FLAT, 53, RAMSGATE ROAD, MARGATE, CT9 5RT - £70,000

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 flat, which could now be worth an estimated £73,104. It was last sold for £70,000 in August 2018, which was around 53% below the average August 2018 flat price in the Thanet local authority area.

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
2018 22 AUG	£70,000	£148,288	53% below HPI
1999 30 SEP	£13,000	£36,030	64% below HPI

What might FLAT be worth now?

FLAT might now be worth an estimated £73,104.

This is based on house price inflation of 4.4%, between August 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 4.4% inflationary increase is applied to the most recent sale price for FLAT of £70,000 on 22nd August 2018. For the value to have increased from £70,000 to £73,104 over the eight years and four 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 August 2018 sale price of £70,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT has not materially changed since August 2018.

Where is FLAT?

FLAT, 53 RAMSGATE ROAD is located in MARGATE, in the CT9 postcode district.