FLAT, 2, EFFINGHAM STREET, RAMSGATE, CT11 9AT - £155,000

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 is a very large flat of 187m², built sometime before 1900, which could now be worth an estimated £234,974. It was last sold for £155,000 in June 2014, which was around 49% above the average June 2014 flat price in the Thanet local authority area. The most recent EPC inspection was January 2011, where the current energy rating was E, and the potential energy rating was E.

FLAT Sold Prices

Land registry data shows two sales for 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 FLAT sales were for above 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
2014 13 JUN	£155,000	£104,141	49% above HPI
2003 4 JUL	£195,000	£80,320	143% above HPI

What might FLAT be worth now?

FLAT might now be worth an estimated £234,974.

This is based on house price inflation of 51.6%, between June 2014 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 51.6% inflationary increase is applied to the most recent sale price for FLAT of £155,000 on 13th June 2014. For the value to have increased from £155,000 to £234,974 over the twelve years and one month to May 2026, the following assumptions must hold true:

• The value of FLAT has moved in line with the HPI for flats in the Thanet local authority area.
• The June 2014 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT has not materially changed since June 2014.

How Large is FLAT?

FLAT is 187m² according to the EPC inspection conducted in January 2011. This puts it in the largest 10% of flats in Ramsgate, based on EPC data. More than 99% of flats are smaller than FLAT, and less than 1% of flats are larger. Note that EPC data is not available for all properties in Ramsgate.

FLAT: Plot

FLAT sits on a plot of roughly 0.043 of an acre, or 176m².

Where is FLAT?

FLAT, 2 EFFINGHAM STREET is located in RAMSGATE, in the CT11 postcode district.