8, ELIOTS CLOSE, MARGATE, CT9 4GJ - £450,000

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

8 ELIOTS CLOSE is a large detached house of 132m², built in 2019. It was last sold for £450,000 in April 2021, which was around 5% above the average April 2021 detached price in the Thanet local authority area. The most recent EPC inspection was March 2021, where the current energy rating was B, and the potential energy rating was A.

8 ELIOTS CLOSE Sold Prices

Land registry data shows three sales for 8 ELIOTS CLOSE 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. One of the three 8 ELIOTS CLOSE sales was for above the average price, whilst two 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
2021 16 APR	£450,000	£429,347	5% above HPI
2018 11 NOV	£8,800	£399,951	98% below HPI
2017 18 OCT	£8,800	£375,331	98% below HPI

8 ELIOTS 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 three 8 ELIOTS CLOSE sales between October 2017 and April 2021 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 November 2018 sale was for 98% below the HPI. So the extrapolation line tracks at 98% below the HPI over time, until the April 2021 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 8 ELIOTS CLOSE?

8 ELIOTS CLOSE is 132m² according to the EPC inspection conducted in March 2021. This puts it in the largest 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 8 ELIOTS CLOSE lies on this distribution: 72% of detached houses are smaller than 8 ELIOTS CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Margate.

8 ELIOTS CLOSE: Plot and Title Map

8 ELIOTS CLOSE sits on a plot of roughly 0.008 of an acre, or 33m². The below map shows the location of 8 ELIOTS 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 8 ELIOTS 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 8 ELIOTS CLOSE?

8 ELIOTS CLOSE is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 8 on ELIOTS CLOSE.