2, NORTHDOWN ROAD, MARGATE, CT9 1QQ - £472,500

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 NORTHDOWN ROAD is a very large extended flat of 128m², built sometime before 1900, which could now be worth an estimated £422,407. It was last sold for £472,500 in May 2022, which was around 168% above the average May 2022 flat price in the Thanet local authority area. The most recent EPC inspection was February 2019, where the current energy rating was E, and the potential energy rating was C.

2 NORTHDOWN ROAD Sold Prices

Land registry data shows two sales for 2 NORTHDOWN ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Thanet local authority area for the corresponding sale date. Both of the two 2 NORTHDOWN 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
2022 20 MAY	£472,500	£176,596	168% above HPI
2016 22 JUL	£170,000	£127,424	33% above HPI

What might 2 NORTHDOWN ROAD be worth now?

2 NORTHDOWN ROAD might now be worth an estimated £422,407.

This is based on house price deflation of 10.6%, between May 2022 and May 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 10.6% deflationary decrease is applied to the most recent sale price for 2 NORTHDOWN ROAD of £472,500 on 20th May 2022. For the value to have decreased from £472,500 to £422,407 over the four years to May 2026, the following assumptions must hold true:

• The value of 2 NORTHDOWN ROAD has moved in line with the HPI for flats in the Thanet local authority area.
• The May 2022 sale price of £472,500 represented a fair market value for the property.
• The size, condition, and specification of 2 NORTHDOWN ROAD has not materially changed since May 2022.

How Large is 2 NORTHDOWN ROAD?

2 NORTHDOWN ROAD is 128m², which includes three extensions, according to the EPC inspection conducted in February 2019. This puts it in the largest 10% of flats in Margate, based on EPC data. 99% of flats are smaller than 2 NORTHDOWN ROAD, and 1% of flats are larger. Note that EPC data is not available for all properties in Margate.

2 NORTHDOWN ROAD: Plot

2 NORTHDOWN ROAD sits on a plot of roughly 0.021 of an acre, or 86m².

Where is 2 NORTHDOWN ROAD?

2 NORTHDOWN ROAD is located in MARGATE, in the CT9 postcode district.