289, MARGATE ROAD, RAMSGATE, CT12 6TE - £325,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

289 MARGATE ROAD is a very large extended detached house of 148m², built sometime between 1930 and 1949. It was last sold for £325,000 in June 2018, which was around 17% below the average June 2018 detached price in the Thanet local authority area. The most recent EPC inspection was November 2017, where the current energy rating was F, and the potential energy rating was D.

289 MARGATE ROAD Sold Prices

Land registry data shows two sales for 289 MARGATE 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 289 MARGATE 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
2018 1 JUN	£325,000	£393,239	17% below HPI
1997 14 FEB	£70,000	£72,588	4% below HPI

289 MARGATE 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 289 MARGATE ROAD sales from February 1997 and June 2018 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 February 1997 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the June 2018 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 289 MARGATE ROAD?

289 MARGATE ROAD is 148m², which includes one extension, according to the EPC inspection conducted in November 2017. This puts it in the largest 20% of detached houses in Ramsgate, based on EPC data. The below chart shows the distribution of detached houses by size in Ramsgate, and where 289 MARGATE ROAD lies on this distribution: 80% of detached houses are smaller than 289 MARGATE ROAD, and 19% of houses are larger. Note that EPC data is not available for all properties in Ramsgate.

289 MARGATE ROAD: Plot and Title Map

289 MARGATE ROAD sits on a plot of roughly 0.224 of an acre, or 907m². The below map shows the location of 289 MARGATE 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 289 MARGATE 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 289 MARGATE ROAD?

289 MARGATE ROAD is located in RAMSGATE, in the CT12 postcode district. The below map shows the position of No. 289 on MARGATE ROAD.