Feb 07, 2023 by HM

House prices in Folkestone (CT20 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Folkestone (CT20 2).

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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. Flat 1 Castle Hill Court, 21 - 23, Castle Hill Avenue, Folkestone, sold for £323,000 on Sep-2023. Given the internal area of 108 square metres, the price per sqm is £2,990.

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. £3,250-£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 305 sales in Folkestone (CT20 2) 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 (CT20 2). Of the 305 transactions, half were sold for between £2,330 and £3,700 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,700m². 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 'CT20 2' is £2,920. The table below shows how 'CT20 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CT20 2 Folkestone	£2,330m2	£2,920m2	£3,700m2
CT20 3 Sandgate	£3,070m2	£3,690m2	£4,370m2
CT20 1 Folkestone	£2,000m2	£2,580m2	£3,100m2

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 CT20 2 (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 CT20 2 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
Sandgate Road, Folkestone, CT20 2X	43m2	£2,380	32
Sandgate Road, Folkestone, CT20 2H	90m2	£2,753	29
Earls Avenue, Folkestone, CT20 2H	96m2	£2,457	26
Grimston Avenue, Folkestone, CT20 2Q	98m2	£2,663	25
Clifton Crescent, Folkestone, CT20 2E	91m2	£3,157	25
Grimston Gardens, Folkestone, CT20 2P	93m2	£2,717	24
Castle Hill Avenue, Folkestone, CT20 2Q	80m2	£2,399	24
Trinity Crescent, Folkestone, CT20 2E	71m2	£3,266	23

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
Flat 1 Castle Hill Court, 21 - 23, Castle Hill Avenue, Folkestone	£323,000 Sep-2023	108	2,990
28, Plain Rd, Folkestone	£392,500 Aug-2023	75	5,233
19 Cliffestone Court, Shorncliffe Rd, Folkestone	£190,000 Aug-2023	63	3,015

See the entire list of all sales in Folkestone (CT20 2) here.