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House Prices in CT9 House Prices in CT9 (Margate)

The average house price in CT9 (Margate) is £268,008 using HM Land Registry data.

The average property price increased by £100,466 (36.53%) over the last 5 years and increased by £20,130 (5.15%) over the last 12 months.

Over the last year, there were 399 residential property sales – a decrease of 179 transactions (-44.86%) relative to the previous year. The majority of house sales (93) were in the £202,000 - £284,000 range. Then came properties in the £284,000 - £366,000 range, where 82 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 69 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,900 (-3%).

In Oct 24, there were 121 new estate agency instructions, 75 agreed home sales and 102 property price reductions.

Nearby Postcodes: CT10, CT11, CT12, CT13, CT3, CT6, CT7, CT8

5-Year Average Property Prices in CT9 (Margate)

36.53%

Property prices in Margate increased by 36.53% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in CT9 (Margate) Over the Last Year

5.15%

Property prices in Margate increased by 5.15% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for CT9 (Margate) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in CT9 (Margate)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in CT9 (Margate)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in CT9 (Margate)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the CT9 (Margate) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CT9 postcode area since 1995.

Recent Sales in CT9 (Margate)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 107, Queens Court, Queens Parade, Cliftonville, Margate, Kent, CT9 2GB£134,000£133,000-£1,00023 Mar 202429 Aug 2024159 Days
48 Hastings Avenue, Margate, Kent, CT9 2SG£280,000£262,500-£17,50008 Jan 202416 Aug 2024221 Days
46 Upper Dane Road, Margate, Kent, CT9 2LX£425,000£401,000-£24,00001 Feb 202412 Aug 2024193 Days
94 Northdown Road, Margate, Kent, CT9 2RE£355,000£355,000£0022 Mar 202409 Aug 2024140 Days
29 Springfield Road, Cliftonville, Margate, Kent, CT9 3ED£600,000£600,000£0030 Apr 202408 Aug 2024100 Days
21 Barnes Avenue, Westbrook, Margate, Kent, CT9 5EQ£775,000£751,000-£24,00030 Oct 202308 Aug 2024283 Days
92 Hastings Avenue, Margate, Kent, CT9 2SQ£275,000£270,000-£5,00002 Jan 202407 Aug 2024218 Days
44 Wharfedale Road, Margate, Kent, CT9 2TB£245,000£243,000-£2,00028 Mar 202406 Aug 2024131 Days
21 Wharfedale Road, Margate, Kent, CT9 2TA£115,000£112,500-£2,50026 Apr 202401 Aug 202497 Days
56 Eaton Road, Margate, Kent, CT9 1XA£330,000£330,000£0009 Dec 202331 Jul 2024235 Days
2 Farley Road, Margate, Kent, CT9 4EP£375,000£375,000£0021 Feb 202430 Jul 2024160 Days
24 Dane Road, Margate, Kent, CT9 2AA£415,000£405,000-£10,00011 Mar 202429 Jul 2024140 Days
27 Clarence Avenue, Cliftonville, Margate, Kent, CT9 3DP£400,000£395,000-£5,00018 Mar 202427 Jul 2024131 Days
25 Gladstone Road, Margate, Kent, CT9 5ST£245,000£242,500-£2,50022 Apr 202426 Jul 202495 Days
59 Staplehurst Gardens, Margate, Kent, CT9 3JD£260,000£250,000-£10,00014 Mar 202422 Jul 2024130 Days
81 Hastings Avenue, Margate, Kent, CT9 2SQ£250,000£240,000-£10,00010 Feb 202410 Jul 2024151 Days
12 Nightingale Place, Margate, Kent, CT9 2NP£300,000£295,000-£5,00011 Jan 202408 Jul 2024179 Days
58 Laleham Road, Margate, Kent, CT9 3QD£350,000£345,000-£5,00022 Sep 202304 Jul 2024286 Days
15 Crowhill Road, Margate, Kent, CT9 5PE£300,000£295,000-£5,00011 Mar 202402 Jul 2024113 Days
6 Eastern Esplanade, Cliftonville, Margate, Kent, CT9 2LB£190,000£180,000-£10,00011 Mar 202427 Jun 2024108 Days

Most Expensive Streets in CT9 (Margate)

PostcodeStreetAreaAverageNo. of Sales
CT9 5EGRoyal Esplanade, WestbrookMargate£698,5593
CT9 5EAPembroke Avenue, WestbrookMargate£685,0003
CT9 3ADDevonshire Gardens, CliftonvilleMargate£654,0005
CT9 5EQBarnes Avenue, WestbrookMargate£630,9449
CT9 3ARPrinces Gardens, CliftonvilleMargate£612,6504
CT9 5LLDent De Lion CourtMargate£602,1254
CT9 3EJThe Ridings, CliftonvilleMargate£586,5559
CT9 5EHGresham Avenue, WestbrookMargate£567,09011
CT9 5HJAudley Avenue, WestbrookMargate£557,5003
CT9 3BDAvenue Gardens, CliftonvilleMargate£556,8754

Least Expensive Streets in CT9 (Margate)

PostcodeStreetAreaAverageNo. of Sales
CT9 1JFHomefern House, Cobbs PlaceMargate£61,65010
CT9 1JEHomefern House, Cobbs PlaceMargate£64,0009
CT9 2JXDarwin Court, Harold RoadMargate£82,23944
CT9 1XPArlington House, All Saints AvenueMargate£83,0005
CT9 1XRArlington House, All Saints AvenueMargate£91,7496
CT9 2HNDickens Court, Harold RoadMargate£93,47628
CT9 2QYNorthdown Road, CliftonvilleMargate£96,0003
CT9 1TWHomestead CloseMargate£98,0833
CT9 1AFSea Court, The PassageMargate£100,92510
CT9 3PRQueen Elizabeth Lodge, Laleham GardensMargate£103,14117

Explore CT9 (Margate) using map

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