16, MARTINS CLOSE, RAMSGATE, CT12 6TD - £185,000

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

16 MARTINS CLOSE is a very small detached house of 60m², built sometime between 1950 and 1966. It was last sold for £185,000 in April 2016, which was around 43% below the average April 2016 detached price in the Thanet local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was B.

16 MARTINS CLOSE Sold Prices

Land registry data shows three sales for 16 MARTINS 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 16 MARTINS CLOSE 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
2016 15 APR	£185,000	£322,307	43% below HPI
2013 3 JUN	£155,000	£237,312	35% below HPI
1997 30 JUN	£61,000	£75,872	20% below HPI

16 MARTINS 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 16 MARTINS CLOSE sales between June 1997 and April 2016 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 2013 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the April 2016 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 16 MARTINS CLOSE?

16 MARTINS CLOSE is 60m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of detached houses in Ramsgate, based on EPC data. The below chart shows the distribution of detached houses by size in Ramsgate, and where 16 MARTINS CLOSE lies on this distribution: 6% of detached houses are smaller than 16 MARTINS CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Ramsgate.

16 MARTINS CLOSE: Plot and Title Map

16 MARTINS CLOSE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 16 MARTINS 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 16 MARTINS 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 16 MARTINS CLOSE?

16 MARTINS CLOSE is located in RAMSGATE, in the CT12 postcode district. The below map shows the position of No. 16 on MARTINS CLOSE.