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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, 388, Northdown Road, Margate is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,354 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 388, Northdown Road, Margate is £499,187 and the estimated rental value is £1,780 per month.
Northdown Road, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
388, Northdown Road, Margate has a single entry in the Land Registry from February 2022 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 388, Northdown Road, Margate is in very good condition we estimate a sale value of £524,146 and a rental value of £1,869 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £464,244 and a rental value of £1,656 per month.
Over the last 12 months the sale value of 388 Northdown Road Margate has decreased by an estimated £22,628 (4.5%) and its rental value has increased by an estimated £32 per month (1.8%), giving an expected gross yield of 4.3%.
According to HM Land Registry, 388, Northdown Road, Margate was last sold on 11th February 2022 for £437,600 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since February 2022, the market for similar properties has dropped 23.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 388, Northdown Road, Margate within a radius of 590 metres over the last 2 years.
The most recent example is 390, Northdown Road, Margate, CT9 3PG, a freehold house which sold for £445,000 on the 23rd May 2022.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Northdown Road, Margate, CT9 has a total of 392 addresses. According to our analysis of all the public data, 388, Northdown Road, Margate is the 48th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £233k more expensive than the average property in CT9.
The closest station to 388, Northdown Road, Margate is Margate station which is 2.7 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around 388, Northdown Road, Margate, 56.3% of property is privately owned outright and 33.6% 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 388, Northdown Road, Margate, 16.2% of residents are recorded as possessing school level qualifications and 27.3% 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 388, Northdown Road, Margate, the average age was 49.7 and the most common age was 72.
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 388, Northdown Road, Margate, 0.7% 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 388, Northdown Road, Margate, there are an average of 1.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.
