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Park Lane is a residential street with 3 addresses.
It ranks as the 59th largest and 156th most expensive of the 696 streets in the CT9 area. The dominant property type is a period house built between 1800 and 1911.
The street contains a total of 3 properties: 3 houses.
Park Lane is a residential street with 3 addresses.
It ranks as the 59th largest and 156th most expensive of the 696 streets in the CT9 area. The dominant property type is a period house built between 1800 and 1911.
The street contains a total of 3 properties: 3 houses.
Sale prices range from £185,410 for 3 bedroom freehold houses with a garden (667 ft2) to £266,182 for 3 bedroom freehold houses with a garden (936 ft2) .
Monthly rental prices range from £1,088 pcm for 3 bed houses to £1,342 pcm for 3 bed houses.
The gross rental yield is between 6.0% and 7.0%.
The average value per square foot is £278.
The last sale on Park Lane sold for £250,000 on 6th January 2023. Since then prices are up an average of 8.2%.
The current average value in the street is £213,344.
The Park Lane Sales Market has increased by 42.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -3.7% | £213,344 |
| May 2025 | 0.2% | £221,534 |
| May 2024 | -5.5% | £221,068 |
| May 2023 | -1.2% | £233,885 |
| May 2022 | 17.4% | £236,637 |
| May 2021 | 12.1% | £201,567 |
| May 2020 | 1% | £179,877 |
| May 2019 | -0.5% | £178,179 |
| May 2018 | 8.9% | £179,092 |
| May 2017 | 9.9% | £164,479 |
| May 2016 | 13.5% | £149,715 |
| May 2015 | 10.4% | £131,869 |
| May 2014 | 8% | £119,472 |
| May 2013 | 1.8% | £110,657 |
| May 2012 | 0% | £108,661 |
| May 2011 | -4.1% | £108,654 |
| May 2010 | 4.9% | £113,339 |
| May 2009 | -14.9% | £108,080 |
| May 2008 | -1.8% | £126,931 |
| May 2007 | 0% | £129,300 |
The current average rental value in the street is £1,178.
The Park Lane Rental Market has increased by 69.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 1.8% | £1,178pcm |
| May 2025 | 1.9% | £1,157pcm |
| May 2024 | 3.9% | £1,136pcm |
| May 2023 | 7.4% | £1,094pcm |
| May 2022 | 16.7% | £1,018pcm |
| May 2021 | 6.5% | £873pcm |
| May 2020 | 2.6% | £819pcm |
| May 2019 | 3.7% | £798pcm |
| May 2018 | 5.1% | £770pcm |
| May 2017 | 5.5% | £733pcm |
| May 2016 | 6.7% | £695pcm |
| May 2015 | 6.8% | £651pcm |
| May 2014 | 3.9% | £610pcm |
| May 2013 | 0% | £587pcm |
| May 2012 | 2.4% | £587pcm |
| May 2011 | 1.7% | £573pcm |
| May 2010 | 5.2% | £564pcm |
| May 2009 | -8.5% | £536pcm |
| May 2008 | 3.6% | £586pcm |
| May 2007 | 0% | £566pcm |
The last sale was on 6th January 2023 for £250,000 and since then the market in the area has increased by 8.2%. The street has had a total of 5 sales since 1995.
Park Lane, Margate, CT9 has seen 1 sale in the last three years and no sales in the last twelve months.
Park Lane, Margate, CT9 is the 59th largest and the 156th most expensive street in the CT9 area.
There are 2 postcodes on Park Lane, Margate, CT9.
The closest station to Park Lane, Margate, CT9 is Margate station which is 1.3 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around Park Lane, Margate, CT9, 47.3% of property is privately rented and 27.1% is privately owned with a mortgage.
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 Park Lane, Margate, CT9, 23.5% of residents are recorded as possessing school level qualifications and 27.2% 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 Park Lane, Margate, CT9, the average age was 39.2 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 Park Lane, Margate, CT9, 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 Park Lane, Margate, CT9, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.