1, PRINCES CLOSE, BIRCHINGTON, CT7 9PD - £260,000

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.

1 PRINCES CLOSE is a very small detached house of 69m², built sometime between 1930 and 1949, which could now be worth an estimated £342,980. It was last sold for £260,000 in April 2017, which was around 29% below the average April 2017 detached price in the Thanet local authority area. The most recent EPC inspection was February 2010, where the current energy rating was C, and the potential energy rating was C.

1 PRINCES CLOSE Sold Prices

Land registry data shows two sales for 1 PRINCES CLOSE 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 1 PRINCES CLOSE 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
2017 13 APR	£260,000	£363,803	29% below HPI
2009 7 OCT	£140,000	£237,692	41% below HPI

1 PRINCES CLOSE 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 1 PRINCES CLOSE sales from October 2009 and April 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 October 2009 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the April 2017 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 1 PRINCES CLOSE be worth now?

1 PRINCES CLOSE might now be worth an estimated £342,980.

This is based on house price inflation of 31.9%, between April 2017 and May 2026, 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 31.9% inflationary increase is applied to the most recent sale price for 1 PRINCES CLOSE of £260,000 on 13th April 2017. For the value to have increased from £260,000 to £342,980 over the eight years and eleven months to May 2026, the following assumptions must hold true:

• The value of 1 PRINCES CLOSE has moved in line with the HPI for detached houses in the Thanet local authority area.
• The April 2017 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PRINCES CLOSE has not materially changed since April 2017.

How Large is 1 PRINCES CLOSE?

1 PRINCES CLOSE is 69m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 10% 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 1 PRINCES CLOSE lies on this distribution: 8% of detached houses houses are smaller than 1 PRINCES CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Margate.

1 PRINCES CLOSE: Plot and Title Map

1 PRINCES CLOSE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 1 PRINCES CLOSE, 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 1 PRINCES CLOSE). 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 1 PRINCES CLOSE?

1 PRINCES CLOSE is located in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of No. 1 on PRINCES CLOSE.