41, PALM BAY AVENUE, CLIFTONVILLE, MARGATE, CT9 3NR - £340,000

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

41 PALM BAY AVENUE is a large detached house of 123m², built sometime between 1967 and 1975. It was last sold for £340,000 in June 2015, which was around 19% above the average June 2015 detached price in the Thanet local authority area. The most recent EPC inspection was September 2014, where the current energy rating was B, and the potential energy rating was B.

41 PALM BAY AVENUE Sold Prices

Land registry data shows two sales for 41 PALM BAY 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. Both of the two 41 PALM BAY AVENUE 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
2015 18 JUN	£340,000	£286,413	19% above HPI
1997 16 MAY	£83,000	£76,743	8% above HPI

41 PALM BAY 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 41 PALM BAY AVENUE sales from May 1997 and June 2015 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 1997 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the June 2015 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 41 PALM BAY AVENUE?

41 PALM BAY AVENUE is 123m² according to the EPC inspection conducted in September 2014. This puts it in the largest 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 41 PALM BAY AVENUE lies on this distribution: 65% of detached houses are smaller than 41 PALM BAY AVENUE, and 34% of houses are larger. Note that EPC data is not available for all properties in Margate.

41 PALM BAY AVENUE: Plot and Title Map

41 PALM BAY AVENUE sits on a plot of roughly 0.118 of an acre, or 479m². The below map shows the location of 41 PALM BAY 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 41 PALM BAY 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 41 PALM BAY AVENUE?

41 PALM BAY AVENUE is located in CLIFTONVILLE, in the CT9 postcode district. The below map shows the position of No. 41 on PALM BAY AVENUE.