FLAT 3, 9, CHAPEL PLACE, RAMSGATE, CT11 9RY - £140,000

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 3 9 CHAPEL PLACE is a very small flat of 43m², built sometime before 1900, which could now be worth an estimated £120,188. It was last sold for £140,000 in July 2022, which was around 24% below the average July 2022 flat price in the Thanet local authority area. The most recent EPC inspection was January 2019, where the current energy rating was E, and the potential energy rating was C.

FLAT 3 9 CHAPEL PLACE Sold Prices

Land registry data shows three sales for FLAT 3 9 CHAPEL PLACE 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 3 9 CHAPEL PLACE 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
2022 5 JUL	£140,000	£184,740	24% below HPI
1998 15 JUN	£16,250	£32,212	50% below HPI
1996 9 DEC	£14,500	£28,662	49% below HPI

What might FLAT 3 9 CHAPEL PLACE be worth now?

FLAT 3 9 CHAPEL PLACE might now be worth an estimated £120,188.

This is based on house price deflation of 14.2%, between July 2022 and July 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 14.2% deflationary decrease is applied to the most recent sale price for FLAT 3 9 CHAPEL PLACE of £140,000 on 5th July 2022. For the value to have decreased from £140,000 to £120,188 over the four years to July 2026, the following assumptions must hold true:

• The value of FLAT 3 9 CHAPEL PLACE has moved in line with the HPI for flats in the Thanet local authority area.
• The July 2022 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT 3 9 CHAPEL PLACE has not materially changed since July 2022.

How Large is FLAT 3 9 CHAPEL PLACE?

FLAT 3 9 CHAPEL PLACE is 43m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 20% of flats in Ramsgate, based on EPC data. 16% of flats are smaller than FLAT 3 9 CHAPEL PLACE, and 82% of flats are larger. Note that EPC data is not available for all properties in Ramsgate.

FLAT 3 9 CHAPEL PLACE: Plot

FLAT 3 9 CHAPEL PLACE sits on a plot of roughly 0.035 of an acre, or 140m².

Where is FLAT 3 9 CHAPEL PLACE?

FLAT 3, 9 CHAPEL PLACE is located in RAMSGATE, in the CT11 postcode district.