2, PARK VIEW, MARGATE, CT9 2AU - £250,000

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

2 PARK VIEW is a large extended detached house of 146m², built sometime between 1996 and 2002, which could now be worth an estimated £508,218. It was last sold for £250,000 in February 2013, which was around 4% above the average February 2013 detached price in the Thanet local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was C.

2 PARK VIEW Sold Prices

Land registry data shows three sales for 2 PARK VIEW 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 2 PARK VIEW 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
2013 28 FEB	£250,000	£240,542	4% above HPI
2004 23 JUN	£249,995	£228,743	9% above HPI
2002 12 JUL	£197,500	£164,334	20% above HPI

2 PARK VIEW 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 2 PARK VIEW sales between July 2002 and February 2013 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 2004 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the February 2013 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 2 PARK VIEW be worth now?

2 PARK VIEW might now be worth an estimated £508,218.

This is based on house price inflation of 103.3%, between February 2013 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 103.3% inflationary increase is applied to the most recent sale price for 2 PARK VIEW of £250,000 on 28th February 2013. For the value to have increased from £250,000 to £508,218 over the twelve years to February 2025, the following assumptions must hold true:

• The value of 2 PARK VIEW has moved in line with the HPI for detached houses in the Thanet local authority area.
• The February 2013 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARK VIEW has not materially changed since February 2013.

How Large is 2 PARK VIEW?

2 PARK VIEW is 146m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the largest 30% 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 PARK VIEW lies on this distribution: 78% of detached houses houses are smaller than 2 PARK VIEW, and 21% of houses are larger. Note that EPC data is not available for all properties in Margate.

2 PARK VIEW: Plot and Title Map

2 PARK VIEW sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 2 PARK VIEW, 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 PARK VIEW). 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 PARK VIEW?

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