42B, PARK AVENUE, BIRCHINGTON, CT7 0DJ - £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

42B PARK AVENUE is a small extended detached house of 88m², built sometime between 1950 and 1966. It was last sold for £400,000 in July 2022, which was around 22% below the average July 2022 detached price in the Thanet local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

42B PARK AVENUE Sold Prices

Land registry data shows four sales for 42B PARK AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Thanet local authority area for the corresponding sale date. All of the four 42B PARK AVENUE sales were 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
2022 8 JUL	£400,000	£515,614	22% below HPI
2014 17 OCT	£242,500	£282,604	14% below HPI
2008 8 SEP	£190,000	£259,018	27% below HPI
2003 17 OCT	£174,500	£205,076	15% below HPI

42B PARK 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 four 42B PARK AVENUE sales between October 2003 and July 2022 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 October 2014 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the July 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 42B PARK AVENUE?

42B PARK AVENUE is 88m², which includes one extension, according to the EPC inspection conducted in June 2014. 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 42B PARK AVENUE lies on this distribution: 29% of detached houses are smaller than 42B PARK AVENUE, and 70% of houses are larger. Note that EPC data is not available for all properties in Margate.

42B PARK AVENUE: Plot and Title Map

42B PARK AVENUE sits on a plot of roughly 0.133 of an acre, or 540m². The below map shows the location of 42B PARK 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 42B PARK 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 42B PARK AVENUE?

42B PARK AVENUE is located in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of No. 42B on PARK AVENUE.