2, WALLACE WAY, BROADSTAIRS, CT10 2HN - £297,500

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 WALLACE WAY is a very small semi-detached house of 72m², built sometime between 1950 and 1966, which could now be worth an estimated £386,717. It was last sold for £297,500 in September 2017, which was around 17% above the average September 2017 semi-detached price in the Thanet local authority area. The most recent EPC inspection was April 2017, where the current energy rating was E, and the potential energy rating was C.

2 WALLACE WAY Sold Prices

Land registry data shows two sales for 2 WALLACE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Thanet local authority area for the corresponding sale date. One of the two 2 WALLACE WAY sales was for above the average price, whilst the other was 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 15 SEP	£297,500	£253,915	17% above HPI
2006 2 JUN	£164,950	£172,245	4% below HPI

2 WALLACE WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Thanet local authority area over time, sourced from the HPI. The two 2 WALLACE WAY sales from June 2006 and September 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 June 2006 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the September 2017 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 2 WALLACE WAY be worth now?

2 WALLACE WAY might now be worth an estimated £386,717.

This is based on house price inflation of 30%, between September 2017 and June 2025, for semi-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 30% inflationary increase is applied to the most recent sale price for 2 WALLACE WAY of £297,500 on 15th September 2017. For the value to have increased from £297,500 to £386,717 over the eight years and three months to June 2025, the following assumptions must hold true:

• The value of 2 WALLACE WAY has moved in line with the HPI for semi-detached houses in the Thanet local authority area.
• The September 2017 sale price of £297,500 represented a fair market value for the property.
• The size, condition, and specification of 2 WALLACE WAY has not materially changed since September 2017.

How Large is 2 WALLACE WAY?

2 WALLACE WAY is 72m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 10% of semi-detached houses houses in Broadstairs, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Broadstairs, and where 2 WALLACE WAY lies on this distribution: 10% of semi-detached houses houses are smaller than 2 WALLACE WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Broadstairs.

2 WALLACE WAY: Plot and Title Map

2 WALLACE WAY sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 2 WALLACE 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 WALLACE 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 WALLACE WAY?

2 WALLACE WAY is located in BROADSTAIRS, in the CT10 postcode district. The below map shows the position of No. 2 on WALLACE WAY.