6, LAUREATE CLOSE, MARGATE, CT9 2TJ - £165,000

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.

6 LAUREATE CLOSE is a very small terraced house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £267,791. It was last sold for £165,000 in August 2015, which was around 3% above the average August 2015 terraced price in the Thanet local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

6 LAUREATE CLOSE Sold Prices

Land registry data shows two sales for 6 LAUREATE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Thanet local authority area for the corresponding sale date. Both of the two 6 LAUREATE 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
2015 7 AUG	£165,000	£160,708	3% above HPI
2005 18 JUL	£158,000	£132,347	19% above HPI

6 LAUREATE 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 two 6 LAUREATE CLOSE sales from July 2005 and August 2015 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 July 2005 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the August 2015 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 6 LAUREATE CLOSE be worth now?

6 LAUREATE CLOSE might now be worth an estimated £267,791.

This is based on house price inflation of 62.3%, between August 2015 and June 2025, 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 62.3% inflationary increase is applied to the most recent sale price for 6 LAUREATE CLOSE of £165,000 on 7th August 2015. For the value to have increased from £165,000 to £267,791 over the ten years and two months to June 2025, the following assumptions must hold true:

• The value of 6 LAUREATE CLOSE has moved in line with the HPI for terraced houses in the Thanet local authority area.
• The August 2015 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 6 LAUREATE CLOSE has not materially changed since August 2015.

How Large is 6 LAUREATE CLOSE?

6 LAUREATE CLOSE is 74m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% 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 6 LAUREATE CLOSE lies on this distribution: 13% of terraced houses houses are smaller than 6 LAUREATE CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Margate.

6 LAUREATE CLOSE: Plot and Title Map

6 LAUREATE CLOSE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 6 LAUREATE 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 6 LAUREATE 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 6 LAUREATE CLOSE?

6 LAUREATE CLOSE is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 6 on LAUREATE CLOSE.