1, STEPHENS CLOSE, MARGATE, CT9 5LZ - £248,000

1 STEPHENS CLOSE is a small detached house of 88m², built sometime between 1950 and 1966. It was last sold for £248,000 in January 2018, which was around 36% below the average January 2018 detached price in the Thanet local authority area. The most recent EPC inspection was November 2017, where the current energy rating was E, and the potential energy rating was B.

1 STEPHENS CLOSE Sold Prices

Land registry data shows two sales for 1 STEPHENS 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 STEPHENS 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
2018 15 JAN	£248,000	£387,142	36% below HPI
2006 4 DEC	£200,000	£244,771	18% below HPI

1 STEPHENS 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 STEPHENS CLOSE sales from December 2006 and January 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 December 2006 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the January 2018 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 1 STEPHENS CLOSE?

1 STEPHENS CLOSE is 88m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 30% of detached houses in Margate, based on EPC data. The below chart shows the distribution of detached houses by size in Margate, and where 1 STEPHENS CLOSE lies on this distribution: 29% of detached houses are smaller than 1 STEPHENS CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Margate.

1 STEPHENS CLOSE: Plot and Title Map

1 STEPHENS CLOSE sits on a plot of roughly 0.129 of an acre, or 524m². The below map shows the location of 1 STEPHENS 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 STEPHENS 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 STEPHENS CLOSE?

1 STEPHENS CLOSE is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 1 on STEPHENS CLOSE.