7, THE RIDGEWAY, MARGATE, CT9 2TL - £250,000

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 THE RIDGEWAY is a semi-detached house, which could now be worth an estimated £305,650. It was last sold for £250,000 in March 2020, which was around 6% below the average March 2020 semi-detached price in the Thanet local authority area.

7 THE RIDGEWAY Sold Prices

Land registry data shows one sale for 7 THE RIDGEWAY since 1^st January 1995. The below table shows the price paid for the one sale, along with the average semi-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
2020 16 MAR	£250,000	£267,227	6% below HPI

What might 7 THE RIDGEWAY be worth now?

7 THE RIDGEWAY might now be worth an estimated £305,650.

This is based on house price inflation of 22.3%, between March 2020 and May 2026, for semi-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 22.3% inflationary increase is applied to the most recent sale price for 7 THE RIDGEWAY of £250,000 on 16th March 2020. For the value to have increased from £250,000 to £305,650 over the five years and ten months to May 2026, the following assumptions must hold true:

• The value of 7 THE RIDGEWAY has moved in line with the HPI for semi-detached houses in the Thanet local authority area.
• The March 2020 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE RIDGEWAY has not materially changed since March 2020.

Where is 7 THE RIDGEWAY?

7 THE RIDGEWAY is located in MARGATE, in the CT9 postcode district.