38, GRENHAM ROAD, BIRCHINGTON, CT7 9JG - £425,000

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

38 GRENHAM ROAD is a large detached house of 128m², built sometime between 1967 and 1975. It was last sold for £425,000 in November 2022, which was around 18% below the average November 2022 detached price in the Thanet local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was C.

38 GRENHAM ROAD Sold Prices

Land registry data shows two sales for 38 GRENHAM ROAD 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 38 GRENHAM ROAD 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 9 NOV	£425,000	£518,373	18% below HPI
1997 28 NOV	£76,000	£81,574	7% below HPI

38 GRENHAM ROAD 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 38 GRENHAM ROAD sales from November 1997 and November 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 November 1997 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the November 2022 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 38 GRENHAM ROAD?

38 GRENHAM ROAD is 128m² according to the EPC inspection conducted in June 2022. This puts it in the largest 40% of detached houses in Margate, based on EPC data. The below chart shows the distribution of detached houses by size in Margate, and where 38 GRENHAM ROAD lies on this distribution: 69% of detached houses are smaller than 38 GRENHAM ROAD, and 30% of houses are larger. Note that EPC data is not available for all properties in Margate.

38 GRENHAM ROAD: Plot and Title Map

38 GRENHAM ROAD sits on a plot of roughly 0.115 of an acre, or 465m². The below map shows the location of 38 GRENHAM ROAD, 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 38 GRENHAM ROAD). 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 38 GRENHAM ROAD?

38 GRENHAM ROAD is located in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of No. 38 on GRENHAM ROAD.