FLAT 1, 15, RAMSGATE ROAD, MARGATE, CT9 5RT - £90,000

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.

FLAT 1 15 RAMSGATE ROAD is a small flat of 49m², built sometime between 1900 and 1929, which could now be worth an estimated £97,420. It was last sold for £90,000 in March 2018, which was around 37% below the average March 2018 flat price in the Thanet local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was C.

FLAT 1 15 RAMSGATE ROAD Sold Prices

Land registry data shows three sales for FLAT 1 15 RAMSGATE ROAD 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 FLAT 1 15 RAMSGATE ROAD 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
2018 23 MAR	£90,000	£143,069	37% below HPI
2015 27 APR	£94,000	£107,694	13% below HPI
2006 13 NOV	£97,000	£110,316	12% below HPI

What might FLAT 1 15 RAMSGATE ROAD be worth now?

FLAT 1 15 RAMSGATE ROAD might now be worth an estimated £97,420.

This is based on house price inflation of 8.2%, between March 2018 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 8.2% inflationary increase is applied to the most recent sale price for FLAT 1 15 RAMSGATE ROAD of £90,000 on 23rd March 2018. For the value to have increased from £90,000 to £97,420 over the seven years and eleven months to April 2026, the following assumptions must hold true:

• The value of FLAT 1 15 RAMSGATE ROAD has moved in line with the HPI for flats in the Thanet local authority area.
• The March 2018 sale price of £90,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT 1 15 RAMSGATE ROAD has not materially changed since March 2018.

How Large is FLAT 1 15 RAMSGATE ROAD?

FLAT 1 15 RAMSGATE ROAD is 49m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 30% of flats in Margate, based on EPC data. 26% of flats are smaller than FLAT 1 15 RAMSGATE ROAD, and 72% of flats are larger. Note that EPC data is not available for all properties in Margate.

FLAT 1 15 RAMSGATE ROAD: Plot

FLAT 1 15 RAMSGATE ROAD sits on a plot of roughly 0.064 of an acre, or 258m².

Where is FLAT 1 15 RAMSGATE ROAD?

FLAT 1, 15 RAMSGATE ROAD is located in MARGATE, in the CT9 postcode district.