LOWER FLAT, 1, ROSE HILL, RAMSGATE, CT11 9HX - £260,000

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.

LOWER FLAT is a flat, which could now be worth an estimated £256,422. It was last sold for £260,000 in May 2021, which was around 62% above the average May 2021 flat price in the Thanet local authority area.

LOWER FLAT Sold Prices

Land registry data shows one sale for LOWER FLAT 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
2021 12 MAY	£260,000	£160,077	62% above HPI

What might LOWER FLAT be worth now?

LOWER FLAT might now be worth an estimated £256,422.

This is based on house price deflation of 1.4%, between May 2021 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 1.4% deflationary decrease is applied to the most recent sale price for LOWER FLAT of £260,000 on 12th May 2021. For the value to have decreased from £260,000 to £256,422 over the five years to May 2026, the following assumptions must hold true:

• The value of LOWER FLAT has moved in line with the HPI for flats in the Thanet local authority area.
• The May 2021 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of LOWER FLAT has not materially changed since May 2021.