FLAT 2, 51, RAMSGATE ROAD, MARGATE, CT9 5RT - £85,000

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 2 51 RAMSGATE ROAD is a small flat of 48m², built sometime between 1900 and 1929, which could now be worth an estimated £76,091. It was last sold for £85,000 in March 2022, which was around 51% below the average March 2022 flat price in the Thanet local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was C.

FLAT 2 51 RAMSGATE ROAD Sold Prices

Land registry data shows one sale for FLAT 2 51 RAMSGATE ROAD since 1^st January 1995. The below table shows the price paid for the one sale, along with the average flat price in the Thanet local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 31 MAR	£85,000	£172,997	51% below HPI

What might FLAT 2 51 RAMSGATE ROAD be worth now?

FLAT 2 51 RAMSGATE ROAD might now be worth an estimated £76,091.

This is based on house price deflation of 10.5%, between March 2022 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 10.5% deflationary decrease is applied to the most recent sale price for FLAT 2 51 RAMSGATE ROAD of £85,000 on 31st March 2022. For the value to have decreased from £85,000 to £76,091 over the three years and eleven months to April 2026, the following assumptions must hold true:

• The value of FLAT 2 51 RAMSGATE ROAD has moved in line with the HPI for flats in the Thanet local authority area.
• The March 2022 sale price of £85,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT 2 51 RAMSGATE ROAD has not materially changed since March 2022.

How Large is FLAT 2 51 RAMSGATE ROAD?

FLAT 2 51 RAMSGATE ROAD is 48m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 30% of flats in Margate, based on EPC data. 24% of flats are smaller than FLAT 2 51 RAMSGATE ROAD, and 74% of flats are larger. Note that EPC data is not available for all properties in Margate.

FLAT 2 51 RAMSGATE ROAD: Plot

FLAT 2 51 RAMSGATE ROAD sits on a plot of roughly 0.064 of an acre, or 257m².

Where is FLAT 2 51 RAMSGATE ROAD?

FLAT 2, 51 RAMSGATE ROAD is located in MARGATE, in the CT9 postcode district.