5, MELSETTER CLOSE, BIRCHINGTON, CT7 9AR - £340,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

5 MELSETTER CLOSE is a midsized detached house of 99m², built sometime between 1967 and 1975. It was last sold for £340,000 in October 2024, which was around 29% below the average October 2024 detached price in the Thanet local authority area. The most recent EPC inspection was February 2024, where the current energy rating was D, and the potential energy rating was C.

5 MELSETTER CLOSE Sold Prices

Land registry data shows four sales for 5 MELSETTER CLOSE 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 5 MELSETTER CLOSE 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
2024 14 OCT	£340,000	£482,208	29% below HPI
2014 29 AUG	£200,000	£268,484	26% below HPI
2001 7 DEC	£110,000	£142,015	23% below HPI
1996 13 DEC	£58,500	£73,061	20% below HPI

5 MELSETTER CLOSE 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 5 MELSETTER CLOSE sales between December 1996 and October 2024 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 August 2014 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2024 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 5 MELSETTER CLOSE?

5 MELSETTER CLOSE is 99m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 50% of detached houses in Margate, based on EPC data. The below chart shows the distribution of detached houses by size in Margate, and where 5 MELSETTER CLOSE lies on this distribution: 44% of detached houses are smaller than 5 MELSETTER CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Margate.

5 MELSETTER CLOSE: Plot and Title Map

5 MELSETTER CLOSE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 5 MELSETTER CLOSE, 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 5 MELSETTER CLOSE). 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 5 MELSETTER CLOSE?

5 MELSETTER CLOSE is located in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of No. 5 on MELSETTER CLOSE.