4, THE GROVE, WESTGATE-ON-SEA, CT8 8AS - £400,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 THE GROVE is a very large detached house of 550m², built sometime before 1900, which could now be worth an estimated £1,001,866. It was last sold for £400,000 in March 2003, which was around 105% above the average March 2003 detached price in the Thanet local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was C.

4 THE GROVE Sold Prices

Land registry data shows two sales for 4 THE GROVE 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 4 THE GROVE 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
2003 5 MAR	£400,000	£195,232	105% above HPI
1998 15 JAN	£122,500	£85,328	44% above HPI

4 THE GROVE 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 4 THE GROVE sales from January 1998 and March 2003 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 1998 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the March 2003 sale, where it rises to 105% above the HPI. The line then continues to track at 105% above the HPI.

What might 4 THE GROVE be worth now?

4 THE GROVE might now be worth an estimated £1,001,866.

This is based on house price inflation of 150.5%, between March 2003 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 150.5% inflationary increase is applied to the most recent sale price for 4 THE GROVE of £400,000 on 5th March 2003. For the value to have increased from £400,000 to £1,001,866 over the 22 years and one month to February 2025, the following assumptions must hold true:

• The value of 4 THE GROVE has moved in line with the HPI for detached houses in the Thanet local authority area.
• The March 2003 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE GROVE has not materially changed since March 2003.

How Large is 4 THE GROVE?

4 THE GROVE is 550m² according to the EPC inspection conducted in July 2012. This puts it in the largest 10% of detached houses houses in Margate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Margate, and where 4 THE GROVE lies on this distribution: More than 99% of detached houses houses are smaller than 4 THE GROVE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Margate.

4 THE GROVE: Plot and Title Map

4 THE GROVE sits on a plot of roughly 1.5 acres, or 6,174m². The below map shows the location of 4 THE GROVE, 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 THE GROVE). 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 THE GROVE?

4 THE GROVE is located in WESTGATE-ON-SEA, in the CT8 postcode district. The below map shows the position of No. 4 on THE GROVE.