11, OMER AVENUE, MARGATE, CT9 3BU - £330,000

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

11 OMER AVENUE is a very small detached house of 78m², built sometime between 1950 and 1966. It was last sold for £330,000 in March 2017, which was around 8% below the average March 2017 detached price in the Thanet local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

11 OMER AVENUE Sold Prices

Land registry data shows two sales for 11 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 11 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
2017 1 MAR	£330,000	£358,480	8% below HPI
1996 27 JUN	£59,995	£70,940	15% below HPI

11 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 11 OMER AVENUE sales from June 1996 and March 2017 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 June 1996 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the March 2017 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 11 OMER AVENUE?

11 OMER AVENUE is 78m² according to the EPC inspection conducted in May 2023. This puts it in the smallest 20% of detached houses in Margate, based on EPC data. The below chart shows the distribution of detached houses by size in Margate, and where 11 OMER AVENUE lies on this distribution: 18% of detached houses are smaller than 11 OMER AVENUE, and 81% of houses are larger. Note that EPC data is not available for all properties in Margate.

11 OMER AVENUE: Plot and Title Map

11 OMER AVENUE sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 11 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 11 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 11 OMER AVENUE?

11 OMER AVENUE is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 11 on OMER AVENUE.