10, OCEAN CLOSE, BIRCHINGTON, CT7 9HX - £462,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

10 OCEAN CLOSE is a small detached house of 89m², built sometime between 1950 and 1966. It was last sold for £462,000 in February 2021, which was around 7% above the average February 2021 detached price in the Thanet local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

10 OCEAN CLOSE Sold Prices

Land registry data shows three sales for 10 OCEAN CLOSE 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. All of the three 10 OCEAN CLOSE sales 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 5 FEB	£462,000	£433,486	7% above HPI
2001 12 MAR	£140,000	£121,823	15% above HPI
1995 22 SEP	£79,995	£72,620	10% above HPI

10 OCEAN 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 three 10 OCEAN CLOSE sales between September 1995 and February 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 March 2001 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the February 2021 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 10 OCEAN CLOSE?

10 OCEAN CLOSE is 89m² according to the EPC inspection conducted in September 2020. 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 10 OCEAN CLOSE lies on this distribution: 30% of detached houses are smaller than 10 OCEAN CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Margate.

10 OCEAN CLOSE: Plot and Title Map

10 OCEAN CLOSE sits on a plot of roughly 0.136 of an acre, or 550m². The below map shows the location of 10 OCEAN 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 10 OCEAN 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 10 OCEAN CLOSE?

10 OCEAN CLOSE is located in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of No. 10 on OCEAN CLOSE.