61, APPROACH ROAD, MARGATE, CT9 2AP - £392,000

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.

61 APPROACH ROAD is a very large terraced house of 168m², built sometime between 1930 and 1949, which could now be worth an estimated £432,615. It was last sold for £392,000 in March 2021, which was around 66% above the average March 2021 terraced price in the Thanet local authority area. The most recent EPC inspection was January 2021, where the current energy rating was D, and the potential energy rating was B.

61 APPROACH ROAD Sold Prices

Land registry data shows four sales for 61 APPROACH ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Thanet local authority area for the corresponding sale date. All of the four 61 APPROACH ROAD 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
2021 19 MAR	£392,000	£236,338	66% above HPI
2017 24 JAN	£295,000	£189,837	55% above HPI
2010 29 JUN	£194,000	£133,174	46% above HPI
2007 18 SEP	£222,000	£153,306	45% above HPI

61 APPROACH ROAD 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 four 61 APPROACH ROAD sales between September 2007 and March 2021 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 January 2017 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the March 2021 sale, where it rises to 66% above the HPI. The line then continues to track at 66% above the HPI.

What might 61 APPROACH ROAD be worth now?

61 APPROACH ROAD might now be worth an estimated £432,615.

This is based on house price inflation of 10.4%, between March 2021 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 10.4% inflationary increase is applied to the most recent sale price for 61 APPROACH ROAD of £392,000 on 19th March 2021. For the value to have increased from £392,000 to £432,615 over the three years and nine months to June 2025, the following assumptions must hold true:

• The value of 61 APPROACH ROAD has moved in line with the HPI for terraced houses in the Thanet local authority area.
• The March 2021 sale price of £392,000 represented a fair market value for the property.
• The size, condition, and specification of 61 APPROACH ROAD has not materially changed since March 2021.

How Large is 61 APPROACH ROAD?

61 APPROACH ROAD is 168m² according to the EPC inspection conducted in January 2021. This puts it in the largest 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 61 APPROACH ROAD lies on this distribution: 86% of terraced houses houses are smaller than 61 APPROACH ROAD, and 13% of houses are larger. Note that EPC data is not available for all properties in Margate.

61 APPROACH ROAD: Plot and Title Map

61 APPROACH ROAD sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 61 APPROACH ROAD, 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 61 APPROACH ROAD). 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 61 APPROACH ROAD?

61 APPROACH ROAD is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 61 on APPROACH ROAD.