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8 Grosvenor Place is a residential building situated on Grosvenor Place, Margate, CT9 with 4 addresses.
It ranks as the 1197th largest and 1602nd most expensive of the 1,868 buildings in the CT9 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 4 properties: 4 flats.
8 Grosvenor Place is a residential building situated on Grosvenor Place, Margate, CT9 with 4 addresses.
It ranks as the 1197th largest and 1602nd most expensive of the 1,868 buildings in the CT9 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 4 properties: 4 flats.
Sale prices range from £176,970 for 2 bedroom freehold houses with a garden (376 ft2) to £255,171 for 1 bedroom Leasehold flats (452 ft2) .
Monthly rental prices range from £911 pcm for 2 bed houses to £1,160 pcm for 1 bed flats.
The gross rental yield is between 5.5% and 6.2%.
The average value per square foot is £567.
The last sale in 8 Grosvenor Place sold for £145,000 on 11th July 2016. Since then prices are up an average of 29.8%.
The current average value in the building is £224,880.
The 8 Grosvenor Place Sales Market has increased by 35.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -3.6% | £224,880 |
| May 2025 | -0.6% | £233,246 |
| May 2024 | -4.8% | £234,633 |
| May 2023 | -1.3% | £246,476 |
| May 2022 | 15.8% | £249,753 |
| May 2021 | 10.6% | £215,588 |
| May 2020 | 1.4% | £194,856 |
| May 2019 | -0.4% | £192,198 |
| May 2018 | 7.6% | £192,939 |
| May 2017 | 8.3% | £179,252 |
| May 2016 | 12.9% | £165,519 |
| May 2015 | 9.5% | £146,630 |
| May 2014 | 7.6% | £133,960 |
| May 2013 | 1% | £124,505 |
| May 2012 | -0.8% | £123,230 |
| May 2011 | -4.4% | £124,283 |
| May 2010 | 2.9% | £129,940 |
| May 2009 | -15% | £126,267 |
| May 2008 | -1.9% | £148,551 |
| May 2007 | 0% | £151,454 |
The current average rental value in the building is £1,053.
The 8 Grosvenor Place Rental Market has increased by 61.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2% | £1,053pcm |
| May 2025 | 1% | £1,033pcm |
| May 2024 | 4.6% | £1,022pcm |
| May 2023 | 7.2% | £976pcm |
| May 2022 | 15.1% | £911pcm |
| May 2021 | 5.2% | £791pcm |
| May 2020 | 3% | £752pcm |
| May 2019 | 3.8% | £730pcm |
| May 2018 | 3.9% | £703pcm |
| May 2017 | 4% | £677pcm |
| May 2016 | 6.1% | £651pcm |
| May 2015 | 5.9% | £614pcm |
| May 2014 | 3.5% | £580pcm |
| May 2013 | -0.8% | £560pcm |
| May 2012 | 1.6% | £564pcm |
| May 2011 | 1.4% | £556pcm |
| May 2010 | 3.3% | £548pcm |
| May 2009 | -8.7% | £530pcm |
| May 2008 | 3.5% | £581pcm |
| May 2007 | 0% | £561pcm |
The last sale was on 11th July 2016 for £145,000 and since then the market in the area has increased by 29.8%. The building has had a total of 2 sales since 1995.
8, Grosvenor Place, Margate, CT9 1UW has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 8, Grosvenor Place, Margate, CT9 1UW is Margate station which is 600 metres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Grosvenor Place, Margate, CT9 1UW, 78.3% of property is privately rented and 8.8% is privately owned outright.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 8, Grosvenor Place, Margate, CT9 1UW, 17.3% of residents are recorded as possessing school level qualifications and 28.7% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 8, Grosvenor Place, Margate, CT9 1UW, the average age was 37.2 and the most common age was 32.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 8, Grosvenor Place, Margate, CT9 1UW, 0.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 8, Grosvenor Place, Margate, CT9 1UW, there are an average of 0.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.