Housing Market Analysis for SPENCE CLOSE, CT18 7NZ

Are you looking to understand CT18 7NZ house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Folkestone and Hythe postcode.

For the location information and nearby amenities in the CT18 7NZ area, explore the CT18 7NZ Area information page.
For comprehensive crime statistics in the CT18 7NZ area, explore the CT18 7NZ Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the CT18 7NZ postcode area, The average prices are as follows,

Terraced
- The average price is around £140,598 median price is £122,500 Standard Deviation is £70,786 with Total Sold: 15
- The Last 5 Year average price is £259,833 with Total Sold: 3
- The most recent sale happened at this postcode is 8 SPENCE CLOSE: £252,500 (Sold on 30 Aug 2024)
- The first recorded sale happened at this postcode is 16 SPENCE CLOSE: £66,880 (Sold on 13 Mar 1998)
Semi-Detached
- The average price is around £133,798 median price is £117,500 Standard Deviation is £60,588 with Total Sold: 20
- The Last 5 Year average price is £265,000 with Total Sold: 1
- The most recent sale happened at this postcode is 9 SPENCE CLOSE: £265,000 (Sold on 29 Mar 2021)
- The first recorded sale happened at this postcode is 5 SPENCE CLOSE: £71,100 (Sold on 28 Nov 1997)
Detached
- The average price is around £84,117 median price is £71,000 Standard Deviation is £24,539 with Total Sold: 3
- The most recent sale happened at this postcode is 6 SPENCE CLOSE: £118,500 (Sold on 17 Oct 2003)
- The first recorded sale happened at this postcode is 6 SPENCE CLOSE: £62,850 (Sold on 24 Apr 1998)

Sold Price Trend Over the Years:

Below table and chart gives the average CT18 7NZ house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£252,500		1
2022	£307,000	£4,654	1
2020	£220,000	£3,492	1
2015	£181,000	£3,068	1
2013	£149,000	£2,365	1
2007	£162,500	£2,464	1
2006	£145,000	£2,302	1
2003	£122,500	£1,857	1
2002	£96,998	£1,500	2
2001	£88,000	£1,124	1
1998	£71,870	£1,011	4

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£265,000	£4,015	1
2015	£208,000	£3,152	1
2012	£172,000	£2,595	1
2010	£169,000	£2,914	1
2007	£191,500	£2,487	1
2006	£144,250	£2,553	2
2004	£154,475	£2,565	2
2002	£115,000	£1,983	1
2001	£90,167	£1,364	3
1998	£108,240	£3,772	5
1997	£73,150	£1,139	2

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2003	£118,500	£2,008	1
2000	£71,000	£1,203	1
1998	£62,850	£1,065	1

All the Sales in the SPENCE CLOSE, CT18 7NZ

See the table below for more details on the sold house prices in the CT18 7NZ, Folkestone and Hythe postcode.

Address	Sold Date	Price	% Change
8 SPENCE CLOSETerraced, Freehold	30 Aug 2024	£252,500	14.77%
	07 Sep 2020	£220,000	47.65%
	20 Dec 2013	£149,000	2.76%
	12 Jul 2006	£145,000	76.83%
	19 Apr 2002	£82,000	30.16%
	17 Jun 1998	£63,000	First Sale
16 SPENCE CLOSETerraced, FreeholdArea: 65.96 Sq.mtrAge: 1996-2002	07 Jul 2022	£307,000	88.92%
	16 Mar 2007	£162,500	32.65%
	15 May 2003	£122,500	9.38%
	26 Sep 2002	£111,995	67.46%
	13 Mar 1998	£66,880	First Sale
9 SPENCE CLOSESemi-Detached, FreeholdArea: 66 Sq.mtrAge: 1996-2002	29 Mar 2021	£265,000	27.40%
	20 May 2015	£208,000	23.44%
	23 Oct 2006	£168,500	124.07%
	18 Dec 1997	£75,200	First Sale
6 SPENCE CLOSETerraced, FreeholdArea: 59 Sq.mtrAge: 1996-2002	20 Mar 2015	£181,000	52.74%
	17 Oct 2003	£118,500	66.90%
	18 Dec 2000	£71,000	12.97%
	24 Apr 1998	£62,850	First Sale
2 SPENCE CLOSESemi-Detached, FreeholdArea: 66.27 Sq.mtrAge: 1996-2002	14 Dec 2012	£172,000	1.21%
	18 Jun 2004	£169,950	82.74%
	24 Sep 2001	£93,000	-62.80%
	27 Feb 1998	£250,000	First Sale
10 SPENCE CLOSESemi-Detached, FreeholdArea: 58 Sq.mtrAge: 1996-2002	13 Jul 2010	£169,000	46.96%
	29 Nov 2002	£115,000	27.78%
	08 Nov 2001	£90,000	First Sale
1 SPENCE CLOSESemi-Detached, FreeholdArea: 77 Sq.mtrAge: 1996-2002	13 Jul 2007	£191,500	118.86%
	03 May 2001	£87,500	First Sale
22 SPENCE CLOSESemi-Detached, Freehold	28 Apr 2006	£120,000	47.69%
22 SPENCE CLOSESemi-Detached, Freehold	10 Jul 1998	£81,250	First Sale
20 SPENCE CLOSESemi-Detached, Freehold	06 Feb 2004	£139,000	98.57%
20 SPENCE CLOSESemi-Detached, Freehold	27 Feb 1998	£70,000	First Sale
4 SPENCE CLOSETerraced, FreeholdArea: 78.27 Sq.mtrAge: 1996-2002	02 Jul 2001	£88,000	10.28%
	01 May 1998	£79,800	First Sale
18 SPENCE CLOSETerraced, Freehold	16 Oct 1998	£77,800	First Sale
14 SPENCE CLOSESemi-Detached, Freehold	29 May 1998	£72,800	First Sale
12 SPENCE CLOSESemi-Detached, Freehold	20 Mar 1998	£67,150	First Sale
5 SPENCE CLOSESemi-Detached, Freehold	28 Nov 1997	£71,100	First Sale

