394, MARGATE ROAD, RAMSGATE, CT12 6SJ - £146,500

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

394 MARGATE ROAD is a very small detached house of 68m², built sometime between 1950 and 1966. It was last sold for £146,500 in September 2012, which was around 40% below the average September 2012 detached price in the Thanet local authority area. The most recent EPC inspection was September 2010, where the current energy rating was D, and the potential energy rating was C.

394 MARGATE ROAD Sold Prices

Land registry data shows four sales for 394 MARGATE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Thanet local authority area for the corresponding sale date. All of the four 394 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
2012 7 SEP	£146,500	£243,496	40% below HPI
1999 29 JAN	£57,500	£89,262	36% below HPI
1997 22 SEP	£53,500	£79,127	32% below HPI
1995 3 NOV	£46,000	£72,551	37% below HPI

394 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 four 394 MARGATE ROAD sales between November 1995 and September 2012 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 January 1999 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the September 2012 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 394 MARGATE ROAD?

394 MARGATE ROAD is 68m² according to the EPC inspection conducted in September 2010. 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 394 MARGATE ROAD lies on this distribution: 16% of detached houses are smaller than 394 MARGATE ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Ramsgate.

394 MARGATE ROAD: Plot and Title Map

394 MARGATE ROAD sits on a plot of roughly 0.063 of an acre, or 257m². The below map shows the location of 394 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 394 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 394 MARGATE ROAD?

394 MARGATE ROAD is located in RAMSGATE, in the CT12 postcode district. The below map shows the position of No. 394 on MARGATE ROAD.