SECOND FLOOR FLAT, 39, SPENCER SQUARE, RAMSGATE, CT11 9LD - £75,000

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.

SECOND FLOOR FLAT is a flat, which could now be worth an estimated £113,034. It was last sold for £75,000 in October 2004, which was around 27% below the average October 2004 flat price in the Thanet local authority area.

SECOND FLOOR FLAT Sold Prices

Land registry data shows two sales for SECOND FLOOR 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 SECOND FLOOR 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
2004 14 OCT	£75,000	£102,755	27% below HPI
1996 14 MAY	£10,000	£28,492	65% below HPI

What might SECOND FLOOR FLAT be worth now?

SECOND FLOOR FLAT might now be worth an estimated £113,034.

This is based on house price inflation of 50.7%, between October 2004 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 50.7% inflationary increase is applied to the most recent sale price for SECOND FLOOR FLAT of £75,000 on 14th October 2004. For the value to have increased from £75,000 to £113,034 over the 22 years and six months to April 2026, the following assumptions must hold true:

• The value of SECOND FLOOR FLAT has moved in line with the HPI for flats in the Thanet local authority area.
• The October 2004 sale price of £75,000 represented a fair market value for the property.
• The size, condition, and specification of SECOND FLOOR FLAT has not materially changed since October 2004.