27, MICHELLE GARDENS, MARGATE, CT9 5JX - £340,000

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 MICHELLE GARDENS is a small extended detached house of 82m², built sometime between 1967 and 1975. It was last sold for £340,000 in December 2020, which was around 20% below the average December 2020 detached price in the Thanet local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

27 MICHELLE GARDENS Sold Prices

Land registry data shows two sales for 27 MICHELLE GARDENS 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 MICHELLE GARDENS 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 11 DEC	£340,000	£426,741	20% below HPI
2011 9 DEC	£168,000	£240,043	30% below HPI

27 MICHELLE GARDENS 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 MICHELLE GARDENS sales from December 2011 and December 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 December 2011 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2020 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 27 MICHELLE GARDENS?

27 MICHELLE GARDENS is 82m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the smallest 30% 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 MICHELLE GARDENS lies on this distribution: 22% of detached houses are smaller than 27 MICHELLE GARDENS, and 77% of houses are larger. Note that EPC data is not available for all properties in Margate.

27 MICHELLE GARDENS: Plot and Title Map

27 MICHELLE GARDENS sits on a plot of roughly 0.119 of an acre, or 483m². The below map shows the location of 27 MICHELLE GARDENS, 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 MICHELLE GARDENS). 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 MICHELLE GARDENS?

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