21, MELLANBY CLOSE, BIRCHINGTON, CT7 0BZ - £320,000

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.

21 MELLANBY CLOSE is a large extended detached house of 123m², built sometime between 1967 and 1975, which could now be worth an estimated £368,248. It was last sold for £320,000 in October 2020, which was around 25% below the average October 2020 detached price in the Thanet local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

21 MELLANBY CLOSE Sold Prices

Land registry data shows three sales for 21 MELLANBY CLOSE 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 21 MELLANBY 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
2020 30 OCT	£320,000	£424,923	25% below HPI
1999 15 MAR	£71,500	£90,738	21% below HPI
1999 1 JAN	£88,000	£91,280	4% below HPI

21 MELLANBY CLOSE 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 21 MELLANBY CLOSE sales between January 1999 and October 2020 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 March 1999 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 21 MELLANBY CLOSE be worth now?

21 MELLANBY CLOSE might now be worth an estimated £368,248.

This is based on house price inflation of 15.1%, between October 2020 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 15.1% inflationary increase is applied to the most recent sale price for 21 MELLANBY CLOSE of £320,000 on 30th October 2020. For the value to have increased from £320,000 to £368,248 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 21 MELLANBY CLOSE has moved in line with the HPI for detached houses in the Thanet local authority area.
• The October 2020 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 21 MELLANBY CLOSE has not materially changed since October 2020.

How Large is 21 MELLANBY CLOSE?

21 MELLANBY CLOSE is 123m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 40% 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 21 MELLANBY CLOSE lies on this distribution: 65% of detached houses houses are smaller than 21 MELLANBY CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Margate.

21 MELLANBY CLOSE: Plot and Title Map

21 MELLANBY CLOSE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 21 MELLANBY 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 21 MELLANBY 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 21 MELLANBY CLOSE?

21 MELLANBY CLOSE is located in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of No. 21 on MELLANBY CLOSE.