2, MAGNOLIA AVENUE, MARGATE, CT9 3DS - £450,000

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

2 MAGNOLIA AVENUE is a midsized extended detached house of 97m², built sometime between 1950 and 1966. It was last sold for £450,000 in July 2022, which was around 13% below the average July 2022 detached price in the Thanet local authority area. The most recent EPC inspection was June 2018, where the current energy rating was E, and the potential energy rating was C.

2 MAGNOLIA AVENUE Sold Prices

Land registry data shows four sales for 2 MAGNOLIA AVENUE 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. Most of the four 2 MAGNOLIA 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
2022 27 JUL	£450,000	£515,614	13% below HPI
2019 28 FEB	£330,000	£387,920	15% below HPI
2008 28 NOV	£225,000	£239,143	6% below HPI
2001 24 OCT	£147,500	£138,227	7% above HPI

2 MAGNOLIA 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 four 2 MAGNOLIA AVENUE sales between October 2001 and July 2022 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 February 2019 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2022 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 2 MAGNOLIA AVENUE?

2 MAGNOLIA AVENUE is 97m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the smallest 50% of detached houses in Margate, based on EPC data. The below chart shows the distribution of detached houses by size in Margate, and where 2 MAGNOLIA AVENUE lies on this distribution: 42% of detached houses are smaller than 2 MAGNOLIA AVENUE, and 57% of houses are larger. Note that EPC data is not available for all properties in Margate.

2 MAGNOLIA AVENUE: Plot and Title Map

2 MAGNOLIA AVENUE sits on a plot of roughly 0.151 of an acre, or 610m². The below map shows the location of 2 MAGNOLIA 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 2 MAGNOLIA 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 2 MAGNOLIA AVENUE?

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