40, CLARENCE AVENUE, MARGATE, CT9 3DR - £500,000

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

40 CLARENCE AVENUE is a very large extended detached house of 175m², built sometime between 1950 and 1966. It was last sold for £500,000 in November 2017, which was around 31% above the average November 2017 detached price in the Thanet local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was C.

40 CLARENCE AVENUE Sold Prices

Land registry data shows two sales for 40 CLARENCE AVENUE 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. One of the two 40 CLARENCE AVENUE sales was for above the average price, whilst the other was 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
2017 9 NOV	£500,000	£381,090	31% above HPI
2003 7 NOV	£199,995	£207,274	4% below HPI

40 CLARENCE 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 two 40 CLARENCE AVENUE sales from November 2003 and November 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 2003 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the November 2017 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 40 CLARENCE AVENUE?

40 CLARENCE AVENUE is 175m², which includes two extensions, according to the EPC inspection conducted in May 2017. This puts it in the largest 20% of detached houses in Margate, based on EPC data. The below chart shows the distribution of detached houses by size in Margate, and where 40 CLARENCE AVENUE lies on this distribution: 89% of detached houses are smaller than 40 CLARENCE AVENUE, and 11% of houses are larger. Note that EPC data is not available for all properties in Margate.

40 CLARENCE AVENUE: Plot and Title Map

40 CLARENCE AVENUE sits on a plot of roughly 0.182 of an acre, or 737m². The below map shows the location of 40 CLARENCE 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 40 CLARENCE 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 40 CLARENCE AVENUE?

40 CLARENCE AVENUE is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 40 on CLARENCE AVENUE.