2, STEPHENS CLOSE, MARGATE, CT9 5LZ - £295,000

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 STEPHENS CLOSE is a very small detached house of 65m², built sometime between 1967 and 1975, which could now be worth an estimated £302,458. It was last sold for £295,000 in September 2021, which was around 37% below the average September 2021 detached price in the Thanet local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was C.

2 STEPHENS CLOSE Sold Prices

Land registry data shows one sale for 2 STEPHENS 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
2021 24 SEP	£295,000	£468,079	37% below HPI

What might 2 STEPHENS CLOSE be worth now?

2 STEPHENS CLOSE might now be worth an estimated £302,458.

This is based on house price inflation of 2.5%, between September 2021 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 2.5% inflationary increase is applied to the most recent sale price for 2 STEPHENS CLOSE of £295,000 on 24th September 2021. For the value to have increased from £295,000 to £302,458 over the five years and four months to May 2026, the following assumptions must hold true:

• The value of 2 STEPHENS CLOSE has moved in line with the HPI for detached houses in the Thanet local authority area.
• The September 2021 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 2 STEPHENS CLOSE has not materially changed since September 2021.

How Large is 2 STEPHENS CLOSE?

2 STEPHENS CLOSE is 65m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 10% 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 STEPHENS CLOSE lies on this distribution: 6% of detached houses are smaller than 2 STEPHENS CLOSE, and 94% of detached houses are larger. Note that EPC data is not available for all properties in Margate.

2 STEPHENS CLOSE: Plot

2 STEPHENS CLOSE sits on a plot of roughly 0.145 of an acre, or 588m².

Where is 2 STEPHENS CLOSE?

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