1, SPRINGFIELD ROAD, CLIFTONVILLE, MARGATE, CT9 3EA - £375,000

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 SPRINGFIELD ROAD is a small detached house of 90m², built sometime between 1950 and 1966. It was last sold for £375,000 in July 2018, which was around 5% below the average July 2018 detached price in the Thanet local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

1 SPRINGFIELD ROAD Sold Prices

Land registry data shows three sales for 1 SPRINGFIELD ROAD 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. Two of the three 1 SPRINGFIELD ROAD sales were for below the average price, whilst one was 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
2018 25 JUL	£375,000	£393,708	5% below HPI
2011 11 JUL	£249,995	£233,966	7% above HPI
2005 16 MAR	£222,500	£232,016	4% below HPI

1 SPRINGFIELD ROAD 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 SPRINGFIELD ROAD sales between March 2005 and July 2018 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 July 2011 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the July 2018 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 1 SPRINGFIELD ROAD?

1 SPRINGFIELD ROAD is 90m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 40% 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 SPRINGFIELD ROAD lies on this distribution: 32% of detached houses are smaller than 1 SPRINGFIELD ROAD, and 67% of houses are larger. Note that EPC data is not available for all properties in Margate.

1 SPRINGFIELD ROAD: Plot and Title Map

1 SPRINGFIELD ROAD sits on a plot of roughly 0.146 of an acre, or 589m². The below map shows the location of 1 SPRINGFIELD ROAD, 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 SPRINGFIELD ROAD). 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 SPRINGFIELD ROAD?

1 SPRINGFIELD ROAD is located in CLIFTONVILLE, in the CT9 postcode district. The below map shows the position of No. 1 on SPRINGFIELD ROAD.