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 NORTHBOURNE WAY is a large extended detached house of 129m², built sometime between 1991 and 1995. It was last sold for £142,500 in May 2000, which was around 28% above the average May 2000 detached price in the Thanet local authority area. The most recent EPC inspection was April 2024, where the current energy rating was C, and the potential energy rating was C.
Land registry data shows two sales for 2 NORTHBOURNE WAY since 1st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Thanet local authority area for the corresponding sale date. Both of the two 2 NORTHBOURNE WAY sales were for above 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 |
---|---|---|---|
2000 5 MAY | £142,500 | £111,339 | 28% above HPI |
1995 30 JUN | £115,000 | £71,216 | 61% above HPI |
The below graph shows the average detached house price in the Thanet local authority area over time, sourced from the HPI. The two 2 NORTHBOURNE WAY sales from June 1995 and May 2000 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 1995 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the May 2000 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.
2 NORTHBOURNE WAY is 129m², which includes one extension, according to the EPC inspection conducted in April 2024. This puts it in the largest 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 2 NORTHBOURNE WAY lies on this distribution: 70% of detached houses are smaller than 2 NORTHBOURNE WAY, and 30% of houses are larger. Note that EPC data is not available for all properties in Margate.
2 NORTHBOURNE WAY sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 2 NORTHBOURNE WAY, 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 NORTHBOURNE WAY). 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.
2 NORTHBOURNE WAY is located in CLIFTONVILLE, in the CT9 postcode district. The below map shows the position of No. 2 on NORTHBOURNE WAY.