REAR FLAT, 39, SPENCER SQUARE, RAMSGATE, CT11 9LD - £160,000

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.

REAR FLAT is a flat, which could now be worth an estimated £171,755. It was last sold for £160,000 in July 2018, which was around 9% above the average July 2018 flat price in the Thanet local authority area.

REAR FLAT Sold Prices

Land registry data shows three sales for REAR FLAT 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. One of the three REAR FLAT sales was for above the average price, whilst two 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 25 JUL	£160,000	£147,069	9% above HPI
2017 24 AUG	£125,000	£142,936	13% below HPI
2004 14 OCT	£55,000	£102,755	46% below HPI

What might REAR FLAT be worth now?

REAR FLAT might now be worth an estimated £171,755.

This is based on house price inflation of 7.3%, between July 2018 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 7.3% inflationary increase is applied to the most recent sale price for REAR FLAT of £160,000 on 25th July 2018. For the value to have increased from £160,000 to £171,755 over the eight years and two months to May 2026, the following assumptions must hold true:

• The value of REAR FLAT has moved in line with the HPI for flats in the Thanet local authority area.
• The July 2018 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of REAR FLAT has not materially changed since July 2018.