UPPER FLAT, 37, PARK ROAD, RAMSGATE, CT11 9TL - £225,000

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.

UPPER FLAT is a very large extended flat of 94m², built sometime between 1900 and 1929, which could now be worth an estimated £247,471. It was last sold for £225,000 in April 2019, which was around 60% above the average April 2019 flat price in the Thanet local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

UPPER FLAT Sold Prices

Land registry data shows three sales for UPPER 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. Two of the three UPPER FLAT sales were for above the average price, whilst one was 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
2019 2 APR	£225,000	£140,802	60% above HPI
2017 14 JUL	£142,500	£140,717	1% above HPI
2017 7 JUN	£100,000	£138,202	28% below HPI

What might UPPER FLAT be worth now?

UPPER FLAT might now be worth an estimated £247,471.

This is based on house price inflation of 10%, between April 2019 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 10% inflationary increase is applied to the most recent sale price for UPPER FLAT of £225,000 on 2nd April 2019. For the value to have increased from £225,000 to £247,471 over the seven years to April 2026, the following assumptions must hold true:

• The value of UPPER FLAT has moved in line with the HPI for flats in the Thanet local authority area.
• The April 2019 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of UPPER FLAT has not materially changed since April 2019.

How Large is UPPER FLAT?

UPPER FLAT is 94m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the largest 10% of flats in Ramsgate, based on EPC data. 94% of flats are smaller than UPPER FLAT, and 6% of flats are larger. Note that EPC data is not available for all properties in Ramsgate.

UPPER FLAT: Plot

UPPER FLAT sits on a plot of roughly 0.075 of an acre, or 305m².