4. New builds typically command a £ per sqm premium. In the case of Ashley Avenue the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Folkestone 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.

Address	Paid	m2	£/m2
16, Dunnett Rd, Folkestone	£225,000 Sep-2023	101	2,227
Flat 14 Laurel Court, 24, Stanley Rd, Folkestone	£74,000 Sep-2023	51	1,450
18, Darlinghurst Rd, Folkestone	£200,000 Aug-2023	99	2,020

See the entire list of all sales in Folkestone (CT19 4) here.