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Minster-in-Thanet House Prices Minster-in-Thanet House Prices

The average house price in Minster-in-Thanet is £338,333 using HM Land Registry data.

The average property price increased by £72,939 (23.27%) over the last 5 years and increased by £14,578 (3.92%) over the last 12 months.

Over the last year, there were 42 residential property sales – a decrease of 44 transactions (-104.76%) relative to the previous year. The majority of house sales (13) were in the £292,000 - £334,000 range. Then came properties in the £250,000 - £292,000 range, where 7 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 83 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,197 (-2%).

In April 2024, there were 22 new estate agency instructions, 9 agreed home sales and 11 property price reductions.

Postcodes Covered: CT12, CT7, CT9

5-Year Average Property Prices in Minster-in-Thanet

23.27%

Property prices in Minster-in-Thanet increased by 23.27% 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 Minster-in-Thanet Over the Last Year

3.92%

Property prices in Minster-in-Thanet increased by 3.92% 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 Minster-in-Thanet - 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 Minster-in-Thanet

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 Minster-in-Thanet

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 Minster-in-Thanet

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 Minster-in-Thanet since 1995

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

Recent Property Sales in Minster-in-Thanet

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
87 Monkton Road, Minster, Ramsgate, Kent, CT12 4EE£340,000£340,000£0003 Nov 202325 Mar 2024143 Days
16 St Mildreds Road, Minster, Ramsgate, Kent, CT12 4DE£475,000£465,000-£10,00006 Jul 202306 Dec 2023153 Days
18 St Catherines Grove, Manston, Ramsgate, Kent, CT12 5BD£400,000£380,000-£20,00018 Aug 202330 Nov 2023104 Days
61 Monkton Road, Minster, Ramsgate, Kent, CT12 4EE£400,000£380,000-£20,00002 Dec 202227 Nov 2023360 Days
Cleve Court Farm House, Minster Road, Monkton, Ramsgate, Kent, CT12 4BA£750,000£745,000-£5,00014 Aug 202324 Nov 2023102 Days
8 Fairfield Road, Minster, Ramsgate, Kent, CT12 4AW£340,000£340,000£0014 Jun 202321 Nov 2023160 Days
35 Greenhill Gardens, Minster, Ramsgate, Kent, CT12 4EP£310,000£300,000-£10,00030 Jun 202327 Oct 2023119 Days
32 Rose Gardens, Minster, Ramsgate, Kent, CT12 4AQ£325,000£315,000-£10,00010 Aug 202227 Oct 2023443 Days
6 Laurensfield, Minster, Ramsgate, Kent, CT12 4AE£499,995£490,000-£9,99517 Mar 202318 Aug 2023154 Days
2 Norton Drive, Minster, Ramsgate, Kent, CT12 4BS£325,000£315,000-£10,00023 Nov 202228 Jul 2023247 Days
Sandlin, Bedlam Court Lane, Minster, Ramsgate, Kent, CT12 4HG£400,000£385,000-£15,00014 Feb 202307 Jul 2023143 Days
15 Conyngham Road, Minster, Ramsgate, Kent, CT12 4HA£350,000£350,000£0020 Dec 202221 Apr 2023122 Days
30 High Street, Manston, Ramsgate, Kent, CT12 5BG£475,000£460,000-£15,00031 Aug 202228 Mar 2023209 Days
6 Clive Road, Cliffsend, Ramsgate, Kent, CT12 5EQ£390,000£387,500-£2,50010 Oct 202224 Mar 2023165 Days
50 Prospect Road, Minster, Ramsgate, Kent, CT12 4EG£400,000£383,000-£17,00008 Apr 202217 Mar 2023343 Days
84 Tothill Street, Minster, Ramsgate, Kent, CT12 4AJ£185,000£175,000-£10,00015 Nov 202206 Feb 202383 Days
6 Prospect Gardens, Minster, Ramsgate, Kent, CT12 4EH£300,000£295,000-£5,00002 Mar 202224 Jan 2023328 Days
1 Tollemache Close, Manston, Ramsgate, Kent, CT12 5LX£280,000£280,000£0009 May 202220 Jan 2023256 Days
31 Brockmans Close, Minster, Ramsgate, Kent, CT12 4ET£285,000£280,000-£5,00007 Mar 202213 Dec 2022281 Days
9 Orchard Close, Minster, Ramsgate, Kent, CT12 4AL£350,000£333,000-£17,00027 May 202225 Nov 2022182 Days

Most Expensive Streets in Minster-in-Thanet

PostcodeStreetAreaAverageNo. of Sales
CT12 4BAMinster RoadMonkton£653,3333
CT12 4EBMonkton RoadMinster£495,6254
CT12 5EHSea View RoadCliffsend£430,0003
CT12 5EYThe CourtyardManston Court Road£425,6653
CT12 4DNThorne RoadMinster£421,5004
CT12 5GZThe MeadowsManston£416,76417
CT12 4HGBedlam Court LaneMinster£415,2504
CT12 5EDCliff View RoadCliffsend£405,0004
CT12 5ELFoads HillCliffsend£397,3333
CT12 4ARSouthall CloseMinster£394,23013

Least Expensive Streets in Minster-in-Thanet

PostcodeStreetAreaAverageNo. of Sales
CT12 5APPreston RoadManston£200,3333
CT12 4ABHigh StreetMinster£229,1254
CT12 4DSMolineux RoadMinster£232,3333
CT12 4DTSt Marys RoadMinster£249,3005
CT12 4BZStation RoadMinster£253,0004
CT12 4AQRose GardensMinster£254,5717
CT12 4BDBurgess CloseMinster£255,5004
CT12 5LYEsmonde DriveManston£262,3333
CT12 4ETBrockmans CloseMinster£263,3313
CT12 5LZBeamont CloseManston£267,7504

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