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 NEWINGTON ROAD is a large extended detached house of 114m², built sometime between 1950 and 1966. It was last sold for £365,000 in October 2022, which was around 29% below the average October 2022 detached price in the Thanet local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was C.
Land registry data shows five sales for 8 NEWINGTON ROAD since 1st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Thanet local authority area for the corresponding sale date. All of the five 8 NEWINGTON ROAD 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 |
---|---|---|---|
2022 12 OCT | £365,000 | £515,904 | 29% below HPI |
2020 1 APR | £270,000 | £389,147 | 31% below HPI |
2016 22 JUL | £265,000 | £335,200 | 21% below HPI |
2006 1 SEP | £222,500 | £247,340 | 10% below HPI |
2002 7 FEB | £115,000 | £143,835 | 20% below HPI |
The below graph shows the average detached house price in the Thanet local authority area over time, sourced from the HPI. The five 8 NEWINGTON ROAD sales between February 2002 and October 2022 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 April 2020 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2022 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.
8 NEWINGTON ROAD is 114m², which includes two extensions, according to the EPC inspection conducted in July 2022. This puts it in the largest 40% of detached houses in Ramsgate, based on EPC data. The below chart shows the distribution of detached houses by size in Ramsgate, and where 8 NEWINGTON ROAD lies on this distribution: 63% of detached houses are smaller than 8 NEWINGTON ROAD, and 36% of houses are larger. Note that EPC data is not available for all properties in Ramsgate.
8 NEWINGTON ROAD sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 8 NEWINGTON ROAD, 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 NEWINGTON ROAD). 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.
8 NEWINGTON ROAD is located in RAMSGATE, in the CT11 postcode district. The below map shows the position of No. 8 on NEWINGTON ROAD.