5, OCEAN CLOSE, BIRCHINGTON, CT7 9HX - £560,000

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.

5 OCEAN CLOSE is a very small detached house of 76m², built sometime between 1967 and 1975, which could now be worth an estimated £537,036. It was last sold for £560,000 in May 2022, which was around 11% above the average May 2022 detached price in the Thanet local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

5 OCEAN CLOSE Sold Prices

Land registry data shows two sales for 5 OCEAN CLOSE 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 5 OCEAN CLOSE 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 23 MAY	£560,000	£506,730	11% above HPI
1997 11 AUG	£88,500	£79,440	11% above HPI

5 OCEAN CLOSE 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 5 OCEAN CLOSE sales from August 1997 and May 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 August 1997 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the May 2022 sale, which was also at 11% above the HPI.

What might 5 OCEAN CLOSE be worth now?

5 OCEAN CLOSE might now be worth an estimated £537,036.

This is based on house price deflation of 4.1%, between May 2022 and June 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 4.1% deflationary decrease is applied to the most recent sale price for 5 OCEAN CLOSE of £560,000 on 23rd May 2022. For the value to have decreased from £560,000 to £537,036 over the two years and eleven months to June 2025, the following assumptions must hold true:

• The value of 5 OCEAN CLOSE has moved in line with the HPI for detached houses in the Thanet local authority area.
• The May 2022 sale price of £560,000 represented a fair market value for the property.
• The size, condition, and specification of 5 OCEAN CLOSE has not materially changed since May 2022.

How Large is 5 OCEAN CLOSE?

5 OCEAN CLOSE is 76m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 20% 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 5 OCEAN CLOSE lies on this distribution: 15% of detached houses houses are smaller than 5 OCEAN CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Margate.

5 OCEAN CLOSE: Plot and Title Map

5 OCEAN CLOSE sits on a plot of roughly 0.184 of an acre, or 746m². The below map shows the location of 5 OCEAN 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 5 OCEAN 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 5 OCEAN CLOSE?

5 OCEAN CLOSE is located in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of No. 5 on OCEAN CLOSE.