BASEMENT FLAT, 58, ELLINGTON ROAD, RAMSGATE, CT11 9SR - £142,500

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.

BASEMENT FLAT is a midsized flat of 61m², built sometime before 1900, which could now be worth an estimated £140,661. It was last sold for £142,500 in April 2021, which was around 11% below the average April 2021 flat price in the Thanet local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, 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. One of the two BASEMENT FLAT sales was for below the average price, whilst the other was roughly equal to 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
2021 1 APR	£142,500	£159,938	11% below HPI
2016 18 MAR	£120,000	£120,172	Close to HPI

What might BASEMENT FLAT be worth now?

BASEMENT FLAT might now be worth an estimated £140,661.

This is based on house price deflation of 1.3%, between April 2021 and May 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 1.3% deflationary decrease is applied to the most recent sale price for BASEMENT FLAT of £142,500 on 1st April 2021. For the value to have decreased from £142,500 to £140,661 over the four years and eleven months to May 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 April 2021 sale price of £142,500 represented a fair market value for the property.
• The size, condition, and specification of BASEMENT FLAT has not materially changed since April 2021.

How Large is BASEMENT FLAT?

BASEMENT FLAT is 61m² according to the EPC inspection conducted in September 2020. This puts it in the largest 50% of flats in Ramsgate, based on EPC data. 55% of flats are smaller than BASEMENT FLAT, and 43% of flats are larger. Note that EPC data is not available for all properties in Ramsgate.

BASEMENT FLAT: Plot

BASEMENT FLAT sits on a plot of roughly 0.076 of an acre, or 309m².