19, LAUREATE CLOSE, MARGATE, CT9 2TJ - £220,000

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.

19 LAUREATE CLOSE is a very small terraced house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £221,554. It was last sold for £220,000 in June 2024, which was around 14% below the average June 2024 terraced price in the Thanet local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was B.

19 LAUREATE CLOSE Sold Prices

Land registry data shows four sales for 19 LAUREATE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Thanet local authority area for the corresponding sale date. two of the four 19 LAUREATE CLOSE sales were for below the average price, and four 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
2024 14 JUN	£220,000	£256,488	14% below HPI
2024 27 MAR	£228,000	£250,737	9% below HPI
2020 24 APR	£220,000	£208,022	6% above HPI
1995 7 JUL	£52,000	£35,803	45% above HPI

19 LAUREATE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Thanet local authority area over time, sourced from the HPI. The four 19 LAUREATE CLOSE sales between July 1995 and June 2024 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 March 2024 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2024 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 19 LAUREATE CLOSE be worth now?

19 LAUREATE CLOSE might now be worth an estimated £221,554.

This is based on house price inflation of 0.7%, between June 2024 and May 2026, for terraced 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 0.7% inflationary increase is applied to the most recent sale price for 19 LAUREATE CLOSE of £220,000 on 14th June 2024. For the value to have increased from £220,000 to £221,554 over the two years and one month to May 2026, the following assumptions must hold true:

• The value of 19 LAUREATE CLOSE has moved in line with the HPI for terraced houses in the Thanet local authority area.
• The June 2024 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 19 LAUREATE CLOSE has not materially changed since June 2024.

How Large is 19 LAUREATE CLOSE?

19 LAUREATE CLOSE is 77m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 20% of terraced houses houses in Margate, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Margate, and where 19 LAUREATE CLOSE lies on this distribution: 16% of terraced houses houses are smaller than 19 LAUREATE CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Margate.

19 LAUREATE CLOSE: Plot and Title Map

19 LAUREATE CLOSE sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 19 LAUREATE 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 19 LAUREATE 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 19 LAUREATE CLOSE?

19 LAUREATE CLOSE is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 19 on LAUREATE CLOSE.