32, ELMLEY WAY, MARGATE, CT9 4ES - £240,000

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.

32 ELMLEY WAY is a very small extended semi-detached house of 74m², built sometime between 1930 and 1949, which could now be worth an estimated £296,086. It was last sold for £240,000 in July 2018, which was around 11% below the average July 2018 semi-detached price in the Thanet local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was B.

32 ELMLEY WAY Sold Prices

Land registry data shows three sales for 32 ELMLEY WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Thanet local authority area for the corresponding sale date. The three 32 ELMLEY WAY sales were a mix of below the average price, roughly equal to the average price, and 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
2018 11 JUL	£240,000	£269,598	11% below HPI
2005 2 DEC	£165,000	£164,982	Close to HPI
1999 18 NOV	£66,500	£63,259	5% above HPI

32 ELMLEY 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 three 32 ELMLEY WAY sales between November 1999 and July 2018 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 December 2005 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the July 2018 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 32 ELMLEY WAY be worth now?

32 ELMLEY WAY might now be worth an estimated £296,086.

This is based on house price inflation of 23.4%, between July 2018 and February 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 23.4% inflationary increase is applied to the most recent sale price for 32 ELMLEY WAY of £240,000 on 11th July 2018. For the value to have increased from £240,000 to £296,086 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of 32 ELMLEY WAY has moved in line with the HPI for semi-detached houses in the Thanet local authority area.
• The July 2018 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 32 ELMLEY WAY has not materially changed since July 2018.

How Large is 32 ELMLEY WAY?

32 ELMLEY WAY is 74m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 20% of semi-detached houses houses in Margate, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Margate, and where 32 ELMLEY WAY lies on this distribution: 13% of semi-detached houses houses are smaller than 32 ELMLEY WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in Margate.

32 ELMLEY WAY: Plot and Title Map

32 ELMLEY WAY sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 32 ELMLEY 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 32 ELMLEY 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 32 ELMLEY WAY?

32 ELMLEY WAY is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 32 on ELMLEY WAY.