37, THE RIDGEWAY, MARGATE, CT9 2TL - £435,000

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.

37 THE RIDGEWAY is a midsized extended detached house of 99m², built sometime between 1930 and 1949, which could now be worth an estimated £427,008. It was last sold for £435,000 in April 2022, which was around 13% below the average April 2022 detached price in the Thanet local authority area. The most recent EPC inspection was July 2021, where the current energy rating was E, and the potential energy rating was C.

37 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 37 THE RIDGEWAY 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 37 THE RIDGEWAY 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
2022 14 APR	£435,000	£498,143	13% below HPI
2002 14 AUG	£149,995	£166,933	10% below HPI

37 THE RIDGEWAY 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 37 THE RIDGEWAY sales from August 2002 and April 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 2002 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the April 2022 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 37 THE RIDGEWAY be worth now?

37 THE RIDGEWAY might now be worth an estimated £427,008.

This is based on house price deflation of 1.8%, between April 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 1.8% deflationary decrease is applied to the most recent sale price for 37 THE RIDGEWAY of £435,000 on 14th April 2022. For the value to have decreased from £435,000 to £427,008 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 37 THE RIDGEWAY has moved in line with the HPI for detached houses in the Thanet local authority area.
• The April 2022 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 37 THE RIDGEWAY has not materially changed since April 2022.

How Large is 37 THE RIDGEWAY?

37 THE RIDGEWAY is 99m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the smallest 50% 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 37 THE RIDGEWAY lies on this distribution: 44% of detached houses houses are smaller than 37 THE RIDGEWAY, and 55% of houses are larger. Note that EPC data is not available for all properties in Margate.

37 THE RIDGEWAY: Plot and Title Map

37 THE RIDGEWAY sits on a plot of roughly 0.142 of an acre, or 576m². The below map shows the location of 37 THE RIDGEWAY, 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 37 THE RIDGEWAY). 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 37 THE RIDGEWAY?

37 THE RIDGEWAY is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 37 on THE RIDGEWAY.