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Ramsgate House Prices Ramsgate House Prices

The average house price in Ramsgate is £244,831 using HM Land Registry data.

The average property price increased by £105,529 (46.02%) over the last 5 years and increased by £21,096 (6.72%) over the last 12 months.

Over the last year, there were 389 residential property sales – a decrease of 275 transactions (-70.69%) relative to the previous year. The majority of house sales (108) were in the £204,000 - £268,000 range. Then came properties in the £268,000 - £332,000 range, where 89 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 88 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,113 (-3%).

In Oct 24, there were 121 new estate agency instructions, 83 agreed home sales and 120 property price reductions.

Neighbouring Areas: Margate, Broadstairs

Postcodes Covered: CT10, CT11, CT12

5-Year Average Property Prices in Ramsgate

46.02%

Property prices in Ramsgate increased by 46.02% 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 Ramsgate Over the Last Year

6.72%

Property prices in Ramsgate increased by 6.72% 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 Ramsgate - 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 Ramsgate

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 Ramsgate

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 Ramsgate

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 Ramsgate since 1995

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

Recent Property Sales in Ramsgate

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
22 Donnahay Road, Ramsgate, Kent, CT12 6RW£375,000£375,000£0021 Apr 202421 Aug 2024122 Days
10 Kirkstone Avenue, Ramsgate, Kent, CT11 0NT£265,000£265,000£0010 Apr 202419 Aug 2024131 Days
19 Sundew Grove, Ramsgate, Kent, CT11 7PL£177,000£168,000-£9,00010 Apr 202419 Aug 2024131 Days
53 Whitehall Road, Newington, Ramsgate, Kent, CT12 6DE£375,000£370,000-£5,00017 May 202416 Aug 202491 Days
337 Clements Road, Ramsgate, Kent, CT12 6UG£275,000£270,000-£5,00010 May 202414 Aug 202496 Days
25 Cannonbury Road, Ramsgate, Kent, CT11 9NH£375,000£345,000-£30,00010 Oct 202312 Aug 2024307 Days
106 Margate Road, Ramsgate, Kent, CT11 7SQ£285,000£285,000£0011 Apr 202409 Aug 2024120 Days
11 Kingston Close, Newington, Ramsgate, Kent, CT12 6PE£230,000£218,000-£12,00029 Feb 202409 Aug 2024162 Days
7 Martins Close, Ramsgate, Kent, CT12 6TD£399,995£390,000-£9,99522 Mar 202408 Aug 2024139 Days
217 Margate Road, Ramsgate, Kent, CT12 6SZ£299,999£295,000-£4,99911 Jan 202406 Aug 2024208 Days
47 Bloomsbury Road, Ramsgate, Kent, CT11 0AQ£250,000£248,000-£2,00002 Feb 202405 Aug 2024185 Days
275 Margate Road, Ramsgate, Kent, CT12 6TE£299,995£290,000-£9,99508 Nov 202302 Aug 2024268 Days
3 Helvellyn Avenue, Ramsgate, Kent, CT11 0RS£390,000£385,000-£5,00010 Jan 202431 Jul 2024203 Days
6 Derwent Avenue, Ramsgate, Kent, CT11 0QA£359,995£352,000-£7,99503 Apr 202431 Jul 2024119 Days
3 Mentmore Road, Ramsgate, Kent, CT12 6RY£155,000£145,000-£10,00025 Apr 202431 Jul 202497 Days
12 Kings Road, Ramsgate, Kent, CT11 7RT£249,950£245,000-£4,95012 Apr 202430 Jul 2024109 Days
36 Sherwood Gardens, Ramsgate, Kent, CT11 7AR£240,000£220,000-£20,00020 Feb 202425 Jul 2024156 Days
Flat 18, Dormans Yard, Victoria Road, Ramsgate, Kent, CT11 8JW£150,000£143,000-£7,00020 Jan 202419 Jul 2024181 Days
5 Vale Place, Ramsgate, Kent, CT11 9LL£275,000£255,000-£20,00008 Mar 202417 Jul 2024131 Days
19 Vale Square, Ramsgate, Kent, CT11 9DF£1,025,000£995,000-£30,00006 Sep 202310 Jul 2024308 Days

Most Expensive Streets in Ramsgate

PostcodeStreetAreaAverageNo. of Sales
CT11 9JFNelson CrescentRamsgate£930,0003
CT11 9JEProspect TerraceRamsgate£752,0004
CT11 9DFVale SquareRamsgate£698,3333
CT11 0FHSmugglers CloseRamsgate£678,5717
CT11 0FFForeland HeightsRamsgate£610,09516
CT10 1FXSouth Cliff DriveBroadstairs£599,4449
CT11 9SBChapel PlaceRamsgate£588,3333
CT11 9TRSouth Eastern RoadRamsgate£585,0003
CT11 0DWLondon RoadRamsgate£578,5073
CT11 8EALyndhurst RoadRamsgate£572,2504

Least Expensive Streets in Ramsgate

PostcodeStreetAreaAverageNo. of Sales
CT11 9YEMinerva HouseFortuna Court£53,5004
CT11 8JZHomefleet HouseWellington Crescent£74,14717
CT11 8JYHomefleet HouseWellington Crescent£84,42111
CT11 8NZKing StreetRamsgate£99,1254
CT11 8BTVictoria RoadRamsgate£102,6666
CT11 8QHBrunswick StreetRamsgate£104,5004
CT11 7RPChatham CourtMargate Road£109,1663
CT11 9AJKingswood HouseEffingham Street, Ramsgate£110,7483
CT11 8NQBroad StreetRamsgate£110,8754
CT12 6BXElizabeth Kemp CourtWhitehall Road£111,6666

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