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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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1, Vela Avenue, Margate is described in the public record as a modern house with 764 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 1, Vela Avenue, Margate is £276,699 and its rental estimate is £1,348 per month, given the available information and assuming reasonable condition.
Vela Avenue, Margate, CT9 falls within the CT9 postal district, in the borough of Thanet.
1, Vela Avenue, Margate has no records in the the Land Registry and a single entry in the EPC database dated July 2023.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Vela Avenue, Margate, we estimate a market value of £290,534 and a rental value of £1,415 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £257,330 and £1,253 per month respectively.
Over the last year, 1, Vela Avenue, Margate has seen its estimated sale value fall by £10,029 (3.6%) and its estimated rental value move up by £25 per month (1.8%). This results in an estimated gross rental yield of 5.8%.
1, Vela Avenue, Margate has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 19 Jul 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Over the past 2 years 3 properties similar to 1, Vela Avenue, Margate have sold within a radius of 1.3 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th July 2024, was 8, Luna Road, Margate, CT9 4NR, a freehold house which sold for £243,390.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 9 addresses on Vela Avenue, Margate, CT9, 1, Vela Avenue, Margate comes out as the 5th largest and the 8th most expensive in our analysis of the public data.
It is also £10k more expensive than the average property across the CT9 district.
From 1, Vela Avenue, Margate, the nearest station is Margate, 2.6 kilometres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Vela Avenue, Margate, % of property is and % is .
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 1, Vela Avenue, Margate, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 1, Vela Avenue, Margate, 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 1, Vela Avenue, Margate, there are an average of 0.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.
