69, PARK LANE, BIRCHINGTON, CT7 0AU - £245,000

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

69 PARK LANE is a large extended detached house of 127m², built sometime between 1950 and 1966. It was last sold for £245,000 in February 2016, which was around 23% below the average February 2016 detached price in the Thanet local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

69 PARK LANE Sold Prices

Land registry data shows three sales for 69 PARK LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Thanet local authority area for the corresponding sale date. All of the three 69 PARK LANE 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
2016 19 FEB	£245,000	£316,326	23% below HPI
2013 28 JUN	£125,000	£237,312	47% below HPI
1998 22 DEC	£66,000	£88,275	25% below HPI

69 PARK LANE 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 three 69 PARK LANE sales between December 1998 and February 2016 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 June 2013 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the February 2016 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 69 PARK LANE?

69 PARK LANE is 127m², which includes two extensions, according to the EPC inspection conducted in March 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 69 PARK LANE lies on this distribution: 68% of detached houses are smaller than 69 PARK LANE, and 31% of houses are larger. Note that EPC data is not available for all properties in Margate.

69 PARK LANE: Plot and Title Map

69 PARK LANE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 69 PARK LANE, 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 69 PARK LANE). 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 69 PARK LANE?

69 PARK LANE is located in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of No. 69 on PARK LANE.