388, MARGATE ROAD, RAMSGATE, CT12 6SJ - £325,000

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

388 MARGATE ROAD is a very small detached house of 66m², built sometime between 1950 and 1966. It was last sold for £325,000 in May 2022, which was around 34% below the average May 2022 detached price in the Thanet local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

388 MARGATE ROAD Sold Prices

Land registry data shows two sales for 388 MARGATE 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 388 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
2022 20 MAY	£325,000	£495,531	34% below HPI
1997 22 DEC	£58,000	£83,021	30% below HPI

388 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 two 388 MARGATE ROAD sales from December 1997 and May 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 December 1997 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the May 2022 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 388 MARGATE ROAD?

388 MARGATE ROAD is 66m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 20% of detached houses in Ramsgate, based on EPC data. The below chart shows the distribution of detached houses by size in Ramsgate, and where 388 MARGATE ROAD lies on this distribution: 13% of detached houses are smaller than 388 MARGATE ROAD, and 86% of houses are larger. Note that EPC data is not available for all properties in Ramsgate.

388 MARGATE ROAD: Plot and Title Map

388 MARGATE ROAD sits on a plot of roughly 0.148 of an acre, or 599m². The below map shows the location of 388 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 388 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 388 MARGATE ROAD?

388 MARGATE ROAD is located in RAMSGATE, in the CT12 postcode district. The below map shows the position of No. 388 on MARGATE ROAD.