2, ALBION PLACE, MARGATE, CT9 1HP - £192,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 ALBION PLACE is a midsized extended detached house of 101m², built sometime before 1900, which could now be worth an estimated £336,248. It was last sold for £192,000 in December 2007, which was around 31% below the average December 2007 detached price in the Thanet local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

2 ALBION PLACE Sold Prices

Land registry data shows four sales for 2 ALBION PLACE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Thanet local authority area for the corresponding sale date. All of the four 2 ALBION PLACE 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
2007 7 DEC	£192,000	£279,217	31% below HPI
2005 18 NOV	£152,000	£241,036	37% below HPI
2000 15 MAY	£46,500	£113,855	59% below HPI
1998 25 JUN	£30,000	£86,572	65% below HPI

2 ALBION PLACE 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 four 2 ALBION PLACE sales between June 1998 and December 2007 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 November 2005 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the December 2007 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 2 ALBION PLACE be worth now?

2 ALBION PLACE might now be worth an estimated £336,248.

This is based on house price inflation of 75.1%, between December 2007 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 75.1% inflationary increase is applied to the most recent sale price for 2 ALBION PLACE of £192,000 on 7th December 2007. For the value to have increased from £192,000 to £336,248 over the eighteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 ALBION PLACE has moved in line with the HPI for detached houses in the Thanet local authority area.
• The December 2007 sale price of £192,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ALBION PLACE has not materially changed since December 2007.

How Large is 2 ALBION PLACE?

2 ALBION PLACE is 101m², which includes two extensions, according to the EPC inspection conducted in August 2016. This puts it in the smallest 50% 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 2 ALBION PLACE lies on this distribution: 47% of detached houses houses are smaller than 2 ALBION PLACE, and 52% of houses are larger. Note that EPC data is not available for all properties in Margate.

2 ALBION PLACE: Plot and Title Map

2 ALBION PLACE sits on a plot of roughly 0.010 of an acre, or 42m². The below map shows the location of 2 ALBION PLACE, 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 2 ALBION PLACE). 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 2 ALBION PLACE?

2 ALBION PLACE is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 2 on ALBION PLACE.