7, CEDAR CLOSE, MARGATE, CT9 2TS - £155,000

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.

7 CEDAR CLOSE is a terraced house, which could now be worth an estimated £254,350. It was last sold for £155,000 in October 2007, which was about the average October 2007 terraced price in the Thanet local authority area.

7 CEDAR CLOSE Sold Prices

Land registry data shows two sales for 7 CEDAR CLOSE 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. One of the two 7 CEDAR CLOSE sales was roughly equal to the average price, whilst the other was 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
2007 8 OCT	£155,000	£154,772	Close to HPI
2005 27 SEP	£127,500	£131,925	3% below HPI

What might 7 CEDAR CLOSE be worth now?

7 CEDAR CLOSE might now be worth an estimated £254,350.

This is based on house price inflation of 64.1%, between October 2007 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 64.1% inflationary increase is applied to the most recent sale price for 7 CEDAR CLOSE of £155,000 on 8th October 2007. For the value to have increased from £155,000 to £254,350 over the nineteen years and six months to April 2026, the following assumptions must hold true:

• The value of 7 CEDAR CLOSE has moved in line with the HPI for terraced houses in the Thanet local authority area.
• The October 2007 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CEDAR CLOSE has not materially changed since October 2007.

Where is 7 CEDAR CLOSE?

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