1, THE PARKWAY, BIRCHINGTON, CT7 9XG - £250,000

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 THE PARKWAY is a small detached house of 87m², built sometime between 1983 and 1990, which could now be worth an estimated £422,387. It was last sold for £250,000 in December 2014, which was around 14% below the average December 2014 detached price in the Thanet local authority area. The most recent EPC inspection was October 2014, where the current energy rating was C, and the potential energy rating was B.

1 THE PARKWAY Sold Prices

Land registry data shows two sales for 1 THE PARKWAY 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 THE PARKWAY 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
2014 5 DEC	£250,000	£289,421	14% below HPI
2003 24 NOV	£195,000	£211,958	8% below HPI

1 THE PARKWAY 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 THE PARKWAY sales from November 2003 and December 2014 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 November 2003 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2014 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 1 THE PARKWAY be worth now?

1 THE PARKWAY might now be worth an estimated £422,387.

This is based on house price inflation of 69%, between December 2014 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 69% inflationary increase is applied to the most recent sale price for 1 THE PARKWAY of £250,000 on 5th December 2014. For the value to have increased from £250,000 to £422,387 over the eleven years and ten months to February 2025, the following assumptions must hold true:

• The value of 1 THE PARKWAY has moved in line with the HPI for detached houses in the Thanet local authority area.
• The December 2014 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE PARKWAY has not materially changed since December 2014.

How Large is 1 THE PARKWAY?

1 THE PARKWAY is 87m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 30% 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 THE PARKWAY lies on this distribution: 28% of detached houses houses are smaller than 1 THE PARKWAY, and 71% of houses are larger. Note that EPC data is not available for all properties in Margate.

1 THE PARKWAY: Plot and Title Map

1 THE PARKWAY sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 1 THE PARKWAY, 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 THE PARKWAY). 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 THE PARKWAY?

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