3, ST. BENET'S, SPENCER SQUARE, RAMSGATE, CT11 9LN - £285,000

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.

3 ST. BENET'S is a very large terraced house of 174m², built sometime between 1996 and 2002, which could now be worth an estimated £489,895. It was last sold for £285,000 in June 2007, which was around 90% above the average June 2007 terraced price in the Thanet local authority area. The most recent EPC inspection was December 2010, where the current energy rating was D, and the potential energy rating was C.

3 ST. BENET'S Sold Prices

Land registry data shows two sales for 3 ST. BENET'S since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Thanet local authority area for the corresponding sale date. Both of the two 3 ST. BENET'S 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
2007 1 JUN	£285,000	£150,268	90% above HPI
2002 9 JUL	£220,000	£77,152	185% above HPI

3 ST. BENET'S Price Paid vs. HPI Average

The below graph shows the average detached house price in the Thanet local authority area over time, sourced from the HPI. The two 3 ST. BENET'S sales from July 2002 and June 2007 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 July 2002 sale was for 185% above the HPI. So the extrapolation line tracks at 185% above the HPI over time, until the June 2007 sale, where it falls to 90% above the HPI. The line then continues to track at 90% above the HPI.

What might 3 ST. BENET'S be worth now?

3 ST. BENET'S might now be worth an estimated £489,895.

This is based on house price inflation of 71.9%, between June 2007 and May 2026, 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 71.9% inflationary increase is applied to the most recent sale price for 3 ST. BENET'S of £285,000 on 1st June 2007. For the value to have increased from £285,000 to £489,895 over the nineteen years and one month to May 2026, the following assumptions must hold true:

• The value of 3 ST. BENET'S has moved in line with the HPI for terraced houses in the Thanet local authority area.
• The June 2007 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ST. BENET'S has not materially changed since June 2007.

How Large is 3 ST. BENET'S?

3 ST. BENET'S is 174m² according to the EPC inspection conducted in December 2010. This puts it in the largest 10% of terraced houses in Ramsgate, based on EPC data. The below chart shows the distribution of terraced houses by size in Ramsgate, and where 3 ST. BENET'S lies on this distribution: 96% of terraced houses are smaller than 3 ST. BENET'S, and 4% of terraced houses are larger. Note that EPC data is not available for all properties in Ramsgate.

3 ST. BENET'S: Plot and Title Map

3 ST. BENET'S sits on a plot of roughly 0.015 of an acre, or 59m². The below map shows the location of 3 ST. BENET'S, 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 3 ST. BENET'S). 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.