# House prices in CT9 5 (Margate)

## 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 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. 31, Briary Close, Margate, sold for £249,999 on Apr-2024. Given the internal area of 100 square metres, the price per sqm is £2,499.

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 191 sales in Margate (CT9 5) 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 5). Of the 191 transactions, half were sold for between £2,990 and £4,020 per square metre. The median, or 'middle', price per square metre in 'CT9 5' is £3,570. Notably, only 25% of properties that sold recently were valued at more than £4,020 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 £2,310 sqm £3,000 sqm £3,580 sqm
CT9 2 Cliftonville £2,220 sqm £2,990 sqm £3,480 sqm
CT9 5 Margate £2,990 sqm £3,570 sqm £4,020 sqm
CT9 4 Margate £2,990 sqm £3,440 sqm £4,070 sqm
CT9 3 Cliftonville £3,050 sqm £3,790 sqm £4,550 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.

##### 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 5 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
The Royal Seabathing, Margate, CT9 5N 66 sqm £3,321 28
All Saints Avenue, Margate, CT9 5Q 119 sqm £3,430 27
Westbrook Avenue, Margate, CT9 5H 126 sqm £3,504 25
High Street, Margate, CT9 5L 74 sqm £3,098 20
Canterbury Road, Margate, CT9 5J 108 sqm £3,043 15
St James Park Road, Margate, CT9 5H 85 sqm £3,828 14
Coronation Crescent, Margate, CT9 5P 79 sqm £2,874 13
Canterbury Road, Margate, CT9 5A 74 sqm £2,600 12

## New build activity

Street Avg size Avg £sqm New build sales
Brooke Close, Margate, CT9 5F 93 sqm £2,699 17
Roman Way, Margate, CT9 5F 90 sqm £2,690 13

Brooke Close, Margate, CT9 5F has seen 17 new build sales in the last 4 years (average price £266,280). These new build homes typically have an internal area of 93 sqm, with an average price of £2,699 sqm. This £sqm average is £-871 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.