BOTTOM FLAT, 53, RAMSGATE ROAD, MARGATE, CT9 5RT - £125,000

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.

BOTTOM FLAT is a midsized flat of 60m², built sometime before 1900, which could now be worth an estimated £133,997. It was last sold for £125,000 in June 2020, which was around 13% below the average June 2020 flat price in the Thanet local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was C.

BOTTOM FLAT Sold Prices

Land registry data shows five sales for BOTTOM FLAT since 1^st January 1995. The below table shows the price paid for the five sales, along with the average flat price in the Thanet local authority area for the corresponding sale date. All of the five BOTTOM 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
2020 10 JUN	£125,000	£144,466	13% below HPI
2003 4 JUL	£57,500	£80,320	28% below HPI
2001 14 SEP	£31,000	£51,180	39% below HPI
1999 1 NOV	£18,000	£37,277	52% below HPI
1998 14 MAY	£12,750	£31,872	60% below HPI

What might BOTTOM FLAT be worth now?

BOTTOM FLAT might now be worth an estimated £133,997.

This is based on house price inflation of 7.2%, between June 2020 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 7.2% inflationary increase is applied to the most recent sale price for BOTTOM FLAT of £125,000 on 10th June 2020. For the value to have increased from £125,000 to £133,997 over the six years and two months to April 2026, the following assumptions must hold true:

• The value of BOTTOM FLAT has moved in line with the HPI for flats in the Thanet local authority area.
• The June 2020 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of BOTTOM FLAT has not materially changed since June 2020.

How Large is BOTTOM FLAT?

BOTTOM FLAT is 60m² according to the EPC inspection conducted in December 2019. This puts it in the largest 50% of flats in Margate, based on EPC data. 50% of flats are smaller than BOTTOM FLAT, and 48% of flats are larger. Note that EPC data is not available for all properties in Margate.

BOTTOM FLAT: Plot

BOTTOM FLAT sits on a plot of roughly 0.038 of an acre, or 154m².