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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
According to the public record, 2, Lower Northdown Avenue, Margate is a period freehold house with 3,735 ft2 of internal area and sits on a 929 m2 plot.
Houses of this size in this area normally have 6 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Lower Northdown Avenue, Margate is £671,967 and the estimated rental value is £2,870 per month.
Lower Northdown Avenue, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
2, Lower Northdown Avenue, Margate has 31 entries in the Land Registry , most recently in May 2023 and a single entry in the EPC database dated February 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 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 2, Lower Northdown Avenue, Margate is in very good condition we estimate a sale value of £705,565 and a rental value of £3,014 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £624,929 and a rental value of £2,669 per month.
Over the last 12 months the sale value of 2 Lower Northdown Avenue Margate has decreased by an estimated £38,309 (5.7%) and its rental value has increased by an estimated £42 per month (1.5%), giving an expected gross yield of 5.1%.
According to data from HM Land Registry, 2, Lower Northdown Avenue, Margate sits on a plot of 929m2.
We have plot size data on 3 out of 4 other houses in the postcode and 2, Lower Northdown Avenue, Margate sits on the largest plot.
2, Lower Northdown Avenue, Margate has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 09 Feb 2023.
The property is connected to mains gas and has some double glazing. It is heated using Boiler and radiators, mains gas, Boiler and radiators, mains gas.
According to HM Land Registry, 2, Lower Northdown Avenue, Margate was last sold on 19th May 2023 for £737,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since May 2023, the market for similar properties has dropped 10.6%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 2, Lower Northdown Avenue, Margate within a radius of 430 metres over the last 2 years.
The most recent example is 41, Northdown Park Road, Margate, CT9 2NH, a freehold house which sold for £680,000 on the 7th December 2020.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lower Northdown Avenue, Margate, CT9 has a total of 58 addresses. According to our analysis of all the public data, 2, Lower Northdown Avenue, Margate is the largest and the most expensive property on the street.
When compared to the postcode district it is £406k more expensive than the average property in CT9.
The closest station to 2, Lower Northdown Avenue, Margate is Margate station which is 2.0 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Lower Northdown Avenue, Margate, 36.0% of property is privately rented and 27.2% 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 2, Lower Northdown Avenue, Margate, 15.9% of residents are recorded as possessing school level qualifications and 28.3% 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 2, Lower Northdown Avenue, 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 2, Lower Northdown 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 2, Lower Northdown Avenue, Margate, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.
