1, OAK TREE GROVE, MARGATE, CT9 5LF - £228,000

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 OAK TREE GROVE is a midsized detached house of 100m², built sometime between 1967 and 1975. It was last sold for £228,000 in October 2010, which was around 7% below the average October 2010 detached price in the Thanet local authority area. The most recent EPC inspection was January 2010, where the current energy rating was D, and the potential energy rating was C.

1 OAK TREE GROVE Sold Prices

Land registry data shows three sales for 1 OAK TREE GROVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Thanet local authority area for the corresponding sale date. All of the three 1 OAK TREE GROVE 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
2010 1 OCT	£228,000	£245,419	7% below HPI
2002 14 MAR	£128,495	£145,035	11% below HPI
1997 4 SEP	£64,500	£79,127	18% below HPI

1 OAK TREE GROVE 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 three 1 OAK TREE GROVE sales between September 1997 and October 2010 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 March 2002 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2010 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 1 OAK TREE GROVE?

1 OAK TREE GROVE is 100m² according to the EPC inspection conducted in January 2010. This puts it in the smallest 50% 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 OAK TREE GROVE lies on this distribution: 47% of detached houses are smaller than 1 OAK TREE GROVE, and 53% of houses are larger. Note that EPC data is not available for all properties in Margate.

1 OAK TREE GROVE: Plot and Title Map

1 OAK TREE GROVE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 1 OAK TREE GROVE, 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 OAK TREE GROVE). 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 OAK TREE GROVE?

1 OAK TREE GROVE is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 1 on OAK TREE GROVE.