Check out the sold house prices near the CT18 7NZ postcode. Properties currently for saleProperties currently for rent

SPENCE CLOSE, CT18 7NZ Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the CT18 7NZ postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the CT18 7NZ postcode.

Semi-Detached
- The average price is around £181,851 median price is £168,250 Standard Deviation is £96,640 with Total Sold: 772
- The Last 5 Year average price is £314,977 with Total Sold: 128
- The most recent sale happened at this postcode is , 8 HURRICANE WAY: £485,000 (Sold on 06 Sep 2024)
- The first recorded sale happened at this postcode is , 57 WOODCOCK GARDENS: £57,950 (Sold on 12 Jan 1995)
Terraced
- The average price is around £155,401 median price is £147,500 Standard Deviation is £74,675 with Total Sold: 846
- The Last 5 Year average price is £261,715 with Total Sold: 131
- The most recent sale happened at this postcode is , 8 SPENCE CLOSE: £252,500 (Sold on 30 Aug 2024)
- The first recorded sale happened at this postcode is , 104 AERODROME ROAD: £44,500 (Sold on 10 Apr 1995)
Detached
- The average price is around £234,991 median price is £225,000 Standard Deviation is £111,258 with Total Sold: 1,478
- The Last 5 Year average price is £410,122 with Total Sold: 174
- The most recent sale happened at this postcode is , 10 DEMOZAY CLOSE: £405,000 (Sold on 30 Aug 2024)
- The first recorded sale happened at this postcode is , 14 WOODCOCK GARDENS: £96,000 (Sold on 20 Jan 1995)
Flat
- The average price is around £138,810 median price is £142,500 Standard Deviation is £53,861 with Total Sold: 175
- The Last 5 Year average price is £183,561 with Total Sold: 37
- The most recent sale happened at this postcode is , 3 ASPEN WAY: £480,000 (Sold on 31 May 2024)
- The first recorded sale happened at this postcode is , 116 AERODROME ROAD: £20,000 (Sold on 07 Apr 1995)
Other
- The average price is around £1,106,077 median price is £310,000 Standard Deviation is £2,347,242 with Total Sold: 18
- The Last 5 Year average price is £849,998 with Total Sold: 10
- The most recent sale happened at this postcode is , 139 CANTERBURY ROAD: £650,000 (Sold on 26 Jan 2024)
- The first recorded sale happened at this postcode is , 93 CANTERBURY ROAD: £418,000 (Sold on 15 Apr 2016)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£386,000	£3,635	5
2023	£332,115	£3,695	26
2022	£343,071	£4,021	21
2021	£303,872	£3,600	23
2020	£279,884	£3,312	26
2019	£306,720	£3,076	27
2018	£305,138	£3,137	25
2017	£293,040	£2,920	41
2016	£231,530	£2,791	15
2015	£217,760	£2,709	25
2014	£188,753	£2,413	22
2013	£170,596	£2,307	15
2012	£170,070	£2,061	17
2011	£174,833	£2,127	18
2010	£178,049	£1,977	20
2009	£178,679	£2,181	26
2008	£202,342	£2,116	13
2007	£198,158	£2,319	33
2006	£161,917	£2,064	28
2005	£160,482	£2,165	28
2004	£163,334	£2,201	37
2003	£136,145	£1,837	39
2002	£119,031	£1,500	80
2001	£87,770	£1,285	34
2000	£73,835	£1,164	10
1999	£69,825	£937	32
1998	£73,544	£1,067	34
1997	£62,810	£935	26
1996	£52,241	£760	18
1995	£56,588	£898	8

