FLAT 1, 39, SPENCER SQUARE, RAMSGATE, CT11 9LD - £65,000

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.

FLAT 1 39 SPENCER SQUARE is a very small flat of 37m², built sometime before 1900, which could now be worth an estimated £58,248. It was last sold for £65,000 in December 2023, which was around 62% below the average December 2023 flat price in the Thanet local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was C.

FLAT 1 39 SPENCER SQUARE Sold Prices

Land registry data shows three sales for FLAT 1 39 SPENCER SQUARE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Thanet local authority area for the corresponding sale date. Two of the three FLAT 1 39 SPENCER SQUARE sales were for below the average price, whilst one was 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
2023 20 DEC	£65,000	£172,817	62% below HPI
2007 19 JUN	£125,000	£117,909	6% above HPI
1997 3 OCT	£10,000	£30,574	67% below HPI

What might FLAT 1 39 SPENCER SQUARE be worth now?

FLAT 1 39 SPENCER SQUARE might now be worth an estimated £58,248.

This is based on house price deflation of 10.4%, between December 2023 and April 2026, for flats, 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% deflationary decrease is applied to the most recent sale price for FLAT 1 39 SPENCER SQUARE of £65,000 on 20th December 2023. For the value to have decreased from £65,000 to £58,248 over the three years and eight months to April 2026, the following assumptions must hold true:

• The value of FLAT 1 39 SPENCER SQUARE has moved in line with the HPI for flats in the Thanet local authority area.
• The December 2023 sale price of £65,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT 1 39 SPENCER SQUARE has not materially changed since December 2023.

How Large is FLAT 1 39 SPENCER SQUARE?

FLAT 1 39 SPENCER SQUARE is 37m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 10% of flats in Ramsgate, based on EPC data. 5% of flats are smaller than FLAT 1 39 SPENCER SQUARE, and 93% of flats are larger. Note that EPC data is not available for all properties in Ramsgate.

FLAT 1 39 SPENCER SQUARE: Plot

FLAT 1 39 SPENCER SQUARE sits on a plot of roughly 0.041 of an acre, or 166m².

Where is FLAT 1 39 SPENCER SQUARE?

FLAT 1, 39 SPENCER SQUARE is located in RAMSGATE, in the CT11 postcode district.