2, New Cross Street
2, New Cross Street
Description & Estimates
Public records show 2, New Cross Street, Margate to be a period freehold house with 1,377 ft2 of internal area, sitting on a 56.8 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
2, New Cross Street, Margate has an estimated sale value of £412,179 and an estimated rental value of £1,621 per month, assuming reasonable condition and based on the information available.
New Cross Street, Margate, CT9 lies in the borough of Thanet, within the CT9 postal district.
Our Data Sources
2, New Cross Street, Margate has 21 entries in the Land Registry , most recently in August 2014 and a single entry in the EPC database dated March 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 2, New Cross Street, Margate would be worth £432,788, with a potential rental value of £1,702 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £383,327, with a rental value of £1,508 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 2, New Cross Street, Margate has declined by £15,709 (3.8%) over the last year. During the same period, its estimated monthly rental value has climbed by £25 (1.5%). The property's estimated gross yield is currently 4.7%.
Plot Size
2, New Cross Street, Margate occupies a 57 m2 plot as recorded by HM Land Registry.
Of the 12 other houses in this postcode, 10 have recorded plot sizes, and this one ranks as the 9th largest.
Energy Efficiency
2, New Cross Street, Margate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Mar 2014.
The property is not connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
2, New Cross Street, Margate last changed hands on 14th August 2014, selling for £190,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 66.0% since August 2014.
- Sold Aug 2014£190,000
- Sold Jul 2000£54,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 400 metres of 2, New Cross Street, Margate across the last 2 years.
Most recently, 4, New Cross Street, Margate, CT9 1EH, a freehold house, sold at £350,000 on the 13th December 2024.
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
Our analysis of the public data ranks 2, New Cross Street, Margate as the 2nd largest and the 2nd most expensive of the 31 addresses on New Cross Street, Margate, CT9.
Against the CT9 postcode district average, it is £145k more expensive than the typical property.
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Schools Nearby
- 400mMargate, Holy Trinity and St John's Church of England Primary School
- 1.1kmSalmestone Primary School
- 1.3kmDrapers Mills Primary Academy
- 1.3kmHartsdown Academy
- 4.0kmUrsuline College
- 4.0kmDane Court Grammar School
More reading links
Public Transport Nearby
Margate station is the nearest stop to 2, New Cross Street, Margate at 800 metres away.
- 800mMargate
- 3.1kmWestgate-on-Sea
- 4.8kmBroadstairs
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
