BASEMENT FLAT, 57, RAMSGATE ROAD, MARGATE, CT9 5RT - £46,000

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 large extended flat of 80m², built sometime before 1900, which could now be worth an estimated £116,145. It was last sold for £46,000 in May 2002, which was around 25% below the average May 2002 flat price in the Thanet local authority area. The most recent EPC inspection was September 2022, 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 flat 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
2002 17 MAY	£46,000	£61,335	25% below HPI
1999 8 NOV	£31,000	£37,277	17% below HPI

What might BASEMENT FLAT be worth now?

BASEMENT FLAT might now be worth an estimated £116,145.

This is based on house price inflation of 152.5%, between May 2002 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 152.5% inflationary increase is applied to the most recent sale price for BASEMENT FLAT of £46,000 on 17th May 2002. For the value to have increased from £46,000 to £116,145 over the 24 years and one month 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 May 2002 sale price of £46,000 represented a fair market value for the property.
• The size, condition, and specification of BASEMENT FLAT has not materially changed since May 2002.

How Large is BASEMENT FLAT?

BASEMENT FLAT is 80m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the largest 20% of flats in Margate, based on EPC data. 87% of flats are smaller than BASEMENT FLAT, and 12% 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 0.039 of an acre, or 158m².