Feb 07, 2023 by HM

House prices in Westbrook (CT9 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Westbrook (CT9 5).

---

Price per square metre

Knowing the average house price in Westbrook 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. 72, All Saints Avenue, Westbrook, Margate, sold for £292,500 on Oct-2023. Given the internal area of 74 square metres, the price per sqm is £3,952.

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. £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 233 sales in Westbrook (CT9 5) 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 Westbrook (CT9 5). Of the 233 transactions, half were sold for between £2,950 and £4,050 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,050m². 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 'CT9 5' is £3,540. The table below shows how 'CT9 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CT9 3 Cliftonville	£3,000m2	£3,770m2	£4,560m2
CT9 5 Westbrook	£2,950m2	£3,540m2	£4,050m2
CT9 1 Margate	£2,540m2	£3,000m2	£3,600m2
CT9 2 Cliftonville	£2,180m2	£2,940m2	£3,450m2
CT9 4 Westwood	£3,090m2	£3,520m2	£4,050m2

Will Westbrook 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 CT9 5 (Westbrook). 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 CT9 5 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Westbrook 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 Westbrook data or any other data I am given.

Price map for Westbrook

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 Westbrook. 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 Westbrook

Street level data

Street	Avg size	Avg £/m2	Recent sales
Westbrook Avenue, Westbrook, CT9 5H	126m2	£3,415	29
All Saints Avenue, Westbrook, CT9 5Q	119m2	£3,390	27
The Royal Seabathing, Westbrook, CT9 5N	67m2	£3,257	26
High Street, Westbrook, CT9 5L	74m2	£3,001	21
Canterbury Road, Westbrook, CT9 5J	108m2	£2,951	16
St James Park Road, Westbrook, CT9 5H	85m2	£3,866	13
Coronation Crescent, Westbrook, CT9 5P	79m2	£2,974	12
Crowhill Road, Westbrook, CT9 5P	102m2	£2,389	12

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Roman Way, Westbrook, CT9 5F	90m2	£2,690	13
Brooke Close, Westbrook, CT9 5F	91m2	£2,699	16

Roman Way, Westbrook, CT9 5F has seen 13 new build sales in the last 4 years (average price £251,588). These new build homes typically have an internal area of 90 m2, with an average price of £2,690 m2. This £sqm average is £-850 below the average for CT9 5. New builds typically command a £ per sqm premium. In the case of Roman Way 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 Westbrook 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
72, All Saints Avenue, Westbrook, Margate	£292,500 Oct-2023	74	3,952
9, Noble Gardens, Westbrook, Margate	£300,000 Oct-2023	69	4,347
31, Gresham Avenue, Westbrook, Margate	£500,000 Oct-2023	100	5,000

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