7, FRIENDLY CLOSE, MARGATE, CT9 3LL - £318,500

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.

7 FRIENDLY CLOSE is a midsized extended detached house of 98m², built sometime between 1950 and 1966, which could now be worth an estimated £370,394. It was last sold for £318,500 in August 2018, which was around 22% below the average August 2018 detached price in the Thanet local authority area. The most recent EPC inspection was March 2018, where the current energy rating was F, and the potential energy rating was C.

7 FRIENDLY CLOSE Sold Prices

Land registry data shows one sale for 7 FRIENDLY 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
2018 3 AUG	£318,500	£406,570	22% below HPI

What might 7 FRIENDLY CLOSE be worth now?

7 FRIENDLY CLOSE might now be worth an estimated £370,394.

This is based on house price inflation of 16.3%, between August 2018 and April 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 16.3% inflationary increase is applied to the most recent sale price for 7 FRIENDLY CLOSE of £318,500 on 3rd August 2018. For the value to have increased from £318,500 to £370,394 over the eight years and four months to April 2026, the following assumptions must hold true:

• The value of 7 FRIENDLY CLOSE has moved in line with the HPI for detached houses in the Thanet local authority area.
• The August 2018 sale price of £318,500 represented a fair market value for the property.
• The size, condition, and specification of 7 FRIENDLY CLOSE has not materially changed since August 2018.

How Large is 7 FRIENDLY CLOSE?

7 FRIENDLY CLOSE is 98m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the smallest 50% of detached houses in Margate, based on EPC data. The below chart shows the distribution of detached houses by size in Margate, and where 7 FRIENDLY CLOSE lies on this distribution: 43% of detached houses are smaller than 7 FRIENDLY CLOSE, and 56% of detached houses are larger. Note that EPC data is not available for all properties in Margate.

7 FRIENDLY CLOSE: Plot

7 FRIENDLY CLOSE sits on a plot of roughly 0.094 of an acre, or 382m².

Where is 7 FRIENDLY CLOSE?

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