79, PARK LANE, BIRCHINGTON, CT7 0AU - £375,000

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

79 PARK LANE is a large extended detached house of 122m², built sometime between 1967 and 1975. It was last sold for £375,000 in January 2020, which was around 5% below the average January 2020 detached price in the Thanet local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

79 PARK LANE Sold Prices

Land registry data shows three sales for 79 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 79 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
2020 31 JAN	£375,000	£394,502	5% below HPI
2011 1 DEC	£175,000	£240,043	27% below HPI
1997 23 MAY	£57,500	£76,743	25% below HPI

79 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 79 PARK LANE sales between May 1997 and January 2020 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 December 2011 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the January 2020 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 79 PARK LANE?

79 PARK LANE is 122m², which includes three extensions, according to the EPC inspection conducted in May 2018. 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 79 PARK LANE lies on this distribution: 64% of detached houses are smaller than 79 PARK LANE, and 35% of houses are larger. Note that EPC data is not available for all properties in Margate.

79 PARK LANE: Plot and Title Map

79 PARK LANE sits on a plot of roughly 0.142 of an acre, or 576m². The below map shows the location of 79 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 79 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 79 PARK LANE?

79 PARK LANE is located in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of No. 79 on PARK LANE.