House prices in CT9 5 (Margate)

This article reveals price per square metre data and various charts to help you understand current housing market in 'CT9 5' (Margate) - statistics were last calculated on 30 August 2024.

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Defining 'CT9 5'

This analysis is limited to properties whose postcode starts with "CT9 5", 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 to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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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. 33, Canterbury Road, Margate, sold for £575,000 on Jul-2024. Given the internal area of 216 square metres, the price per sqm is £2,662.

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 174 sales in Margate (CT9 5) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

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 5). Of the 174 transactions, half were sold for between £3,080 and £3,990 per square metre. The median, or 'middle', price per square metre in 'CT9 5' is £3,590. Notably, only 25% of properties that sold recently were valued at more than £3,990 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.

House price heatmap for Margate

Comparison with neighbouring postcode sectors

The table below shows how 'CT9 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CT9 1 Margate	£2,340 sqm	£3,050 sqm	£3,560 sqm
CT9 2 Cliftonville	£2,280 sqm	£3,040 sqm	£3,490 sqm
CT9 5 Margate	£3,080 sqm	£3,590 sqm	£3,990 sqm
CT9 4 Margate	£3,170 sqm	£3,620 sqm	£4,180 sqm
CT9 3 Cliftonville	£3,110 sqm	£3,800 sqm	£4,470 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 5 (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.

Download time series data as CSV (paying users only).

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.

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
All Saints Avenue, Margate, CT9 5Q	119 sqm	£3,420	28
The Royal Seabathing, Margate, CT9 5N	66 sqm	£3,319	26
Westbrook Avenue, Margate, CT9 5H	126 sqm	£3,578	25
High Street, Margate, CT9 5L	74 sqm	£3,128	18
Canterbury Road, Margate, CT9 5J	110 sqm	£3,079	15
St James Park Road, Margate, CT9 5H	85 sqm	£3,855	14
Coronation Crescent, Margate, CT9 5P	79 sqm	£2,874	13
Canterbury Road, Margate, CT9 5A	71 sqm	£2,868	10

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Brooke Close, Margate, CT9 5F	86 sqm	£3,098	10

Brooke Close, Margate, CT9 5F has seen 10 new build sales in the last 4 years (average price £282,666). These new build homes typically have an internal area of 86 sqm, with an average price of £3,098 sqm. This £sqm average is £-492 below the average for CT9 5. New builds typically command a £ per sqm premium. In the case of Brooke Close the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

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
33, Canterbury Rd, Margate	£575,000 Jul-2024	216	2,662
15, Crowhill Rd, Margate	£295,000 Jul-2024	80	3,687
48, Fulham Avenue, Margate	£360,000 Jun-2024	92	3,913

See the entire list of all sales in Margate (CT9 5) here.