Feb 07, 2023 by HM

House prices in Folkestone (CT19 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Folkestone (CT19 6).

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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. 57, East Cliff, Folkestone, sold for £305,000 on Aug-2023. Given the internal area of 87 square metres, the price per sqm is £3,505.

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 171 sales in Folkestone (CT19 6) 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 6). Of the 171 transactions, half were sold for between £2,520 and £3,400 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,400m². 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 6' is £2,930. The table below shows how 'CT19 6' 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 6 (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 6 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
Dover Road, Folkestone, CT19 6N	112m2	£2,678	25
East Cliff, Folkestone, CT19 6B	100m2	£2,506	18
Marshall Street, Folkestone, CT19 6E	80m2	£2,409	17
Sidney Street, Folkestone, CT19 6H	80m2	£2,362	17
Wear Bay Road, Folkestone, CT19 6P	101m2	£4,068	16
Greenfield Road, Folkestone, CT19 6E	85m2	£2,656	13
Hollands Avenue, Folkestone, CT19 6P	94m2	£2,384	12
Thanet Gardens, Folkestone, CT19 6D	88m2	£2,079	12

Search for your street here.

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
57, East Cliff, Folkestone	£305,000 Aug-2023	87	3,505
90, Holywell Avenue, Folkestone	£157,500 Jul-2023	56	2,812
28, Invicta Rd, Folkestone	£258,000 Jul-2023	94	2,744

See the entire list of all sales in Folkestone (CT19 6) here.