3A, OMER AVENUE, MARGATE, CT9 3BU - £238,000

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

3A OMER AVENUE is a midsized detached house of 106m², built sometime between 1950 and 1966. It was last sold for £238,000 in October 2013, which was around 3% below the average October 2013 detached price in the Thanet local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

3A OMER AVENUE Sold Prices

Land registry data shows three sales for 3A OMER AVENUE 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 3A OMER AVENUE 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
2013 18 OCT	£238,000	£246,536	3% below HPI
2007 14 AUG	£247,500	£265,178	7% below HPI
2002 11 NOV	£162,000	£182,796	11% below HPI

3A OMER AVENUE 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 3A OMER AVENUE sales between November 2002 and October 2013 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 2007 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the October 2013 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 3A OMER AVENUE?

3A OMER AVENUE is 106m² according to the EPC inspection conducted in August 2022. This puts it in the largest 50% of detached houses in Margate, based on EPC data. The below chart shows the distribution of detached houses by size in Margate, and where 3A OMER AVENUE lies on this distribution: 51% of detached houses are smaller than 3A OMER AVENUE, and 48% of houses are larger. Note that EPC data is not available for all properties in Margate.

3A OMER AVENUE: Plot and Title Map

3A OMER AVENUE sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of 3A OMER AVENUE, 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 3A OMER AVENUE). 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 3A OMER AVENUE?

3A OMER AVENUE is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 3A on OMER AVENUE.