1, LAUREATE CLOSE, MARGATE, CT9 2TJ - £213,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 LAUREATE CLOSE is a small detached house of 85m², built sometime between 1950 and 1966. It was last sold for £213,000 in March 2021, which was around 51% below the average March 2021 detached price in the Thanet local authority area. The most recent EPC inspection was February 2014, where the current energy rating was E, and the potential energy rating was B.

1 LAUREATE CLOSE Sold Prices

Land registry data shows two sales for 1 LAUREATE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Thanet local authority area for the corresponding sale date. Both of the two 1 LAUREATE CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 5 MAR	£213,000	£431,603	51% below HPI
2002 16 DEC	£103,000	£184,823	44% below HPI

1 LAUREATE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Thanet local authority area over time, sourced from the HPI. The two 1 LAUREATE CLOSE sales from December 2002 and March 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2002 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the March 2021 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

How Large is 1 LAUREATE CLOSE?

1 LAUREATE CLOSE is 85m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 30% of detached houses in Margate, based on EPC data. The below chart shows the distribution of detached houses by size in Margate, and where 1 LAUREATE CLOSE lies on this distribution: 25% of detached houses are smaller than 1 LAUREATE CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Margate.

1 LAUREATE CLOSE: Plot and Title Map

1 LAUREATE CLOSE sits on a plot of roughly 0.148 of an acre, or 601m². The below map shows the location of 1 LAUREATE CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 LAUREATE CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 LAUREATE CLOSE?

1 LAUREATE CLOSE is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 1 on LAUREATE CLOSE.