ASHMOUNT, LOWER NORTHDOWN AVENUE, MARGATE, CT9 2NJ - £412,000

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

ASHMOUNT is a very large detached house of 255m², built sometime between 1900 and 1929. It was last sold for £412,000 in December 2016, which was around 17% above the average December 2016 detached price in the Thanet local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

ASHMOUNT Sold Prices

Land registry data shows three sales for ASHMOUNT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Thanet local authority area for the corresponding sale date. Two of the three ASHMOUNT sales were for above the average price, whilst one was 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 22 DEC	£412,000	£352,910	17% above HPI
2005 15 AUG	£295,000	£240,664	23% above HPI
2004 24 SEP	£215,000	£237,170	9% below HPI

ASHMOUNT 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 three ASHMOUNT sales between September 2004 and December 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 August 2005 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the December 2016 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is ASHMOUNT?

ASHMOUNT is 255m² according to the EPC inspection conducted in March 2012. This puts it in the largest 10% of detached houses in Margate, based on EPC data. The below chart shows the distribution of detached houses by size in Margate, and where ASHMOUNT lies on this distribution: 97% of detached houses are smaller than ASHMOUNT, and 3% of houses are larger. Note that EPC data is not available for all properties in Margate.

ASHMOUNT: Plot and Title Map

ASHMOUNT sits on a plot of roughly 0.217 of an acre, or 877m². The below map shows the location of ASHMOUNT, 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 ASHMOUNT). 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 ASHMOUNT?

ASHMOUNT is located on LOWER NORTHDOWN AVENUE in MARGATE, in the CT9 postcode district. The below map shows the position of ASHMOUNT on LOWER NORTHDOWN AVENUE.