BASEMENT FLAT, 15, TRINITY SQUARE, MARGATE, CT9 1HR - £31,000

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.

BASEMENT FLAT is a very small terraced house of 37m², built sometime before 1900, which could now be worth an estimated £198,209. It was last sold for £31,000 in March 1998, which was around 22% below the average March 1998 terraced price in the Thanet local authority area. The most recent EPC inspection was July 2019, where the current energy rating was E, and the potential energy rating was C.

BASEMENT FLAT Sold Prices

Land registry data shows two sales for BASEMENT FLAT 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 BASEMENT FLAT sales were 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
1998 6 MAR	£31,000	£39,722	22% below HPI
1997 18 JUL	£25,000	£37,361	33% below HPI

BASEMENT FLAT 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 BASEMENT FLAT sales from July 1997 and March 1998 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 1997 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the March 1998 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might BASEMENT FLAT be worth now?

BASEMENT FLAT might now be worth an estimated £198,209.

This is based on house price inflation of 539.4%, between March 1998 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 539.4% inflationary increase is applied to the most recent sale price for BASEMENT FLAT of £31,000 on 6th March 1998. For the value to have increased from £31,000 to £198,209 over the 27 years and eleven months to April 2026, the following assumptions must hold true:

• The value of BASEMENT FLAT has moved in line with the HPI for terraced houses in the Thanet local authority area.
• The March 1998 sale price of £31,000 represented a fair market value for the property.
• The size, condition, and specification of BASEMENT FLAT has not materially changed since March 1998.

How Large is BASEMENT FLAT?

BASEMENT FLAT is 37m² according to the EPC inspection conducted in July 2019. 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 BASEMENT FLAT lies on this distribution: Less than 1% of terraced houses are smaller than BASEMENT FLAT, and more than 99% of terraced houses are larger. Note that EPC data is not available for all properties in Margate.

BASEMENT FLAT: Plot and Title Map

BASEMENT FLAT sits on a plot of roughly 0.018 of an acre, or 71m². The below map shows the location of BASEMENT FLAT, 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 BASEMENT FLAT). 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.