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Ramsgate House Prices Ramsgate House Prices

The average house price in Ramsgate is £259,933 using HM Land Registry data.

The average property price increased by £110,627 (49.29%) over the last 5 years and increased by £22,110 (7.06%) over the last 12 months.

Over the last year, there were 401 residential property sales – a decrease of 273 transactions (-68.08%) relative to the previous year. The majority of house sales (103) were in the £274,000 - £336,000 range. Then came properties in the £212,000 - £274,000 range, where 93 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 82 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,113 (-3%).

In April 2024, there were 126 new estate agency instructions, 61 agreed home sales and 68 property price reductions.

Neighbouring Areas: Margate, Broadstairs

Postcodes Covered: CT10, CT11, CT12

5-Year Average Property Prices in Ramsgate

49.29%

Property prices in Ramsgate increased by 49.29% 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

7.06%

Property prices in Ramsgate increased by 7.06% 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 - 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 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
2 Southwood Gardens, Ramsgate, Kent, CT11 0BQ£339,950£322,000-£17,95006 Sep 202308 Mar 2024184 Days
Flat 86, Homefleet House, Wellington Crescent, Ramsgate, Kent, CT11 8JZ£79,500£65,000-£14,50028 Jun 202308 Mar 2024254 Days
24 Dane Road, Ramsgate, Kent, CT11 7LE£250,000£250,000£0021 Nov 202308 Mar 2024108 Days
15 Cavendish Street, Ramsgate, Kent, CT11 9AL£299,995£295,000-£4,99501 Dec 202307 Mar 202497 Days
23 Albert Street, Ramsgate, Kent, CT11 9HD£400,000£400,000£0009 Oct 202305 Mar 2024148 Days
18 Bloomsbury Road, Ramsgate, Kent, CT11 0AG£249,950£240,000-£9,95020 Oct 202301 Mar 2024133 Days
Flat 12, John Nicholas House, West Cliff Road, Ramsgate, Kent, CT11 9HR£330,000£325,000-£5,00012 Jun 202329 Feb 2024262 Days
6 Borrowdale Avenue, Ramsgate, Kent, CT11 0PS£325,000£305,000-£20,00002 Nov 202315 Feb 2024105 Days
Flat 22, Vyeson Court, Queen Street, Ramsgate, Kent, CT11 9DT£165,000£165,000£0018 Oct 202312 Feb 2024117 Days
11 Claremont Gardens, Ramsgate, Kent, CT11 0BP£185,000£181,000-£4,00010 Oct 202309 Feb 2024122 Days
4 Montague Road, Ramsgate, Kent, CT11 7LF£235,000£230,500-£4,50015 Aug 202305 Feb 2024174 Days
13 Newlands Road, Ramsgate, Kent, CT12 6RF£270,000£265,000-£5,00012 Oct 202305 Feb 2024116 Days
6 Newington Road, Ramsgate, Kent, CT11 0QX£240,000£235,000-£5,00008 Mar 202302 Feb 2024331 Days
24 Southwood Road, Ramsgate, Kent, CT11 0AA£325,000£312,000-£13,00011 Jul 202302 Feb 2024206 Days
13 Vine Close, Ramsgate, Kent, CT11 7BJ£220,000£215,000-£5,00017 Jul 202320 Dec 2023156 Days
17 Anns Road, Ramsgate, Kent, CT11 7NL£280,000£275,000-£5,00009 Oct 202319 Dec 202371 Days
22 Violet Avenue, Ramsgate, Kent, CT12 6TJ£299,995£285,000-£14,99526 Sep 202319 Dec 202384 Days
62 Boundary Road, Ramsgate, Kent, CT11 7NP£195,000£189,000-£6,00022 Aug 202315 Dec 2023115 Days
52 Church Road, Ramsgate, Kent, CT11 8RF£225,000£220,000-£5,00011 Sep 202313 Dec 202393 Days
71 Whitehall Road, Newington, Ramsgate, Kent, CT12 6DF£325,000£315,000-£10,00019 Aug 202312 Dec 2023115 Days

Most Expensive Streets in Ramsgate

PostcodeStreetAreaAverageNo. of Sales
CT11 9JFNelson CrescentRamsgate£930,0003
CT11 8AJVictoria ParadeRamsgate£775,0003
CT11 9DAVale SquareRamsgate£769,9983
CT11 9JEProspect TerraceRamsgate£731,0003
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

Least Expensive Streets in Ramsgate

PostcodeStreetAreaAverageNo. of Sales
CT11 9YEMinerva HouseFortuna Court£52,6254
CT11 8JZHomefleet HouseWellington Crescent£73,61921
CT11 8JYHomefleet HouseWellington Crescent£89,93413
CT11 8NZKing StreetRamsgate£99,1254
CT11 8BTVictoria RoadRamsgate£107,1258
CT12 6BXElizabeth Kemp CourtWhitehall Road£108,5717
CT11 7RPChatham CourtMargate Road£109,1663
CT12 6RYMentmore RoadRamsgate£110,2857
CT11 9AJKingswood HouseEffingham Street, Ramsgate£110,7483
CT11 8NQBroad StreetRamsgate£110,8754

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