17, Virgo Lane
17, Virgo Lane
Description & Estimates
17, Virgo Lane, Margate is described in the public record as a modern house with 742 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 17, Virgo Lane, Margate is £273,698 and its rental estimate is £1,339 per month, given the available information and assuming reasonable condition.
Virgo Lane, Margate, CT9 falls within the CT9 postal district, in the borough of Thanet.
Our Data Sources
17, Virgo Lane, Margate has no records in the the Land Registry and a single entry in the EPC database dated April 2024.
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.
Price Range & Condition
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 17, Virgo Lane, Margate, we estimate a market value of £287,383 and a rental value of £1,406 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £254,539 and £1,245 per month respectively.
Recent Market Change
Over the last year, 17, Virgo Lane, Margate has seen its estimated sale value move down by £9,921 (3.6%) and its estimated rental value increase by £25 per month (1.8%). This results in an estimated gross rental yield of 5.9%.
Energy Efficiency
17, Virgo Lane, Margate has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 Apr 2024.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 17, Virgo Lane, 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.
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Location Comparison
Of the 30 addresses on Virgo Lane, Margate, CT9, 17, Virgo Lane, Margate comes out as the 22nd largest and the 19th most expensive in our analysis of the public data.
It is also £7k more expensive than the average property across the CT9 district.
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Schools Nearby
- 1.4kmSt Gregory's Catholic Primary School, Margate
- 1.6kmSalmestone Primary School
- 1.8kmDrapers Mills Primary Academy
- 2.0kmHartsdown Academy
- 2.4kmDane Court Grammar School
- 2.5kmThe Royal Harbour Academy
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Public Transport Nearby
From 17, Virgo Lane, Margate, the nearest station is Margate, 2.5 kilometres away.
- 2.5kmMargate
- 3.0kmRamsgate
- 3.4kmBroadstairs
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
