House prices in CT9 1 (Margate)

This article reveals price per square metre data and various charts to help you understand current housing market in Margate (CT9 1).


Defining 'CT9 1'

This analysis is limited to properties whose postcode starts with "CT9 1", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Margate.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Margate 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. Flat 15b Arlington House, All Saints Avenue, Margate, sold for £78,000 on Mar-2024. Given the internal area of 45 square metres, the price per sqm is £1,733.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 190 sales in Margate (CT9 1) that took place in the last two years.

Distribution of £ per sqm for Margate
Distribution of £ per sqm house prices in Margate

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.

The spread of prices will give you a feel of the typical range to expect in Margate (CT9 1). Of the 190 transactions, half were sold for between £2,340 and £3,520 per square metre. The median, or 'middle', price per square metre in 'CT9 1' is £2,990. Notably, only 25% of properties that sold recently were valued at more than £3,520 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Margate

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Margate. 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.

Property price heatmap for Margate
House price heatmap for Margate

Comparison with neighbouring postcode sectors

The table below shows how 'CT9 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CT9 4 Margate £3,020 sqm £3,470 sqm £4,060 sqm
CT9 3 Cliftonville £3,080 sqm £3,870 sqm £4,570 sqm
CT9 1 Margate £2,340 sqm £2,990 sqm £3,520 sqm
CT9 2 Cliftonville £2,260 sqm £3,000 sqm £3,490 sqm
CT9 5 Margate £3,040 sqm £3,590 sqm £4,080 sqm

Will Margate 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 chart below for CT9 1 (Margate) compared with both the wider area CT9 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Historic price per square metre in Margate,Margate
House price trends for Margate

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Most recent CT9 1 sales
Recent trends for Margate

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Margate to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Margate 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.

Street level data

Street Avg size Avg £sqm Recent sales
Trinity Square, Margate, CT9 1H 80 sqm £2,948 33
All Saints Avenue, Margate, CT9 1X 53 sqm £1,979 25
Byron Avenue, Margate, CT9 1T 72 sqm £3,049 20
Eaton Road, Margate, CT9 1X 84 sqm £2,507 18
Milton Avenue, Margate, CT9 1T 65 sqm £2,945 16
Cobbs Place, Margate, CT9 1J 40 sqm £1,476 15
Grosvenor Place, Margate, CT9 1U 91 sqm £3,302 13
Hawley Square, Margate, CT9 1P 74 sqm £2,369 13

Search for your street here.

Raw data

Our analysis of Margate 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 sqm £/sqm
Flat 15b Arlington House, All Saints Avenue, Margate £78,000
Mar-2024
45 1,733
123, Grosvenor Pl, Margate £350,000
Feb-2024
88 3,977
Flat 2 Edinburgh Court, Milton Avenue, Margate £94,000
Feb-2024
48 1,958

See the entire list of all sales in Margate (CT9 1) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.