4, OCEAN CLOSE, BIRCHINGTON, CT7 9HX - £400,000

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

4 OCEAN CLOSE is a small extended detached house of 93m², built sometime between 1950 and 1966. It was last sold for £400,000 in June 2017, which was around 12% above the average June 2017 detached price in the Thanet local authority area. The most recent EPC inspection was January 2017, where the current energy rating was E, and the potential energy rating was C.

4 OCEAN CLOSE Sold Prices

Land registry data shows three sales for 4 OCEAN CLOSE 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 4 OCEAN CLOSE sales were for above 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 19 JUN	£400,000	£358,311	12% above HPI
1997 4 NOV	£89,000	£81,574	9% above HPI
1996 12 SEP	£87,995	£72,110	22% above HPI

4 OCEAN CLOSE 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 4 OCEAN CLOSE sales between September 1996 and June 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 November 1997 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the June 2017 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 4 OCEAN CLOSE?

4 OCEAN CLOSE is 93m², which includes three extensions, according to the EPC inspection conducted in January 2017. This puts it in the smallest 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 4 OCEAN CLOSE lies on this distribution: 36% of detached houses are smaller than 4 OCEAN CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Margate.

4 OCEAN CLOSE: Plot and Title Map

4 OCEAN CLOSE sits on a plot of roughly 0.160 of an acre, or 649m². The below map shows the location of 4 OCEAN CLOSE, 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 4 OCEAN CLOSE). 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 4 OCEAN CLOSE?

4 OCEAN CLOSE is located in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of No. 4 on OCEAN CLOSE.