48, MADEIRA ROAD, MARGATE, CT9 2QQ - £315,000

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

48 MADEIRA ROAD is a small extended detached house of 95m², built sometime between 1900 and 1929. It was last sold for £315,000 in September 2023, which was around 36% below the average September 2023 detached price in the Thanet local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was C.

48 MADEIRA ROAD Sold Prices

Land registry data shows two sales for 48 MADEIRA ROAD 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 48 MADEIRA ROAD 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
2023 28 SEP	£315,000	£489,658	36% below HPI
2016 8 JAN	£140,000	£312,544	55% below HPI

48 MADEIRA ROAD 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 48 MADEIRA ROAD sales from January 2016 and September 2023 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 2016 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the September 2023 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 48 MADEIRA ROAD?

48 MADEIRA ROAD is 95m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the smallest 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 48 MADEIRA ROAD lies on this distribution: 39% of detached houses are smaller than 48 MADEIRA ROAD, and 60% of houses are larger. Note that EPC data is not available for all properties in Margate.

48 MADEIRA ROAD: Plot and Title Map

48 MADEIRA ROAD sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 48 MADEIRA ROAD, 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 48 MADEIRA ROAD). 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 48 MADEIRA ROAD?

48 MADEIRA ROAD is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 48 on MADEIRA ROAD.