18, DRAPERS AVENUE, MARGATE, CT9 4AP - £140,000

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

18 DRAPERS AVENUE is a small detached house of 87m², built sometime between 1930 and 1949. It was last sold for £140,000 in February 2003, which was around 26% below the average February 2003 detached price in the Thanet local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was C.

18 DRAPERS AVENUE Sold Prices

Land registry data shows three sales for 18 DRAPERS AVENUE 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 18 DRAPERS 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
2003 7 FEB	£140,000	£187,927	26% below HPI
2002 10 JAN	£100,000	£142,869	30% below HPI
1998 19 AUG	£58,000	£85,307	32% below HPI

18 DRAPERS 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 three 18 DRAPERS AVENUE sales between August 1998 and February 2003 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 January 2002 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2003 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 18 DRAPERS AVENUE?

18 DRAPERS AVENUE is 87m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 30% of detached houses in Margate, based on EPC data. The below chart shows the distribution of detached houses by size in Margate, and where 18 DRAPERS AVENUE lies on this distribution: 27% of detached houses are smaller than 18 DRAPERS AVENUE, and 71% of houses are larger. Note that EPC data is not available for all properties in Margate.

18 DRAPERS AVENUE: Plot and Title Map

18 DRAPERS AVENUE sits on a plot of roughly 0.101 of an acre, or 411m². The below map shows the location of 18 DRAPERS 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 18 DRAPERS 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 18 DRAPERS AVENUE?

18 DRAPERS AVENUE is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 18 on DRAPERS AVENUE.