2, PAYTON CLOSE, MARGATE, CT9 4ET - £58,500

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 PAYTON CLOSE is a detached house, which could now be worth an estimated £338,725. It was last sold for £58,500 in March 1998, which was around 29% below the average March 1998 detached price in the Thanet local authority area.

2 PAYTON CLOSE Sold Prices

Land registry data shows two sales for 2 PAYTON CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Thanet local authority area for the corresponding sale date. Both of the two 2 PAYTON CLOSE sales were for below 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
1998 18 MAR	£58,500	£82,884	29% below HPI
1997 27 MAR	£55,000	£75,516	27% below HPI

What might 2 PAYTON CLOSE be worth now?

2 PAYTON CLOSE might now be worth an estimated £338,725.

This is based on house price inflation of 479%, between March 1998 and May 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 479% inflationary increase is applied to the most recent sale price for 2 PAYTON CLOSE of £58,500 on 18th March 1998. For the value to have increased from £58,500 to £338,725 over the 27 years and ten months to May 2026, the following assumptions must hold true:

• The value of 2 PAYTON CLOSE has moved in line with the HPI for detached houses in the Thanet local authority area.
• The March 1998 sale price of £58,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PAYTON CLOSE has not materially changed since March 1998.

Where is 2 PAYTON CLOSE?

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