2, ROMAN WAY, MARGATE, CT9 5FP - £385,000

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 ROMAN WAY is a midsized detached house of 110m², which could now be worth an estimated £351,778. It was last sold for £385,000 in August 2022, which was around 28% below the average August 2022 detached price in the Thanet local authority area. The most recent EPC inspection was March 2020, where the current energy rating was B, and the potential energy rating was A.

2 ROMAN WAY Sold Prices

Land registry data shows two sales for 2 ROMAN WAY 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 2 ROMAN WAY 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
2022 26 AUG	£385,000	£535,172	28% below HPI
2021 5 FEB	£315,000	£443,283	29% below HPI

2 ROMAN WAY 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 2 ROMAN WAY sales from February 2021 and August 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 February 2021 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2022 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 2 ROMAN WAY be worth now?

2 ROMAN WAY might now be worth an estimated £351,778.

This is based on house price deflation of 8.6%, between August 2022 and February 2025, 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 8.6% deflationary decrease is applied to the most recent sale price for 2 ROMAN WAY of £385,000 on 26th August 2022. For the value to have decreased from £385,000 to £351,778 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 2 ROMAN WAY has moved in line with the HPI for detached houses in the Thanet local authority area.
• The August 2022 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ROMAN WAY has not materially changed since August 2022.

How Large is 2 ROMAN WAY?

2 ROMAN WAY is 110m² according to the EPC inspection conducted in March 2020. This puts it in the largest 50% 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 2 ROMAN WAY lies on this distribution: 55% of detached houses houses are smaller than 2 ROMAN WAY, and 45% of houses are larger. Note that EPC data is not available for all properties in Margate.

2 ROMAN WAY: Plot and Title Map

2 ROMAN WAY sits on a plot of roughly 0.031 of an acre, or 125m². The below map shows the location of 2 ROMAN WAY, 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 ROMAN WAY). 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 ROMAN WAY?

2 ROMAN WAY is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 2 on ROMAN WAY.