56, ELMLEY WAY, MARGATE, CT9 4ER - £215,000

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

56 ELMLEY WAY is a very small detached house of 72m², built sometime between 1950 and 1966. It was last sold for £215,000 in December 2014, which was around 24% below the average December 2014 detached price in the Thanet local authority area. The most recent EPC inspection was January 2011, where the current energy rating was D, and the potential energy rating was C.

56 ELMLEY WAY Sold Prices

Land registry data shows two sales for 56 ELMLEY WAY 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 56 ELMLEY WAY 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
2014 18 DEC	£215,000	£283,025	24% below HPI
2011 6 MAY	£157,500	£230,195	32% below HPI

56 ELMLEY WAY 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 56 ELMLEY WAY sales from May 2011 and December 2014 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 2011 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the December 2014 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 56 ELMLEY WAY?

56 ELMLEY WAY is 72m² according to the EPC inspection conducted in January 2011. This puts it in the smallest 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 56 ELMLEY WAY lies on this distribution: 11% of detached houses are smaller than 56 ELMLEY WAY, and 89% of houses are larger. Note that EPC data is not available for all properties in Margate.

56 ELMLEY WAY: Plot and Title Map

56 ELMLEY WAY sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of 56 ELMLEY WAY, 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 56 ELMLEY WAY). 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 56 ELMLEY WAY?

56 ELMLEY WAY is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 56 on ELMLEY WAY.