Feb 07, 2023 by HM

House prices in Ramsgate (CT11 9)

This article reveals price per square metre data and various charts to help you understand current housing market in Ramsgate (CT11 9).

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Price per square metre

Knowing the average house price in Ramsgate is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 57b, Albert Street, Ramsgate, sold for £335,000 on Aug-2023. Given the internal area of 90 square metres, the price per sqm is £3,722.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 198 sales in Ramsgate (CT11 9) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Ramsgate (CT11 9). Of the 198 transactions, half were sold for between £2,580 and £3,590 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,590m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CT11 9' is £3,050. The table below shows how 'CT11 9' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CT11 0 Ramsgate	£3,160m2	£3,690m2	£4,280m2
CT11 7 Ramsgate	£2,700m2	£3,210m2	£3,610m2
CT11 8 Ramsgate	£2,300m2	£2,940m2	£3,520m2
CT11 9 Ramsgate	£2,580m2	£3,050m2	£3,590m2

Will Ramsgate house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for CT11 9 (Ramsgate). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for CT11 9 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Ramsgate and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Ramsgate data or any other data I am given.

Price map for Ramsgate

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Ramsgate. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Ramsgate

Street level data

Street	Avg size	Avg £/m2	Recent sales
Royal Road, Ramsgate, CT11 9L	153m2	£3,078	18
South Eastern Road, Ramsgate, CT11 9Q	124m2	£2,613	18
Queen Street, Ramsgate, CT11 9D	56m2	£2,094	18
Crescent Road, Ramsgate, CT11 9Q	121m2	£2,666	14
West Cliff Road, Ramsgate, CT11 9N	102m2	£2,315	13
Cannonbury Road, Ramsgate, CT11 9N	85m2	£2,689	13
Spencer Square, Ramsgate, CT11 9L	127m2	£3,059	13
Ellington Road, Ramsgate, CT11 9S	141m2	£2,810	13

Search for your street here.

Raw data

Our analysis of Ramsgate is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	m2	£/m2
57b, Albert St, Ramsgate	£335,000 Aug-2023	90	3,722
Flat 1 4, Kings Mews, Ramsgate	£157,500 Aug-2023	41	3,841
Flat 1 4, Codrington Rd, Ramsgate	£99,000 Jul-2023	50	1,980

See the entire list of all sales in Ramsgate (CT11 9) here.