48, Grosvenor Place
48, Grosvenor Place
Description & Estimates
The public record lists 48, Grosvenor Place, Margate as a freehold house sitting on a 120 m2 plot.
Comparison with its neighbours suggests a period house with 376 ft2 of internal area and a garden.
In this area, houses of this size normally have 2 bedrooms.
48, Grosvenor Place, Margate has an estimated sale value of £173,263 and an estimated rental value of £891 per month, assuming reasonable condition and based on the information available.
Grosvenor Place, Margate, CT9 lies in the borough of Thanet, within the CT9 postal district.
Our Data Sources
48, Grosvenor Place, Margate has 21 entries in the Land Registry , most recently in July 2016 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 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 48, Grosvenor Place, Margate would be worth £181,926, with a potential rental value of £936 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £161,134, with a rental value of £829 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 48, Grosvenor Place, Margate has decreased by £6,480 (3.7%) over the last year. During the same period, its estimated monthly rental value has grown by £16 (1.8%). The property's estimated gross yield is currently 6.2%.
Plot Size
48, Grosvenor Place, Margate occupies a 120 m2 plot as recorded by HM Land Registry.
Of the 11 other houses in this postcode, 9 have recorded plot sizes, and this one ranks as the 5th largest.
Sold Prices
48, Grosvenor Place, Margate last changed hands on 5th July 2016, selling for £120,000. 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 60.9% since July 2016.
- Sold Jul 2016£120,000
- Sold Aug 2000£63,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 430 metres of 48, Grosvenor Place, Margate across the last 2 years.
Most recently, 25, Addington Road, Margate, CT9 1NH, a freehold house, sold at £145,000 on the 31st March 2022.
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 48, Grosvenor Place, Margate as the 191st largest and the 143rd most expensive of the 198 addresses on Grosvenor Place, Margate, CT9.
Against the CT9 postcode district average, it is £93k less expensive than the typical property.
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Schools Nearby
- 300mMargate, Holy Trinity and St John's Church of England Primary School
- 900mSalmestone Primary School
- 1.2kmSt Gregory's Catholic Primary School, Margate
- 1.1kmHartsdown Academy
- 3.8kmUrsuline College
- 3.9kmDane Court Grammar School
More reading links
Public Transport Nearby
Margate station is the nearest stop to 48, Grosvenor Place, Margate at 600 metres away.
- 600mMargate
- 3.0kmWestgate-on-Sea
- 4.6kmBroadstairs
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.
