4, THE PARKWAY, BIRCHINGTON, CT7 9XG - £325,000

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 THE PARKWAY is a small detached house of 87m², built sometime between 1996 and 2002. It was last sold for £325,000 in August 2017, which was around 12% below the average August 2017 detached price in the Thanet local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

4 THE PARKWAY Sold Prices

Land registry data shows three sales for 4 THE PARKWAY 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. Two of the three 4 THE PARKWAY sales were for below the average price, whilst one was 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 14 AUG	£325,000	£370,015	12% below HPI
2011 17 MAY	£200,000	£230,195	13% below HPI
2000 11 AUG	£127,000	£115,129	10% above HPI

4 THE PARKWAY 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 THE PARKWAY sales between August 2000 and August 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 May 2011 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2017 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 4 THE PARKWAY?

4 THE PARKWAY is 87m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 30% 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 THE PARKWAY lies on this distribution: 29% of detached houses are smaller than 4 THE PARKWAY, and 71% of houses are larger. Note that EPC data is not available for all properties in Margate.

4 THE PARKWAY: Plot and Title Map

4 THE PARKWAY sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 4 THE PARKWAY, 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 PARKWAY). 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 PARKWAY?

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