2, MEMEL PLACE, RAMSGATE, CT11 9BY - £182,000

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.

2 MEMEL PLACE is a small extended terraced house of 78m², built sometime before 1900, which could now be worth an estimated £242,925. It was last sold for £182,000 in July 2017, which was around 7% below the average July 2017 terraced price in the Thanet local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was C.

2 MEMEL PLACE Sold Prices

Land registry data shows four sales for 2 MEMEL PLACE 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. Most of the four 2 MEMEL PLACE 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 17 JUL	£182,000	£195,411	7% below HPI
2003 27 AUG	£89,995	£98,773	9% below HPI
2000 23 OCT	£51,950	£56,496	8% below HPI
1997 24 JAN	£37,000	£35,943	3% above HPI

2 MEMEL PLACE 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 2 MEMEL PLACE sales between January 1997 and July 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 August 2003 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the July 2017 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 2 MEMEL PLACE be worth now?

2 MEMEL PLACE might now be worth an estimated £242,925.

This is based on house price inflation of 33.5%, between July 2017 and June 2025, 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 33.5% inflationary increase is applied to the most recent sale price for 2 MEMEL PLACE of £182,000 on 17th July 2017. For the value to have increased from £182,000 to £242,925 over the eight years and one month to June 2025, the following assumptions must hold true:

• The value of 2 MEMEL PLACE has moved in line with the HPI for terraced houses in the Thanet local authority area.
• The July 2017 sale price of £182,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MEMEL PLACE has not materially changed since July 2017.

How Large is 2 MEMEL PLACE?

2 MEMEL PLACE is 78m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 30% of terraced houses houses in Ramsgate, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ramsgate, and where 2 MEMEL PLACE lies on this distribution: 26% of terraced houses houses are smaller than 2 MEMEL PLACE, and 73% of houses are larger. Note that EPC data is not available for all properties in Ramsgate.

2 MEMEL PLACE: Plot and Title Map

2 MEMEL PLACE sits on a plot of roughly 0.011 of an acre, or 46m². The below map shows the location of 2 MEMEL PLACE, 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 2 MEMEL PLACE). 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 2 MEMEL PLACE?

2 MEMEL PLACE is located in RAMSGATE, in the CT11 postcode district. The below map shows the position of No. 2 on MEMEL PLACE.