BASEMENT FLAT, 3, TRINITY SQUARE, MARGATE, CT9 1HR - £260,000

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 extended flat of 28m², built sometime before 1900, which could now be worth an estimated £335,058. It was last sold for £260,000 in March 2016, which was around 116% above the average March 2016 flat price in the Thanet local authority area. The most recent EPC inspection was October 2015, where the current energy rating was E, and the potential energy rating was B.

BASEMENT FLAT Sold Prices

Land registry data shows three sales for BASEMENT FLAT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Thanet local authority area for the corresponding sale date. All of the three BASEMENT FLAT sales were for above 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
2016 24 MAR	£260,000	£120,172	116% above HPI
2014 7 MAR	£134,000	£99,440	35% above HPI
2003 29 AUG	£140,000	£81,263	72% above HPI

What might BASEMENT FLAT be worth now?

BASEMENT FLAT might now be worth an estimated £335,058.

This is based on house price inflation of 28.9%, between March 2016 and April 2026, for flats, in the Thanet local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.9% inflationary increase is applied to the most recent sale price for BASEMENT FLAT of £260,000 on 24th March 2016. For the value to have increased from £260,000 to £335,058 over the nine 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 flats in the Thanet local authority area.
• The March 2016 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of BASEMENT FLAT has not materially changed since March 2016.

How Large is BASEMENT FLAT?

BASEMENT FLAT is 28m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the smallest 10% of flats in Margate, based on EPC data. Less than 1% of flats are smaller than BASEMENT FLAT, and more than 99% of flats are larger. Note that EPC data is not available for all properties in Margate.

BASEMENT FLAT: Plot

BASEMENT FLAT sits on a plot of roughly 0.022 of an acre, or 91m².