1, ROMNEY CLOSE, BIRCHINGTON, CT7 9RU - £281,964

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 ROMNEY CLOSE is a very small detached house of 69m², built sometime between 1950 and 1966, which could now be worth an estimated £349,426. It was last sold for £281,964 in June 2019, which was around 29% below the average June 2019 detached price in the Thanet local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

1 ROMNEY CLOSE Sold Prices

Land registry data shows four sales for 1 ROMNEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Thanet local authority area for the corresponding sale date. All of the four 1 ROMNEY 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
2019 18 JUN	£281,964	£394,584	29% below HPI
2008 30 OCT	£205,000	£253,223	19% below HPI
2005 20 DEC	£175,000	£241,939	28% below HPI
1997 10 SEP	£64,000	£80,915	21% below HPI

1 ROMNEY 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 four 1 ROMNEY CLOSE sales between September 1997 and June 2019 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 2008 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2019 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 1 ROMNEY CLOSE be worth now?

1 ROMNEY CLOSE might now be worth an estimated £349,426.

This is based on house price inflation of 23.9%, between June 2019 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 23.9% inflationary increase is applied to the most recent sale price for 1 ROMNEY CLOSE of £281,964 on 18th June 2019. For the value to have increased from £281,964 to £349,426 over the six years and four months to February 2025, the following assumptions must hold true:

• The value of 1 ROMNEY CLOSE has moved in line with the HPI for detached houses in the Thanet local authority area.
• The June 2019 sale price of £281,964 represented a fair market value for the property.
• The size, condition, and specification of 1 ROMNEY CLOSE has not materially changed since June 2019.

How Large is 1 ROMNEY CLOSE?

1 ROMNEY CLOSE is 69m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 10% 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 ROMNEY CLOSE lies on this distribution: 8% of detached houses houses are smaller than 1 ROMNEY CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Margate.

1 ROMNEY CLOSE: Plot and Title Map

1 ROMNEY CLOSE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 1 ROMNEY 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 ROMNEY 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 ROMNEY CLOSE?

1 ROMNEY CLOSE is located in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of No. 1 on ROMNEY CLOSE.