2, PARSONAGE OAST, COLLARDS CLOSE, MONKTON, RAMSGATE, CT12 4JS - £305,000

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 PARSONAGE OAST is a very small terraced house of 104m², built sometime before 1900, which could now be worth an estimated £293,918. It was last sold for £305,000 in April 2022, which was around 16% above the average April 2022 terraced price in the Thanet local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

2 PARSONAGE OAST Sold Prices

Land registry data shows two sales for 2 PARSONAGE OAST since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Thanet local authority area for the corresponding sale date. Both of the two 2 PARSONAGE OAST sales 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
2022 22 APR	£305,000	£263,552	16% above HPI
2022 28 JAN	£305,000	£258,408	18% above HPI

2 PARSONAGE OAST 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 two 2 PARSONAGE OAST sales from January 2022 and April 2022 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 January 2022 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the April 2022 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 2 PARSONAGE OAST be worth now?

2 PARSONAGE OAST might now be worth an estimated £293,918.

This is based on house price deflation of 3.6%, between April 2022 and April 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 3.6% deflationary decrease is applied to the most recent sale price for 2 PARSONAGE OAST of £305,000 on 22nd April 2022. For the value to have decreased from £305,000 to £293,918 over the four years to April 2026, the following assumptions must hold true:

• The value of 2 PARSONAGE OAST has moved in line with the HPI for terraced houses in the Thanet local authority area.
• The April 2022 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARSONAGE OAST has not materially changed since April 2022.

How Large is 2 PARSONAGE OAST?

2 PARSONAGE OAST is 104m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 20% of terraced houses houses in Monkton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Monkton, and where 2 PARSONAGE OAST lies on this distribution: 17% of terraced houses houses are smaller than 2 PARSONAGE OAST, and 83% of houses are larger. Note that EPC data is not available for all properties in Monkton.

2 PARSONAGE OAST: Plot and Title Map

2 PARSONAGE OAST sits on a plot of roughly 0.040 of an acre, or 161m². The below map shows the location of 2 PARSONAGE OAST, 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 PARSONAGE OAST). 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 PARSONAGE OAST?

2 PARSONAGE OAST is located on COLLARDS CLOSE in MONKTON, in the CT12 postcode district. The below map shows the position of 2 PARSONAGE OAST on COLLARDS CLOSE.