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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 FRIENDLY CLOSE is a midsized extended detached house of 113m², built sometime between 1967 and 1975, which could now be worth an estimated £382,493. It was last sold for £250,000 in January 2016, which was around 22% 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	£319,608	22% below HPI
2007 12 DEC	£195,000	£279,217	30% 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 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the January 2016 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 8 FRIENDLY CLOSE be worth now?

8 FRIENDLY CLOSE might now be worth an estimated £382,493.

This is based on house price inflation of 53%, between January 2016 and February 2025, for 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 53% inflationary increase is applied to the most recent sale price for 8 FRIENDLY CLOSE of £250,000 on 7th January 2016. For the value to have increased from £250,000 to £382,493 over the eight years and eleven months to February 2025, the following assumptions must hold true:

• The value of 8 FRIENDLY CLOSE has moved in line with the HPI for detached houses in the Thanet local authority area.
• The January 2016 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FRIENDLY CLOSE has not materially changed since January 2016.

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 houses in Margate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Margate, and where 8 FRIENDLY CLOSE lies on this distribution: 57% of detached houses 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.