3, WELLESLEY CLOSE, WESTGATE-ON-SEA, CT8 8DS - £308,000

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

3 WELLESLEY CLOSE is a midsized extended detached house of 102m², built sometime between 1950 and 1966. It was last sold for £308,000 in April 2018, which was around 19% below the average April 2018 detached price in the Thanet local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was C.

3 WELLESLEY CLOSE Sold Prices

Land registry data shows three sales for 3 WELLESLEY CLOSE 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 WELLESLEY CLOSE 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 6 APR	£308,000	£381,201	19% below HPI
2013 4 DEC	£211,000	£248,758	15% below HPI
2005 18 MAR	£155,000	£232,016	33% below HPI

3 WELLESLEY CLOSE 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 WELLESLEY CLOSE sales between March 2005 and April 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 December 2013 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the April 2018 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 3 WELLESLEY CLOSE?

3 WELLESLEY CLOSE is 102m², which includes one extension, according to the EPC inspection conducted in February 2010. This puts it in the smallest 50% 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 WELLESLEY CLOSE lies on this distribution: 48% of detached houses are smaller than 3 WELLESLEY CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Margate.

3 WELLESLEY CLOSE: Plot and Title Map

3 WELLESLEY CLOSE sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 3 WELLESLEY CLOSE, 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 WELLESLEY CLOSE). 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 WELLESLEY CLOSE?

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