27, APPROACH ROAD, MARGATE, CT9 2AN - £365,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

27 APPROACH ROAD is a very large detached house of 163m², built sometime between 1900 and 1929. It was last sold for £365,000 in May 2019, which was around 6% below the average May 2019 detached price in the Thanet local authority area. The most recent EPC inspection was February 2019, where the current energy rating was E, and the potential energy rating was B.

27 APPROACH ROAD Sold Prices

Land registry data shows two sales for 27 APPROACH ROAD 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 27 APPROACH ROAD 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
2019 10 MAY	£365,000	£388,166	6% below HPI
2002 10 APR	£117,000	£149,387	22% below HPI

27 APPROACH 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 two 27 APPROACH ROAD sales from April 2002 and May 2019 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 2002 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2019 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 27 APPROACH ROAD?

27 APPROACH ROAD is 163m² according to the EPC inspection conducted in February 2019. This puts it in the largest 20% of detached houses in Margate, based on EPC data. The below chart shows the distribution of detached houses by size in Margate, and where 27 APPROACH ROAD lies on this distribution: 85% of detached houses are smaller than 27 APPROACH ROAD, and 15% of houses are larger. Note that EPC data is not available for all properties in Margate.

27 APPROACH ROAD: Plot and Title Map

27 APPROACH ROAD sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 27 APPROACH 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 27 APPROACH 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 27 APPROACH ROAD?

27 APPROACH ROAD is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 27 on APPROACH ROAD.