251, RAMSGATE ROAD, MARGATE, CT9 4EN - £450,000

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.

251 RAMSGATE ROAD is a large detached house of 123m², built sometime between 1930 and 1949, which could now be worth an estimated £533,499. It was last sold for £450,000 in July 2020, which was around 9% above the average July 2020 detached price in the Thanet local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

251 RAMSGATE ROAD Sold Prices

Land registry data shows three sales for 251 RAMSGATE ROAD 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 251 RAMSGATE ROAD 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
2020 31 JUL	£450,000	£412,458	9% above HPI
2003 16 MAY	£245,000	£198,796	23% above HPI
1997 29 OCT	£99,500	£82,408	21% above HPI

251 RAMSGATE ROAD 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 251 RAMSGATE ROAD sales between October 1997 and July 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 May 2003 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the July 2020 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 251 RAMSGATE ROAD be worth now?

251 RAMSGATE ROAD might now be worth an estimated £533,499.

This is based on house price inflation of 18.6%, between July 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 18.6% inflationary increase is applied to the most recent sale price for 251 RAMSGATE ROAD of £450,000 on 31st July 2020. For the value to have increased from £450,000 to £533,499 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 251 RAMSGATE ROAD has moved in line with the HPI for detached houses in the Thanet local authority area.
• The July 2020 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 251 RAMSGATE ROAD has not materially changed since July 2020.

How Large is 251 RAMSGATE ROAD?

251 RAMSGATE ROAD is 123m² according to the EPC inspection conducted in February 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 251 RAMSGATE ROAD lies on this distribution: 65% of detached houses houses are smaller than 251 RAMSGATE ROAD, and 34% of houses are larger. Note that EPC data is not available for all properties in Margate.

251 RAMSGATE ROAD: Plot and Title Map

251 RAMSGATE ROAD sits on a plot of roughly 0.120 of an acre, or 486m². The below map shows the location of 251 RAMSGATE ROAD, 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 251 RAMSGATE ROAD). 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 251 RAMSGATE ROAD?

251 RAMSGATE ROAD is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 251 on RAMSGATE ROAD.