2, FRIENDLY CLOSE, MARGATE, CT9 3LL - £190,000

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.

2 FRIENDLY CLOSE is a small detached house of 91m², built sometime between 1950 and 1966, which could now be worth an estimated £365,029. It was last sold for £190,000 in August 2005, which was around 23% below the average August 2005 detached price in the Thanet local authority area. The most recent EPC inspection was December 2011, where the current energy rating was D, and the potential energy rating was C.

2 FRIENDLY CLOSE Sold Prices

Land registry data shows one sale for 2 FRIENDLY CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Thanet local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2005 10 AUG	£190,000	£246,103	23% below HPI

What might 2 FRIENDLY CLOSE be worth now?

2 FRIENDLY CLOSE might now be worth an estimated £365,029.

This is based on house price inflation of 92.1%, between August 2005 and April 2026, for 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 92.1% inflationary increase is applied to the most recent sale price for 2 FRIENDLY CLOSE of £190,000 on 10th August 2005. For the value to have increased from £190,000 to £365,029 over the 21 years and four months to April 2026, the following assumptions must hold true:

• The value of 2 FRIENDLY CLOSE has moved in line with the HPI for detached houses in the Thanet local authority area.
• The August 2005 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FRIENDLY CLOSE has not materially changed since August 2005.

How Large is 2 FRIENDLY CLOSE?

2 FRIENDLY CLOSE is 91m² according to the EPC inspection conducted in December 2011. This puts it in the smallest 40% of detached houses in Margate, based on EPC data. The below chart shows the distribution of detached houses by size in Margate, and where 2 FRIENDLY CLOSE lies on this distribution: 34% of detached houses are smaller than 2 FRIENDLY CLOSE, and 66% of detached houses are larger. Note that EPC data is not available for all properties in Margate.

2 FRIENDLY CLOSE: Plot

2 FRIENDLY CLOSE sits on a plot of roughly 0.093 of an acre, or 376m².

Where is 2 FRIENDLY CLOSE?

2 FRIENDLY CLOSE is located in MARGATE, in the CT9 postcode district.