81, PARK LANE, BIRCHINGTON, CT7 0AU - £325,000

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

81 PARK LANE is a very small detached house of 79m², built sometime between 1950 and 1966. It was last sold for £325,000 in October 2018, which was around 19% below the average October 2018 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 B.

81 PARK LANE Sold Prices

Land registry data shows two sales for 81 PARK LANE 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 81 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
2018 25 OCT	£325,000	£400,535	19% below HPI
2000 24 NOV	£85,000	£120,528	29% below HPI

81 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 two 81 PARK LANE sales from November 2000 and October 2018 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 2000 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the October 2018 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 81 PARK LANE?

81 PARK LANE is 79m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 20% of detached houses in Margate, based on EPC data. The below chart shows the distribution of detached houses by size in Margate, and where 81 PARK LANE lies on this distribution: 19% of detached houses are smaller than 81 PARK LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Margate.

81 PARK LANE: Plot and Title Map

81 PARK LANE sits on a plot of roughly 0.145 of an acre, or 587m². The below map shows the location of 81 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 81 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 81 PARK LANE?

81 PARK LANE is located in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of No. 81 on PARK LANE.