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Margate House Prices Margate House Prices

The average house price in Margate is £327,980 using HM Land Registry data.

The average property price increased by £108,744 (46.24%) over the last 5 years and increased by £21,734 (6.75%) over the last 12 months.

Over the last year, there were 628 residential property sales – a decrease of 464 transactions (-73.89%) relative to the previous year. The majority of house sales (131) were in the £202,000 - £284,000 range. Then came properties in the £284,000 - £366,000 range, where 129 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 107 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,236 (-3%).

In April 2024, there were 190 new estate agency instructions, 114 agreed home sales and 146 property price reductions.

Neighbouring Areas: Broadstairs, Ramsgate

Postcodes Covered: CT10, CT7, CT8, CT9

5-Year Average Property Prices in Margate

46.24%

Property prices in Margate increased by 46.24% 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 Margate Over the Last Year

6.75%

Property prices in Margate increased by 6.75% 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 Margate - April 2024

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 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 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 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 Margate since 1995

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

Recent Property Sales in Margate

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
65 Clarence Avenue, Margate, Kent, CT9 3DR£475,000£465,000-£10,00016 Oct 202320 Mar 2024156 Days
3 Noble Gardens, Margate, Kent, CT9 5LD£360,000£350,000-£10,00022 Nov 202304 Mar 2024103 Days
27 Springfield Road, Cliftonville, Margate, Kent, CT9 3ED£475,000£472,000-£3,00003 Oct 202304 Mar 2024153 Days
3 Walnut Tree Close, Birchington, Kent, CT7 9DA£245,000£220,000-£25,00005 Jun 202301 Mar 2024270 Days
38 Royal Esplanade, Westbrook, Margate, Kent, CT9 5EJ£720,000£680,000-£40,00002 Aug 202321 Feb 2024203 Days
7 Glencoe Road, Margate, Kent, CT9 2SL£225,000£209,700-£15,30004 Aug 202312 Feb 2024192 Days
Ground Floor Flat, 69, Fitzroy Avenue, Margate, Kent, CT9 2TX£237,500£233,000-£4,50017 Aug 202309 Feb 2024176 Days
77 King Edward Road, Birchington, Kent, CT7 0EG£315,000£300,000-£15,00015 Nov 202302 Feb 202479 Days
Flat 26, St Mildreds Court, Beach Road, Westgate-on-sea, Kent, CT8 8AE£140,000£120,000-£20,00006 Mar 202331 Jan 2024331 Days
Flat 33, Dickens Court, Harold Road, Cliftonville, Margate, Kent, CT9 2HN£82,500£77,500-£5,00009 Nov 202226 Jan 2024443 Days
26 Suffolk Avenue, Westgate-on-sea, Kent, CT8 8JG£240,000£232,500-£7,50023 Sep 202309 Jan 2024108 Days
9 Dent De Lion Court, Margate, Kent, CT9 5LL£695,000£670,000-£25,00012 Apr 202308 Jan 2024271 Days
20 Northumberland Avenue, Margate, Kent, CT9 3BP£675,000£650,000-£25,00029 Sep 202321 Dec 202383 Days
29 Avenue Gardens, Cliftonville, Margate, Kent, CT9 3AZ£475,000£460,000-£15,00023 Jun 202320 Dec 2023180 Days
8 Noble Gardens, Margate, Kent, CT9 5LD£325,000£325,000£0022 Sep 202320 Dec 202389 Days
26 Dane Park Road, Margate, Kent, CT9 1RG£325,000£312,736-£12,26430 Aug 202314 Dec 2023106 Days
19 Osborne Terrace, Margate, Kent, CT9 1TP£250,000£240,000-£10,00017 Aug 202314 Dec 2023119 Days
58 Buckingham Road, Margate, Kent, CT9 5SS£275,000£246,000-£29,00020 Jun 202314 Dec 2023177 Days
51 Friends Avenue, Margate, Kent, CT9 3XE£220,000£220,000£0016 Aug 202312 Dec 2023118 Days
68 Yew Tree Gardens, Birchington, Kent, CT7 9AL£265,000£252,000-£13,00027 Sep 202312 Dec 202376 Days

Most Expensive Streets in Margate

PostcodeStreetAreaAverageNo. of Sales
CT9 5ETRoyal EsplanadeWestbrook£898,3333
CT7 9PSDaryngton AvenueBirchington£756,8754
CT9 5EGRoyal EsplanadeWestbrook£698,5593
CT9 5EAPembroke AvenueWestbrook£685,0003
CT7 9QNQueens AvenueBirchington£680,6005
CT7 9NAHarold RoadBirchington£653,60010
CT7 9JZGreen RoadBirchington£645,0004
CT7 9QPHengist RoadBirchington£643,1456
CT9 5EQBarnes AvenueWestbrook£615,9378
CT9 5LLDent De Lion CourtMargate£602,1254

Least Expensive Streets in Margate

PostcodeStreetAreaAverageNo. of Sales
CT9 1JFHomefern HouseCobbs Place£61,19213
CT9 1JEHomefern HouseCobbs Place£64,0009
CT9 2JXDarwin CourtHarold Road£81,37043
CT9 1XPArlington HouseAll Saints Avenue£83,0005
CT7 9ELHomebirch HouseHunting Gate£89,9449
CT9 1XRArlington HouseAll Saints Avenue£91,7496
CT9 2QYNorthdown RoadCliftonville£96,0003
CT9 2HNDickens CourtHarold Road£96,01326
CT9 1TWHomestead CloseMargate£98,0833
CT9 2RENorthdown RoadMargate£98,7496

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