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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, 40, Grotto Road, Margate is a period freehold house with 290 ft2 of internal area and sits on a 90.1 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 40, Grotto Road, Margate is £124,184 and the estimated rental value is £715 per month.
Grotto Road, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
40, Grotto Road, Margate has a single entry in the Land Registry from June 2023 and a single entry in the EPC database dated April 2023.
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.
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 40, Grotto Road, Margate is in very good condition we estimate a sale value of £130,393 and a rental value of £751 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £115,491 and a rental value of £665 per month.
Over the last 12 months the sale value of 40 Grotto Road Margate has decreased by an estimated £5,758 (4.6%) and its rental value has increased by an estimated £12 per month (1.6%), giving an expected gross yield of 6.9%.
According to data from HM Land Registry, 40, Grotto Road, Margate sits on a plot of 90m2.
We have plot size data on 37 out of 38 other houses in the postcode and 40, Grotto Road, Margate sits on the 9th largest plot.
40, Grotto Road, Margate has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 25 Apr 2023.
The property is not connected to mains gas and has single glazed windows. It is heated using No system present: electric heaters assumed.
According to HM Land Registry, 40, Grotto Road, Margate was last sold on 5th June 2023 for £157,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since June 2023, the market for similar properties has dropped 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 360 metres radius of 40, Grotto Road, Margate over the last 2 years.
The most recent example is 36, Grotto Road, Margate, CT9 2BT, a freehold house which sold for £250,000 on the 26th August 2022.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grotto Road, Margate, CT9 has a total of 42 addresses. According to our analysis of all the public data, 40, Grotto Road, Margate is the 42nd largest and the 40th most expensive property on the street.
When compared to the postcode district it is £142k less expensive than the average property in CT9.
The closest station to 40, Grotto Road, Margate is Margate station which is 1.3 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 40, Grotto Road, Margate, 57.1% of property is privately rented and 15.2% 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 40, Grotto Road, Margate, 19.3% 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 40, Grotto Road, 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 40, Grotto Road, 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 40, Grotto Road, Margate, there are an average of 0.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.
