2, WELLESLEY CLOSE, WESTGATE-ON-SEA, CT8 8DS - £235,000

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 WELLESLEY CLOSE is a very small semi-detached house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £330,911. It was last sold for £235,000 in November 2016, which was around 1% below the average November 2016 semi-detached price in the Thanet local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was C.

2 WELLESLEY CLOSE Sold Prices

Land registry data shows two sales for 2 WELLESLEY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Thanet local authority area for the corresponding sale date. Both of the two 2 WELLESLEY CLOSE 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
2016 4 NOV	£235,000	£236,200	1% below HPI
2015 10 APR	£182,500	£192,841	5% below HPI

2 WELLESLEY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Thanet local authority area over time, sourced from the HPI. The two 2 WELLESLEY CLOSE sales from April 2015 and November 2016 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 April 2015 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the November 2016 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 2 WELLESLEY CLOSE be worth now?

2 WELLESLEY CLOSE might now be worth an estimated £330,911.

This is based on house price inflation of 40.8%, between November 2016 and February 2025, for semi-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 40.8% inflationary increase is applied to the most recent sale price for 2 WELLESLEY CLOSE of £235,000 on 4th November 2016. For the value to have increased from £235,000 to £330,911 over the nine years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 WELLESLEY CLOSE has moved in line with the HPI for semi-detached houses in the Thanet local authority area.
• The November 2016 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WELLESLEY CLOSE has not materially changed since November 2016.

How Large is 2 WELLESLEY CLOSE?

2 WELLESLEY CLOSE is 70m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 10% of semi-detached houses houses in Margate, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Margate, and where 2 WELLESLEY CLOSE lies on this distribution: 9% of semi-detached houses houses are smaller than 2 WELLESLEY CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Margate.

2 WELLESLEY CLOSE: Plot and Title Map

2 WELLESLEY CLOSE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 2 WELLESLEY CLOSE, 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 WELLESLEY CLOSE). 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 WELLESLEY CLOSE?

2 WELLESLEY CLOSE is located in WESTGATE-ON-SEA, in the CT8 postcode district. The below map shows the position of No. 2 on WELLESLEY CLOSE.