FLAT, 31A, RAMSGATE ROAD, MARGATE, CT9 5RT - £72,000

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 extended flat of 83m², built sometime before 1900, which could now be worth an estimated £107,068. It was last sold for £72,000 in June 2014, which was around 31% below the average June 2014 flat price in the Thanet local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

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 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
2014 24 JUN	£72,000	£104,141	31% below HPI
2009 6 APR	£42,000	£96,754	57% below HPI

What might FLAT be worth now?

FLAT might now be worth an estimated £107,068.

This is based on house price inflation of 48.7%, between June 2014 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 48.7% inflationary increase is applied to the most recent sale price for FLAT of £72,000 on 24th June 2014. For the value to have increased from £72,000 to £107,068 over the twelve years and two months to April 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 £72,000 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 83m², which includes two extensions, according to the EPC inspection conducted in June 2020. This puts it in the largest 20% of flats in Margate, based on EPC data. 90% of flats are smaller than FLAT, and 10% of flats are larger. Note that EPC data is not available for all properties in Margate.

FLAT: Plot

FLAT sits on a plot of roughly 0.096 of an acre, or 387m².

Where is FLAT?

FLAT, 31A RAMSGATE ROAD is located in MARGATE, in the CT9 postcode district.