387, MARGATE ROAD, RAMSGATE, CT12 6SE - £259,995

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.

387 MARGATE ROAD is a very small detached house of 51m², built sometime between 1930 and 1949, which could now be worth an estimated £347,777. It was last sold for £259,995 in February 2017, which was around 29% below the average February 2017 detached price in the Thanet local authority area. The most recent EPC inspection was October 2012, where the current energy rating was C, and the potential energy rating was B.

387 MARGATE ROAD Sold Prices

Land registry data shows three sales for 387 MARGATE ROAD 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 387 MARGATE 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
2017 27 FEB	£259,995	£365,565	29% below HPI
2013 4 APR	£159,000	£238,732	33% below HPI
1999 12 OCT	£50,000	£99,594	50% below HPI

387 MARGATE 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 three 387 MARGATE ROAD sales between October 1999 and February 2017 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 April 2013 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the February 2017 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 387 MARGATE ROAD be worth now?

387 MARGATE ROAD might now be worth an estimated £347,777.

This is based on house price inflation of 33.8%, between February 2017 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 33.8% inflationary increase is applied to the most recent sale price for 387 MARGATE ROAD of £259,995 on 27th February 2017. For the value to have increased from £259,995 to £347,777 over the eight years to February 2025, the following assumptions must hold true:

• The value of 387 MARGATE ROAD has moved in line with the HPI for detached houses in the Thanet local authority area.
• The February 2017 sale price of £259,995 represented a fair market value for the property.
• The size, condition, and specification of 387 MARGATE ROAD has not materially changed since February 2017.

How Large is 387 MARGATE ROAD?

387 MARGATE ROAD is 51m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 10% of detached houses houses in Ramsgate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ramsgate, and where 387 MARGATE ROAD lies on this distribution: 2% of detached houses houses are smaller than 387 MARGATE ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Ramsgate.

387 MARGATE ROAD: Plot and Title Map

387 MARGATE ROAD sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 387 MARGATE 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 387 MARGATE 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 387 MARGATE ROAD?

387 MARGATE ROAD is located in RAMSGATE, in the CT12 postcode district. The below map shows the position of No. 387 on MARGATE ROAD.