MEMEL LODGE, MEMEL PLACE, RAMSGATE, CT11 9BY - £130,000

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.

MEMEL LODGE is a small terraced house of 78m², built sometime before 1900, which could now be worth an estimated £204,780. It was last sold for £130,000 in November 2015, which was around 21% below the average November 2015 terraced price in the Thanet local authority area. The most recent EPC inspection was April 2021, where the current energy rating was E, and the potential energy rating was B.

MEMEL LODGE Sold Prices

Land registry data shows three sales for MEMEL LODGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Thanet local authority area for the corresponding sale date. Two of the three MEMEL LODGE 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
2015 10 NOV	£130,000	£165,579	21% below HPI
2007 28 SEP	£192,000	£153,306	25% above HPI
1998 31 JUL	£32,525	£40,979	21% below HPI

MEMEL LODGE 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 three MEMEL LODGE sales between July 1998 and November 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 September 2007 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the November 2015 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might MEMEL LODGE be worth now?

MEMEL LODGE might now be worth an estimated £204,780.

This is based on house price inflation of 57.5%, between November 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 57.5% inflationary increase is applied to the most recent sale price for MEMEL LODGE of £130,000 on 10th November 2015. For the value to have increased from £130,000 to £204,780 over the ten years and five months to June 2025, the following assumptions must hold true:

• The value of MEMEL LODGE has moved in line with the HPI for terraced houses in the Thanet local authority area.
• The November 2015 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of MEMEL LODGE has not materially changed since November 2015.

How Large is MEMEL LODGE?

MEMEL LODGE is 78m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 30% of terraced houses houses in Ramsgate, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ramsgate, and where MEMEL LODGE lies on this distribution: 26% of terraced houses houses are smaller than MEMEL LODGE, and 73% of houses are larger. Note that EPC data is not available for all properties in Ramsgate.

MEMEL LODGE: Plot and Title Map

MEMEL LODGE sits on a plot of roughly 0.011 of an acre, or 43m². The below map shows the location of MEMEL LODGE, 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 MEMEL LODGE). 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 MEMEL LODGE?

MEMEL LODGE is located on MEMEL PLACE in RAMSGATE, in the CT11 postcode district. The below map shows the position of MEMEL LODGE on MEMEL PLACE.