3, THE GROVE, WESTGATE-ON-SEA, CT8 8AS - £1,125,000

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 THE GROVE is a very large extended detached house of 318m², built sometime before 1900. It was last sold for £1,125,000 in March 2022, which was around 133% above the average March 2022 detached price in the Thanet local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was C.

3 THE GROVE Sold Prices

Land registry data shows three sales for 3 THE GROVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Thanet local authority area for the corresponding sale date. All of the three 3 THE GROVE 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
2022 21 MAR	£1,125,000	£482,971	133% above HPI
2015 13 AUG	£457,500	£294,095	56% above HPI
2009 2 SEP	£320,000	£230,959	39% above HPI

3 THE GROVE 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 three 3 THE GROVE sales between September 2009 and March 2022 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 August 2015 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the March 2022 sale, where it rises to 133% above the HPI. The line then continues to track at 133% above the HPI.

How Large is 3 THE GROVE?

3 THE GROVE is 318m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the largest 10% 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 THE GROVE lies on this distribution: 99% of detached houses are smaller than 3 THE GROVE, and 1% of houses are larger. Note that EPC data is not available for all properties in Margate.

3 THE GROVE: Plot and Title Map

3 THE GROVE sits on a plot of roughly 0.141 of an acre, or 570m². The below map shows the location of 3 THE GROVE, 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 THE GROVE). 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 THE GROVE?

3 THE GROVE is located in WESTGATE-ON-SEA, in the CT8 postcode district. The below map shows the position of No. 3 on THE GROVE.