8, FRIENDLY CLOSE, MARGATE, CT9 3LL - £250,000

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 FRIENDLY CLOSE is a midsized extended detached house of 113m², built sometime between 1967 and 1975. It was last sold for £250,000 in January 2016, which was around 20% below the average January 2016 detached price in the Thanet local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

8 FRIENDLY CLOSE Sold Prices

Land registry data shows two sales for 8 FRIENDLY 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. Both of the two 8 FRIENDLY CLOSE 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
2016 7 JAN	£250,000	£312,544	20% below HPI
2007 12 DEC	£195,000	£273,046	29% below HPI

8 FRIENDLY 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 8 FRIENDLY CLOSE sales from December 2007 and January 2016 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 2007 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the January 2016 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 8 FRIENDLY CLOSE?

8 FRIENDLY CLOSE is 113m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the largest 50% 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 FRIENDLY CLOSE lies on this distribution: 57% of detached houses are smaller than 8 FRIENDLY CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Margate.

8 FRIENDLY CLOSE: Plot and Title Map

8 FRIENDLY CLOSE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 8 FRIENDLY 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 FRIENDLY 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 FRIENDLY CLOSE?

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