48, CEDAR CLOSE, MARGATE, CT9 2TT - £98,500

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.

48 CEDAR CLOSE is a very small terraced house of 63m², built sometime between 1950 and 1966, which could now be worth an estimated £198,690. It was last sold for £98,500 in February 2012, which was around 22% below the average February 2012 terraced price in the Thanet local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

48 CEDAR CLOSE Sold Prices

Land registry data shows one sale for 48 CEDAR CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced 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
2012 17 FEB	£98,500	£125,908	22% below HPI

What might 48 CEDAR CLOSE be worth now?

48 CEDAR CLOSE might now be worth an estimated £198,690.

This is based on house price inflation of 101.7%, between February 2012 and April 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 101.7% inflationary increase is applied to the most recent sale price for 48 CEDAR CLOSE of £98,500 on 17th February 2012. For the value to have increased from £98,500 to £198,690 over the thirteen years and ten months to April 2026, the following assumptions must hold true:

• The value of 48 CEDAR CLOSE has moved in line with the HPI for terraced houses in the Thanet local authority area.
• The February 2012 sale price of £98,500 represented a fair market value for the property.
• The size, condition, and specification of 48 CEDAR CLOSE has not materially changed since February 2012.

How Large is 48 CEDAR CLOSE?

48 CEDAR CLOSE is 63m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 10% of terraced houses in Margate, based on EPC data. The below chart shows the distribution of terraced houses by size in Margate, and where 48 CEDAR CLOSE lies on this distribution: 9% of terraced houses are smaller than 48 CEDAR CLOSE, and 90% of terraced houses are larger. Note that EPC data is not available for all properties in Margate.

48 CEDAR CLOSE: Plot

48 CEDAR CLOSE sits on a plot of roughly 0.022 of an acre, or 89m².

Where is 48 CEDAR CLOSE?

48 CEDAR CLOSE is located in MARGATE, in the CT9 postcode district.