Stay up to date
Stay up to date
Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
  | Â
VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
Be the first Estate
Agent here!
According to the public record, 16, Marine Drive, Margate is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,694 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 16, Marine Drive, Margate is £486,166 and the estimated rental value is £1,944 per month.
Marine Drive, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
16, Marine Drive, Margate has 21 entries in the Land Registry , most recently in October 2011 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 16, Marine Drive, Margate is in very good condition we estimate a sale value of £510,474 and a rental value of £2,041 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £452,135 and a rental value of £1,808 per month.
Over the last 12 months the sale value of 16 Marine Drive Margate has decreased by an estimated £23,615 (4.9%) and its rental value has increased by an estimated £22 per month (1.1%), giving an expected gross yield of 4.8%.
According to HM Land Registry, 16, Marine Drive, Margate was last sold on 17th October 2011 for £245,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since October 2011, the market for similar properties has risen 79.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Marine Drive, Margate within a radius of 470 metres over the last 2 years.
The most recent example is 46A-48, High Street, Margate, CT9 1DS, a freehold house which sold for £1,740,000 on the 16th August 2024.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Marine Drive, Margate, CT9 has a total of 21 addresses. According to our analysis of all the public data, 16, Marine Drive, Margate is the 3rd largest and the 4th most expensive property on the street.
When compared to the postcode district it is £219k more expensive than the average property in CT9.
The closest station to 16, Marine Drive, Margate is Margate station which is 700 metres away.
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 16, Marine Drive, Margate, 67.3% of property is privately rented and 23.4% is socially rented.
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 16, Marine Drive, Margate, 21.5% of residents are recorded as possessing school level qualifications and 30.0% 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 16, Marine Drive, Margate, the average age was 37.6 and the most common age was 2.
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 16, Marine Drive, 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 16, Marine Drive, Margate, there are an average of 0.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.
