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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, 29, Cedar Close, Margate is a mid-century freehold house with 1,216 ft2 of internal area and sits on a 421 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 29, Cedar Close, Margate is £161,679 and the estimated rental value is £863 per month.
Cedar Close, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
29, Cedar Close, Margate has 31 entries in the Land Registry , most recently in June 2023 and a single entry in the EPC database dated March 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 29, Cedar Close, Margate is in very good condition we estimate a sale value of £169,763 and a rental value of £907 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £150,361 and a rental value of £803 per month.
Over the last 12 months the sale value of 29 Cedar Close Margate has decreased by an estimated £7,329 (4.5%) and its rental value has increased by an estimated £15 per month (1.8%), giving an expected gross yield of 6.4%.
According to data from HM Land Registry, 29, Cedar Close, Margate sits on a plot of 421m2.
We have plot size data on 32 out of 32 other houses in the postcode and 29, Cedar Close, Margate sits on the 2nd largest plot.
29, Cedar Close, Margate has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 30 Mar 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 29, Cedar Close, Margate was last sold on 2nd June 2023 for £170,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since June 2023, the market for similar properties has dropped 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 450 metres radius of 29, Cedar Close, Margate over the last 2 years.
The most recent example is 32, Cedar Close, Margate, CT9 2TT, a freehold house which sold for £200,000 on the 19th March 2021.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cedar Close, Margate, CT9 has a total of 60 addresses. According to our analysis of all the public data, 29, Cedar Close, Margate is the largest and the 59th most expensive property on the street.
When compared to the postcode district it is £104k less expensive than the average property in CT9.
The closest station to 29, Cedar Close, Margate is Margate station which is 2.2 kilometres 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 29, Cedar Close, Margate, 43.6% of property is privately owned with a mortgage and 31.6% is privately owned outright.
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 29, Cedar Close, Margate, 24.2% of residents are recorded as possessing school level qualifications and 27.9% 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 29, Cedar Close, Margate, the average age was 39.2 and the most common age was 32.
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 29, Cedar Close, 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 29, Cedar Close, Margate, there are an average of 1.2 cars per household.
See below for how this compares to South East and the rest of England & Wales.
