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

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

16 MARTINS CLOSE is a very small detached house of 60m², built sometime between 1950 and 1966, which could now be worth an estimated £267,071. It was last sold for £185,000 in April 2016, which was around 44% 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	£329,591	44% below HPI
2013 3 JUN	£155,000	£242,675	36% below HPI
1997 30 JUN	£61,000	£77,586	21% 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 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the April 2016 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 16 MARTINS CLOSE be worth now?

16 MARTINS CLOSE might now be worth an estimated £267,071.

This is based on house price inflation of 44.4%, between April 2016 and December 2024, 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 44.4% inflationary increase is applied to the most recent sale price for 16 MARTINS CLOSE of £185,000 on 15th April 2016. For the value to have increased from £185,000 to £267,071 over the seven years and four months to December 2024, the following assumptions must hold true:

• The value of 16 MARTINS CLOSE has moved in line with the HPI for detached houses in the Thanet local authority area.
• The April 2016 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MARTINS CLOSE has not materially changed since April 2016.

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 houses in Ramsgate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ramsgate, and where 16 MARTINS CLOSE lies on this distribution: 6% of detached houses houses are smaller than 16 MARTINS CLOSE, and 93% 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.