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 SOUTHWOOD HEIGHTS is a small extended detached house of 81m², built sometime between 2003 and 2006. It was last sold for £385,000 in November 2022, which was around 26% below the average November 2022 detached price in the Thanet local authority area. The most recent EPC inspection was February 2017, where the current energy rating was C, and the potential energy rating was B.
Land registry data shows three sales for 7 SOUTHWOOD HEIGHTS since 1st 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 7 SOUTHWOOD HEIGHTS 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 |
---|---|---|---|
2022 17 NOV | £385,000 | £518,373 | 26% below HPI |
2018 24 AUG | £270,000 | £397,585 | 32% below HPI |
2002 8 NOV | £120,000 | £182,796 | 34% below HPI |
The below graph shows the average detached house price in the Thanet local authority area over time, sourced from the HPI. The three 7 SOUTHWOOD HEIGHTS sales between November 2002 and November 2022 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 2018 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the November 2022 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.
7 SOUTHWOOD HEIGHTS is 81m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 30% of detached houses in Ramsgate, based on EPC data. The below chart shows the distribution of detached houses by size in Ramsgate, and where 7 SOUTHWOOD HEIGHTS lies on this distribution: 29% of detached houses are smaller than 7 SOUTHWOOD HEIGHTS, and 70% of houses are larger. Note that EPC data is not available for all properties in Ramsgate.
7 SOUTHWOOD HEIGHTS sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 7 SOUTHWOOD HEIGHTS, 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 SOUTHWOOD HEIGHTS). 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.
7 SOUTHWOOD HEIGHTS is located in RAMSGATE, in the CT11 postcode district. The below map shows the position of No. 7 on SOUTHWOOD HEIGHTS.