7, OCEAN CLOSE, BIRCHINGTON, CT7 9HX - £149,500

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

7 OCEAN CLOSE is a small detached house of 84m², built sometime between 1950 and 1966. It was last sold for £149,500 in April 2002, which was about the average April 2002 detached price in the Thanet local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

7 OCEAN CLOSE Sold Prices

Land registry data shows two sales for 7 OCEAN CLOSE 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. One of the two 7 OCEAN CLOSE sales was roughly equal to the average price, whilst the other was 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
2002 9 APR	£149,500	£149,387	Close to HPI
1998 21 JAN	£82,500	£83,442	1% below HPI

7 OCEAN 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 two 7 OCEAN CLOSE sales from January 1998 and April 2002 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 1998 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the April 2002 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 7 OCEAN CLOSE?

7 OCEAN CLOSE is 84m² according to the EPC inspection conducted in September 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 7 OCEAN CLOSE lies on this distribution: 24% of detached houses are smaller than 7 OCEAN CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Margate.

7 OCEAN CLOSE: Plot and Title Map

7 OCEAN CLOSE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 7 OCEAN 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 7 OCEAN 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 7 OCEAN CLOSE?

7 OCEAN CLOSE is located in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of No. 7 on OCEAN CLOSE.