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

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 THE GROVE is a very large extended detached house of 318m², built sometime before 1900, which could now be worth an estimated £1,113,850. It was last sold for £1,125,000 in March 2022, which was around 128% 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	£493,886	128% above HPI
2015 13 AUG	£457,500	£300,741	52% above HPI
2009 2 SEP	£320,000	£236,179	35% 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 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the March 2022 sale, where it rises to 128% above the HPI. The line then continues to track at 128% above the HPI.

What might 3 THE GROVE be worth now?

3 THE GROVE might now be worth an estimated £1,113,850.

This is based on house price deflation of 1%, between March 2022 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 1% deflationary decrease is applied to the most recent sale price for 3 THE GROVE of £1,125,000 on 21st March 2022. For the value to have decreased from £1,125,000 to £1,113,850 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 3 THE GROVE has moved in line with the HPI for detached houses in the Thanet local authority area.
• The March 2022 sale price of £1,125,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE GROVE has not materially changed since March 2022.

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 houses in Margate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Margate, and where 3 THE GROVE lies on this distribution: 99% of detached houses 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.