1, OAKWOOD, MARGATE, CT9 3QF - £350,000

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 OAKWOOD is a midsized detached house of 115m², built sometime between 1996 and 2002. It was last sold for £350,000 in January 2021, which was around 19% below the average January 2021 detached price in the Thanet local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

1 OAKWOOD Sold Prices

Land registry data shows three sales for 1 OAKWOOD 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. One of the three 1 OAKWOOD sales was for below the average price, whilst two were for above 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 29 JAN	£350,000	£432,015	19% below HPI
2003 2 OCT	£209,995	£205,076	2% above HPI
2002 25 JAN	£148,000	£142,869	4% above HPI

1 OAKWOOD 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 OAKWOOD sales between January 2002 and January 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 October 2003 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the January 2021 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 1 OAKWOOD?

1 OAKWOOD is 115m² according to the EPC inspection conducted in March 2020. This puts it in the largest 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 OAKWOOD lies on this distribution: 59% of detached houses are smaller than 1 OAKWOOD, and 40% of houses are larger. Note that EPC data is not available for all properties in Margate.

1 OAKWOOD: Plot and Title Map

1 OAKWOOD sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 1 OAKWOOD, 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 OAKWOOD). 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 OAKWOOD?

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