# House prices in CT19 4 (Folkestone)

## Defining 'CT19 4'

This analysis is limited to properties whose postcode starts with "CT19 4", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Folkestone.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## 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. 8, St Winifred Road, Folkestone, sold for £265,000 on Mar-2024. Given the internal area of 90 square metres, the price per sqm is £2,944.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 158 sales in Folkestone (CT19 4) that took place in the last two years.

##### Distribution of £ per sqm for Folkestone
Distribution of £ per sqm house prices in Folkestone

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.

The spread of prices will give you a feel of the typical range to expect in Folkestone (CT19 4). Of the 158 transactions, half were sold for between £2,750 and £3,690 per square metre. The median, or 'middle', price per square metre in 'CT19 4' is £3,280. Notably, only 25% of properties that sold recently were valued at more than £3,690 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Folkestone

Do have a look at the interactive price map I created. 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.

House price heatmap for Folkestone

## Comparison with neighbouring postcode sectors

The table below shows how 'CT19 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CT19 4 Folkestone £2,750 sqm £3,280 sqm £3,690 sqm
CT19 6 Folkestone £2,520 sqm £3,000 sqm £3,500 sqm
CT19 5 Folkestone £2,720 sqm £3,230 sqm £3,900 sqm

## 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 chart below for CT19 4 (Folkestone) compared with both the wider area CT19 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Folkestone,Folkestone
House price trends for Folkestone

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CT19 4 sales
Recent trends for Folkestone

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Folkestone to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Morehall Avenue, Folkestone, CT19 4E 108 sqm £2,750 23
Chart Road, Folkestone, CT19 4E 100 sqm £2,803 22
Cheriton High Street, Folkestone, CT19 4H 76 sqm £2,826 15
Somerset Road, Folkestone, CT19 4N 90 sqm £3,031 14
Stanley Road, Folkestone, CT19 4R 59 sqm £1,326 13
Park Road, Folkestone, CT19 4D 81 sqm £2,870 12
Firs Lane, Folkestone, CT19 4Q 54 sqm £4,048 12
Biggins Wood Road, Folkestone, CT19 4N 90 sqm £2,785 11

## New build activity

Street Avg size Avg £sqm New build sales
Ashley Avenue, Folkestone, CT19 4P 105 sqm £2,949 9

Ashley Avenue, Folkestone, CT19 4P has seen 9 new build sales in the last 4 years (average price £323,204). These new build homes typically have an internal area of 105 sqm, with an average price of £2,949 sqm. This £sqm average is £-331 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.