1, OMER AVENUE, MARGATE, CT9 3BU - £429,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 OMER AVENUE is a very small detached house of 72m², built sometime between 1930 and 1949, which could now be worth an estimated £424,748. It was last sold for £429,000 in March 2022, which was around 13% below the average March 2022 detached price in the Thanet local authority area. The most recent EPC inspection was December 2021, where the current energy rating was E, and the potential energy rating was C.

1 OMER AVENUE Sold Prices

Land registry data shows two sales for 1 OMER AVENUE 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 OMER AVENUE 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
2022 9 MAR	£429,000	£493,886	13% below HPI
2015 7 AUG	£262,500	£300,741	13% below HPI

1 OMER AVENUE 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 OMER AVENUE sales from August 2015 and March 2022 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 August 2015 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the March 2022 sale, which was also at 13% below the HPI.

What might 1 OMER AVENUE be worth now?

1 OMER AVENUE might now be worth an estimated £424,748.

This is based on house price deflation of 1%, between March 2022 and February 2025, for detached houses, in the Thanet local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1% deflationary decrease is applied to the most recent sale price for 1 OMER AVENUE of £429,000 on 9th March 2022. For the value to have decreased from £429,000 to £424,748 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 1 OMER AVENUE has moved in line with the HPI for detached houses in the Thanet local authority area.
• The March 2022 sale price of £429,000 represented a fair market value for the property.
• The size, condition, and specification of 1 OMER AVENUE has not materially changed since March 2022.

How Large is 1 OMER AVENUE?

1 OMER AVENUE is 72m² according to the EPC inspection conducted in December 2021. This puts it in the smallest 20% of detached houses houses in Margate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Margate, and where 1 OMER AVENUE lies on this distribution: 11% of detached houses houses are smaller than 1 OMER AVENUE, and 89% of houses are larger. Note that EPC data is not available for all properties in Margate.

1 OMER AVENUE: Plot and Title Map

1 OMER AVENUE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 1 OMER AVENUE, 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 OMER AVENUE). 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 OMER AVENUE?

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