SHANGRILA, STEPHENS CLOSE, MARGATE, CT9 5LZ - £470,000

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

SHANGRILA is a midsized extended detached house of 115m², built sometime between 1983 and 1990, which could now be worth an estimated £490,998. It was last sold for £470,000 in September 2021, which was about the average September 2021 detached price in the Thanet local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

SHANGRILA Sold Prices

Land registry data shows two sales for SHANGRILA 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. One of the two SHANGRILA sales was roughly equal to the average price, whilst the other 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
2021 30 SEP	£470,000	£468,079	Close to HPI
2008 3 APR	£270,000	£275,153	2% below HPI

SHANGRILA 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 SHANGRILA sales from April 2008 and September 2021 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 2008 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the September 2021 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might SHANGRILA be worth now?

SHANGRILA might now be worth an estimated £490,998.

This is based on house price inflation of 4.5%, between September 2021 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 4.5% inflationary increase is applied to the most recent sale price for SHANGRILA of £470,000 on 30th September 2021. For the value to have increased from £470,000 to £490,998 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of SHANGRILA has moved in line with the HPI for detached houses in the Thanet local authority area.
• The September 2021 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of SHANGRILA has not materially changed since September 2021.

How Large is SHANGRILA?

SHANGRILA is 115m², which includes three extensions, according to the EPC inspection conducted in May 2021. This puts it in the largest 50% 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 SHANGRILA lies on this distribution: 59% of detached houses houses are smaller than SHANGRILA, and 40% of houses are larger. Note that EPC data is not available for all properties in Margate.

SHANGRILA: Plot and Title Map

SHANGRILA sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of SHANGRILA, 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 SHANGRILA). 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 SHANGRILA?

SHANGRILA is located on STEPHENS CLOSE in MARGATE, in the CT9 postcode district. The below map shows the position of SHANGRILA on STEPHENS CLOSE.