7, SPENCER SQUARE, RAMSGATE, CT11 9LA - £375,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 SPENCER SQUARE is a large semi-detached house of 125m², built sometime before 1900, which could now be worth an estimated £380,599. It was last sold for £375,000 in December 2024, which was around 14% above the average December 2024 semi-detached price in the Thanet local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was B.

7 SPENCER SQUARE Sold Prices

Land registry data shows two sales for 7 SPENCER SQUARE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Thanet local authority area for the corresponding sale date. Both of the two 7 SPENCER SQUARE sales were for above 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 18 DEC	£375,000	£327,708	14% above HPI
2000 1 SEP	£122,000	£75,062	63% above HPI

7 SPENCER SQUARE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Thanet local authority area over time, sourced from the HPI. The two 7 SPENCER SQUARE sales from September 2000 and December 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 September 2000 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the December 2024 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 7 SPENCER SQUARE be worth now?

7 SPENCER SQUARE might now be worth an estimated £380,599.

This is based on house price inflation of 1.5%, between December 2024 and February 2025, for semi-detached houses, in the Thanet local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.5% inflationary increase is applied to the most recent sale price for 7 SPENCER SQUARE of £375,000 on 18th December 2024. For the value to have increased from £375,000 to £380,599 over the one year and ten months to February 2025, the following assumptions must hold true:

• The value of 7 SPENCER SQUARE has moved in line with the HPI for semi-detached houses in the Thanet local authority area.
• The December 2024 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SPENCER SQUARE has not materially changed since December 2024.

How Large is 7 SPENCER SQUARE?

7 SPENCER SQUARE is 125m² according to the EPC inspection conducted in March 2024. This puts it in the largest 40% of semi-detached houses houses in Ramsgate, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ramsgate, and where 7 SPENCER SQUARE lies on this distribution: 69% of semi-detached houses houses are smaller than 7 SPENCER SQUARE, and 31% of houses are larger. Note that EPC data is not available for all properties in Ramsgate.

7 SPENCER SQUARE: Plot and Title Map

7 SPENCER SQUARE sits on a plot of roughly 0.013 of an acre, or 53m². The below map shows the location of 7 SPENCER SQUARE, 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 SPENCER SQUARE). 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 SPENCER SQUARE?

7 SPENCER SQUARE is located in RAMSGATE, in the CT11 postcode district. The below map shows the position of No. 7 on SPENCER SQUARE.