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£298,167		9
2023	£290,625	£4,099	16
2022	£280,445	£4,406	28
2021	£255,256	£3,667	39
2020	£237,719	£3,511	26
2019	£227,923	£3,652	13
2018	£241,310	£3,152	27
2017	£220,721	£3,163	32
2016	£208,520	£2,828	20
2015	£193,090	£2,882	22
2014	£166,000	£2,392	25
2013	£154,663	£2,276	22
2012	£165,522	£2,006	20
2011	£158,536	£2,162	14
2010	£148,178	£2,360	15
2009	£146,559	£2,256	25
2008	£165,293	£2,337	34
2007	£181,243	£2,412	42
2006	£161,472	£2,263	45
2005	£143,500	£2,090	22
2004	£139,690	£2,155	31
2003	£135,996	£1,919	67
2002	£110,773	£1,531	77
2001	£78,229	£1,270	29
2000	£64,099	£1,031	9
1999	£59,758	£1,025	28
1998	£63,279	£985	26
1997	£58,020	£858	21
1996	£51,792	£906	51
1995	£51,614	£852	11

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£459,375	£5,349	8
2023	£410,480	£3,809	25
2022	£452,271	£3,784	35
2021	£417,517	£3,480	35
2020	£385,928	£3,245	35
2019	£374,281	£2,946	36
2018	£408,499	£2,944	30
2017	£373,662	£2,888	52
2016	£321,710	£2,799	38
2015	£304,559	£2,573	42
2014	£268,630	£2,347	38
2013	£251,412	£2,213	29
2012	£236,243	£2,076	35
2011	£235,253	£2,084	19
2010	£250,101	£2,175	49
2009	£230,010	£1,980	46
2008	£271,141	£2,118	52
2007	£254,066	£2,186	83
2006	£248,974	£2,132	58
2005	£242,652	£2,039	41
2004	£224,542	£1,957	80
2003	£215,861	£1,745	122
2002	£170,028	£1,514	146
2001	£140,943	£1,227	75
2000	£128,114	£1,174	34
1999	£115,802	£1,003	61
1998	£92,197	£913	25
1997	£92,309	£896	62
1996	£87,741	£809	60
1995	£81,472	£770	27

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£480,000		1
2023	£187,750	£4,590	5
2022	£166,375	£2,921	8
2021	£169,833	£2,768	9
2020	£203,666	£3,043	6
2019	£161,438	£2,288	8
2018	£135,769	£2,988	13
2017	£141,714	£2,825	7
2016	£135,700	£2,417	10
2015	£110,054	£2,047	45
2014	£134,425	£2,036	10
2013	£131,438	£1,993	16
2012	£134,000	£2,170	1
2010	£125,000	£2,135	1
2008	£149,199	£2,465	22
2007	£127,818	£2,687	11
1996	£19,000	£279	1
1995	£20,000	£250	1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£650,000		1
2023	£2,763,492	£33,617	2
2022	£285,000		2
2021	£528,000		2
2020	£215,000	£3,468	1
2019	£241,000	£3,224	2
2018	£116,000	£1,455	2
2017	£287,550		2
2016	£2,650,575		4

House Type in CT18 7NZ area

The most common house types in the CT18 7NZ postcode area are Detached (48), Terraced (38), and Semi-detached (29).

Total	116
Detached	48
Terraced	38
Semi-detached	29
Flat	1
Shared house	0
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (64), and Owned: Owns outright (36).

Owned: Owns with a mortgage or loan	64
Owned: Owns outright	36
Private rented: Private landlord or letting agency	15
Private rented: Other private rented	3
Social rented: Other social rented	1
Does not apply	0
Shared ownership: Shared ownership	0
Social rented: Rents from council or Local Authority	0
Lives rent free	0

Number of People in a Household

The most houses in the CT18 7NZ have 1 person in household (32), and 2 people in household (30).

1 person in household	32
2 people in household	30
3 people in household	28
4 people in household	23
5 people in household	5
0 people in household	0
6 people in household	0
7 people in household	0
8 or more people in household	0