24, ELMLEY WAY, MARGATE, CT9 4ES - £325,000

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.

24 ELMLEY WAY is a very small semi-detached house of 67m², built sometime between 1950 and 1966, which could now be worth an estimated £309,019. It was last sold for £325,000 in June 2022, which was around 7% below the average June 2022 semi-detached price in the Thanet local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

24 ELMLEY WAY Sold Prices

Land registry data shows two sales for 24 ELMLEY WAY 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 24 ELMLEY WAY 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
2022 17 JUN	£325,000	£349,801	7% below HPI
2006 29 SEP	£160,000	£173,556	8% below HPI

24 ELMLEY WAY 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 24 ELMLEY WAY sales from September 2006 and June 2022 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 September 2006 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the June 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 24 ELMLEY WAY be worth now?

24 ELMLEY WAY might now be worth an estimated £309,019.

This is based on house price deflation of 4.9%, between June 2022 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 4.9% deflationary decrease is applied to the most recent sale price for 24 ELMLEY WAY of £325,000 on 17th June 2022. For the value to have decreased from £325,000 to £309,019 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 24 ELMLEY WAY has moved in line with the HPI for semi-detached houses in the Thanet local authority area.
• The June 2022 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 24 ELMLEY WAY has not materially changed since June 2022.

How Large is 24 ELMLEY WAY?

24 ELMLEY WAY is 67m² according to the EPC inspection conducted in March 2022. 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 24 ELMLEY WAY lies on this distribution: 7% of semi-detached houses houses are smaller than 24 ELMLEY WAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Margate.

24 ELMLEY WAY: Plot and Title Map

24 ELMLEY WAY sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 24 ELMLEY 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 24 ELMLEY 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.

Where is 24 ELMLEY WAY?

24 ELMLEY WAY is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 24 on ELMLEY WAY.