CREAG HOUSE, THE PARADE, BIRCHINGTON, CT7 9LX - £625,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

CREAG HOUSE is a large extended detached house of 131m², built sometime between 1991 and 1995, which could now be worth an estimated £803,029. It was last sold for £625,000 in September 2017, which was around 64% above the average September 2017 detached price in the Thanet local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was C.

CREAG HOUSE Sold Prices

Land registry data shows two sales for CREAG HOUSE 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 CREAG HOUSE 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
2017 20 SEP	£625,000	£380,583	64% above HPI
2011 28 JUL	£370,000	£239,254	55% above HPI

CREAG HOUSE 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 CREAG HOUSE sales from July 2011 and September 2017 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 July 2011 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the September 2017 sale, where it rises to 64% above the HPI. The line then continues to track at 64% above the HPI.

What might CREAG HOUSE be worth now?

CREAG HOUSE might now be worth an estimated £803,029.

This is based on house price inflation of 28.5%, between September 2017 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 28.5% inflationary increase is applied to the most recent sale price for CREAG HOUSE of £625,000 on 20th September 2017. For the value to have increased from £625,000 to £803,029 over the eight years and seven months to February 2025, the following assumptions must hold true:

• The value of CREAG HOUSE has moved in line with the HPI for detached houses in the Thanet local authority area.
• The September 2017 sale price of £625,000 represented a fair market value for the property.
• The size, condition, and specification of CREAG HOUSE has not materially changed since September 2017.

How Large is CREAG HOUSE?

CREAG HOUSE is 131m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the largest 30% 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 CREAG HOUSE lies on this distribution: 71% of detached houses houses are smaller than CREAG HOUSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Margate.

CREAG HOUSE: Plot and Title Map

CREAG HOUSE sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of CREAG HOUSE, 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 CREAG HOUSE). 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 CREAG HOUSE?

CREAG HOUSE is located on THE PARADE in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of CREAG HOUSE on THE PARADE.