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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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According to the public record, 2, Reeves Yard, Margate is a modern freehold house with 731 ft2 of internal area and sits on a 53.9 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Reeves Yard, Margate is £247,358 and the estimated rental value is £1,255 per month.
Reeves Yard, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
2, Reeves Yard, Margate has a single entry in the Land Registry from February 2015 and a single entry in the EPC database dated September 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, Reeves Yard, Margate is in very good condition we estimate a sale value of £259,726 and a rental value of £1,318 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £230,043 and a rental value of £1,167 per month.
Over the last 12 months the sale value of 2 Reeves Yard Margate has decreased by an estimated £11,059 (4.5%) and its rental value has increased by an estimated £23 per month (1.8%), giving an expected gross yield of 6.1%.
According to data from HM Land Registry, 2, Reeves Yard, Margate sits on a plot of 54m2.
We have plot size data on 9 out of 9 other houses in the postcode and 2, Reeves Yard, Margate sits on the 6th largest plot.
2, Reeves Yard, Margate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Sep 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, 2, Reeves Yard, Margate was last sold on 4th February 2015 for £139,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since February 2015, the market for similar properties has risen 49.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Reeves Yard, Margate within a radius of 350 metres over the last 2 years.
The most recent example is 16, Clifton Street, Margate, CT9 1SP, a freehold house which sold for £200,000 on the 14th September 2023.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Reeves Yard, Margate, CT9 has a total of 9 addresses. According to our analysis of all the public data, 2, Reeves Yard, Margate is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £19k less expensive than the average property in CT9.
The closest station to 2, Reeves Yard, Margate is Margate station which is 900 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 2, Reeves Yard, Margate, 64.2% of property is privately rented and 21.2% 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 2, Reeves Yard, Margate, 12.9% of residents are recorded as possessing school level qualifications and 33.3% 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, Reeves Yard, 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, Reeves Yard, Margate, 0.4% 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, Reeves Yard, Margate, there are an average of 0.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.
