3, PARK VIEW, MARGATE, CT9 2AU - £500,000

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

3 PARK VIEW is a very large extended detached house of 160m², built sometime between 1996 and 2002. It was last sold for £500,000 in December 2021, which was around 7% above the average December 2021 detached price in the Thanet local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was C.

3 PARK VIEW Sold Prices

Land registry data shows five sales for 3 PARK VIEW since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Thanet local authority area for the corresponding sale date. All of the five 3 PARK VIEW 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
2021 17 DEC	£500,000	£465,918	7% above HPI
2009 7 OCT	£277,000	£232,439	19% above HPI
2005 5 DEC	£279,000	£236,592	18% above HPI
2004 22 OCT	£243,000	£239,876	1% above HPI
2002 28 OCT	£225,000	£176,003	28% above HPI

3 PARK VIEW 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 five 3 PARK VIEW sales between October 2002 and December 2021 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 October 2009 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the December 2021 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 3 PARK VIEW?

3 PARK VIEW is 160m², which includes one extension, according to the EPC inspection conducted in October 2021. 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 3 PARK VIEW lies on this distribution: 84% of detached houses are smaller than 3 PARK VIEW, and 16% of houses are larger. Note that EPC data is not available for all properties in Margate.

3 PARK VIEW: Plot and Title Map

3 PARK VIEW sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 3 PARK VIEW, 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 VIEW). 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 VIEW?

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