15, OCEAN CLOSE, BIRCHINGTON, CT7 9HX - £387,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 OCEAN CLOSE is a large extended detached house of 145m², built sometime between 1967 and 1975, which could now be worth an estimated £655,674. It was last sold for £387,500 in October 2014, which was around 34% above the average October 2014 detached price in the Thanet local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

15 OCEAN CLOSE Sold Prices

Land registry data shows three sales for 15 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. Two of the three 15 OCEAN CLOSE sales were for above the average price, whilst one was 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 31 OCT	£387,500	£288,991	34% above HPI
2009 15 SEP	£350,000	£236,179	48% above HPI
2001 2 NOV	£124,000	£140,221	12% below HPI

15 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 15 OCEAN CLOSE sales between November 2001 and October 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 September 2009 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the October 2014 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 15 OCEAN CLOSE be worth now?

15 OCEAN CLOSE might now be worth an estimated £655,674.

This is based on house price inflation of 69.2%, between October 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 69.2% inflationary increase is applied to the most recent sale price for 15 OCEAN CLOSE of £387,500 on 31st October 2014. For the value to have increased from £387,500 to £655,674 over the eleven years and eight months to February 2025, the following assumptions must hold true:

• The value of 15 OCEAN CLOSE has moved in line with the HPI for detached houses in the Thanet local authority area.
• The October 2014 sale price of £387,500 represented a fair market value for the property.
• The size, condition, and specification of 15 OCEAN CLOSE has not materially changed since October 2014.

How Large is 15 OCEAN CLOSE?

15 OCEAN CLOSE is 145m², which includes three extensions, according to the EPC inspection conducted in August 2023. This puts it in the largest 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 15 OCEAN CLOSE lies on this distribution: 78% of detached houses houses are smaller than 15 OCEAN CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Margate.

15 OCEAN CLOSE: Plot and Title Map

15 OCEAN CLOSE sits on a plot of roughly 0.193 of an acre, or 783m². The below map shows the location of 15 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 15 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 15 OCEAN CLOSE?

15 OCEAN CLOSE is located in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of No. 15 on OCEAN CLOSE.