6, THE RIDGEWAY, MARGATE, CT9 2TL - £324,000

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 THE RIDGEWAY is a midsized extended semi-detached house of 102m², built sometime between 1930 and 1949, which could now be worth an estimated £332,034. It was last sold for £324,000 in May 2024, which was around 2% above the average May 2024 semi-detached price in the Thanet local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was B.

6 THE RIDGEWAY Sold Prices

Land registry data shows three sales for 6 THE RIDGEWAY 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. All of the three 6 THE RIDGEWAY 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
2024 29 MAY	£324,000	£318,807	2% above HPI
2019 26 APR	£267,000	£261,919	2% above HPI
2014 11 APR	£188,000	£179,978	4% above HPI

6 THE RIDGEWAY 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 6 THE RIDGEWAY sales between April 2014 and May 2024 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 April 2019 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the May 2024 sale, which was also at 2% above the HPI.

What might 6 THE RIDGEWAY be worth now?

6 THE RIDGEWAY might now be worth an estimated £332,034.

This is based on house price inflation of 2.5%, between May 2024 and May 2026, 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 2.5% inflationary increase is applied to the most recent sale price for 6 THE RIDGEWAY of £324,000 on 29th May 2024. For the value to have increased from £324,000 to £332,034 over the two years to May 2026, the following assumptions must hold true:

• The value of 6 THE RIDGEWAY has moved in line with the HPI for semi-detached houses in the Thanet local authority area.
• The May 2024 sale price of £324,000 represented a fair market value for the property.
• The size, condition, and specification of 6 THE RIDGEWAY has not materially changed since May 2024.

How Large is 6 THE RIDGEWAY?

6 THE RIDGEWAY is 102m², which includes one extension, according to the EPC inspection conducted in February 2024. This puts it in the smallest 50% 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 6 THE RIDGEWAY lies on this distribution: 46% of semi-detached houses houses are smaller than 6 THE RIDGEWAY, and 52% of houses are larger. Note that EPC data is not available for all properties in Margate.

6 THE RIDGEWAY: Plot and Title Map

6 THE RIDGEWAY sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 6 THE RIDGEWAY, 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 THE RIDGEWAY). 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 THE RIDGEWAY?

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