3, PARK CRESCENT ROAD, MARGATE, CT9 1UE - £327,000

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.

3 PARK CRESCENT ROAD is a very small extended detached house of 56m², built sometime between 1967 and 1975, which could now be worth an estimated £397,637. It was last sold for £327,000 in June 2018, which was around 19% below the average June 2018 detached price in the Thanet local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

3 PARK CRESCENT ROAD Sold Prices

Land registry data shows two sales for 3 PARK CRESCENT 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 3 PARK CRESCENT 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 26 JUN	£327,000	£402,126	19% below HPI
2016 21 SEP	£250,000	£348,915	28% below HPI

3 PARK CRESCENT 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 3 PARK CRESCENT ROAD sales from September 2016 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 September 2016 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the June 2018 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 3 PARK CRESCENT ROAD be worth now?

3 PARK CRESCENT ROAD might now be worth an estimated £397,637.

This is based on house price inflation of 21.6%, between June 2018 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 21.6% inflationary increase is applied to the most recent sale price for 3 PARK CRESCENT ROAD of £327,000 on 26th June 2018. For the value to have increased from £327,000 to £397,637 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of 3 PARK CRESCENT ROAD has moved in line with the HPI for detached houses in the Thanet local authority area.
• The June 2018 sale price of £327,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PARK CRESCENT ROAD has not materially changed since June 2018.

How Large is 3 PARK CRESCENT ROAD?

3 PARK CRESCENT ROAD is 56m², which includes one extension, according to the EPC inspection conducted in October 2017. This puts it in the smallest 10% 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 3 PARK CRESCENT ROAD lies on this distribution: 2% of detached houses houses are smaller than 3 PARK CRESCENT ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Margate.

3 PARK CRESCENT ROAD: Plot and Title Map

3 PARK CRESCENT ROAD sits on a plot of roughly 0.146 of an acre, or 589m². The below map shows the location of 3 PARK CRESCENT 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 3 PARK CRESCENT 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 3 PARK CRESCENT ROAD?

3 PARK CRESCENT ROAD is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 3 on PARK CRESCENT ROAD.