9, OAK TREE GROVE, MARGATE, CT9 5LF - £290,000

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.

9 OAK TREE GROVE is a small extended semi-detached house of 91m², built sometime between 1967 and 1975, which could now be worth an estimated £357,431. It was last sold for £290,000 in June 2018, which was around 7% above the average June 2018 semi-detached price in the Thanet local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

9 OAK TREE GROVE Sold Prices

Land registry data shows four sales for 9 OAK TREE GROVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Thanet local authority area for the corresponding sale date. All of the four 9 OAK TREE GROVE sales were for above 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 29 JUN	£290,000	£269,854	7% above HPI
2007 25 MAY	£187,000	£182,694	2% above HPI
2005 27 JUN	£189,995	£166,713	14% above HPI
2001 1 NOV	£102,000	£87,336	17% above HPI

9 OAK TREE GROVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Thanet local authority area over time, sourced from the HPI. The four 9 OAK TREE GROVE sales between November 2001 and June 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 May 2007 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the June 2018 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 9 OAK TREE GROVE be worth now?

9 OAK TREE GROVE might now be worth an estimated £357,431.

This is based on house price inflation of 23.3%, between June 2018 and February 2025, for semi-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 23.3% inflationary increase is applied to the most recent sale price for 9 OAK TREE GROVE of £290,000 on 29th June 2018. For the value to have increased from £290,000 to £357,431 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of 9 OAK TREE GROVE has moved in line with the HPI for semi-detached houses in the Thanet local authority area.
• The June 2018 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 9 OAK TREE GROVE has not materially changed since June 2018.

How Large is 9 OAK TREE GROVE?

9 OAK TREE GROVE is 91m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the smallest 40% of semi-detached houses houses in Margate, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Margate, and where 9 OAK TREE GROVE lies on this distribution: 33% of semi-detached houses houses are smaller than 9 OAK TREE GROVE, and 66% of houses are larger. Note that EPC data is not available for all properties in Margate.

9 OAK TREE GROVE: Plot and Title Map

9 OAK TREE GROVE sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 9 OAK TREE GROVE, 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 9 OAK TREE GROVE). 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 9 OAK TREE GROVE?

9 OAK TREE GROVE is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 9 on OAK TREE GROVE.