29, CEDAR CLOSE, MARGATE, CT9 2TT - £170,000

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.

29 CEDAR CLOSE is a midsized extended terraced house of 113m², built sometime between 1967 and 1975, which could now be worth an estimated £158,815. It was last sold for £170,000 in June 2023, which was around 37% below the average June 2023 terraced price in the Thanet local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

29 CEDAR CLOSE Sold Prices

Land registry data shows three sales for 29 CEDAR CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Thanet local authority area for the corresponding sale date. Two of the three 29 CEDAR CLOSE sales were for below the average price, whilst one was 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
2023 2 JUN	£170,000	£271,863	37% below HPI
2013 28 JUN	£120,000	£131,379	9% below HPI
1995 12 MAY	£43,000	£35,951	20% above HPI

29 CEDAR 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 three 29 CEDAR CLOSE sales between May 1995 and June 2023 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 2013 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2023 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 29 CEDAR CLOSE be worth now?

29 CEDAR CLOSE might now be worth an estimated £158,815.

This is based on house price deflation of 6.6%, between June 2023 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 6.6% deflationary decrease is applied to the most recent sale price for 29 CEDAR CLOSE of £170,000 on 2nd June 2023. For the value to have decreased from £170,000 to £158,815 over the three years and two months to April 2026, the following assumptions must hold true:

• The value of 29 CEDAR CLOSE has moved in line with the HPI for terraced houses in the Thanet local authority area.
• The June 2023 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 29 CEDAR CLOSE has not materially changed since June 2023.

How Large is 29 CEDAR CLOSE?

29 CEDAR CLOSE is 113m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the largest 50% 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 29 CEDAR CLOSE lies on this distribution: 57% of terraced houses houses are smaller than 29 CEDAR CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Margate.

29 CEDAR CLOSE: Plot and Title Map

29 CEDAR CLOSE sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 29 CEDAR 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 29 CEDAR 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 29 CEDAR CLOSE?

29 CEDAR CLOSE is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 29 on CEDAR CLOSE.