23, MELLANBY CLOSE, BIRCHINGTON, CT7 0BZ - £158,000

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

23 MELLANBY CLOSE is a large extended detached house of 145m², built sometime between 1967 and 1975, which could now be worth an estimated £356,827. It was last sold for £158,000 in January 2004, which was around 27% below the average January 2004 detached price in the Thanet local authority area. The most recent EPC inspection was August 2016, where the current energy rating was C, and the potential energy rating was B.

23 MELLANBY CLOSE Sold Prices

Land registry data shows two sales for 23 MELLANBY CLOSE since 1^st 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 23 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
2004 5 JAN	£158,000	£216,521	27% below HPI
1995 5 JAN	£59,500	£70,957	16% below HPI

23 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 two 23 MELLANBY CLOSE sales from January 1995 and January 2004 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 January 1995 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the January 2004 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 23 MELLANBY CLOSE be worth now?

23 MELLANBY CLOSE might now be worth an estimated £356,827.

This is based on house price inflation of 125.8%, between January 2004 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 125.8% inflationary increase is applied to the most recent sale price for 23 MELLANBY CLOSE of £158,000 on 5th January 2004. For the value to have increased from £158,000 to £356,827 over the twenty years and eleven months to February 2025, the following assumptions must hold true:

• The value of 23 MELLANBY CLOSE has moved in line with the HPI for detached houses in the Thanet local authority area.
• The January 2004 sale price of £158,000 represented a fair market value for the property.
• The size, condition, and specification of 23 MELLANBY CLOSE has not materially changed since January 2004.

How Large is 23 MELLANBY CLOSE?

23 MELLANBY CLOSE is 145m², which includes one extension, according to the EPC inspection conducted in August 2016. 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 23 MELLANBY CLOSE lies on this distribution: 78% of detached houses houses are smaller than 23 MELLANBY CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Margate.

23 MELLANBY CLOSE: Plot and Title Map

23 MELLANBY CLOSE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 23 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 23 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 23 MELLANBY CLOSE?

23 MELLANBY CLOSE is located in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of No. 23 on MELLANBY CLOSE.