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According to the public record, 7, Grotto Gardens, Margate is a period freehold house with 957 ft2 of internal area.
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 7, Grotto Gardens, Margate is £266,687 and the estimated rental value is £1,396 per month.
Grotto Gardens, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
7, Grotto Gardens, Margate has 2 entries in the Land Registry , most recently in December 2017 and a single entry in the EPC database dated November 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 7, Grotto Gardens, Margate is in very good condition we estimate a sale value of £280,021 and a rental value of £1,466 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £248,019 and a rental value of £1,298 per month.
Over the last 12 months the sale value of 7 Grotto Gardens Margate has decreased by an estimated £9,666 (3.6%) and its rental value has increased by an estimated £26 per month (1.8%), giving an expected gross yield of 6.3%.
7, Grotto Gardens, Margate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Nov 2016.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 7, Grotto Gardens, Margate was last sold on 7th December 2017 for £235,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since December 2017, the market for similar properties has risen 35.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Grotto Gardens, Margate within a radius of 360 metres over the last 2 years.
The most recent example is 1, Grotto Gardens, Margate, CT9 2BX, a freehold house which sold for £402,000 on the 4th January 2023.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grotto Gardens, Margate, CT9 has a total of 29 addresses. According to our analysis of all the public data, 7, Grotto Gardens, Margate is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £50 less expensive than the average property in CT9.
The closest station to 7, Grotto Gardens, 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.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Grotto Gardens, Margate, 54.7% of property is privately rented and 25.7% 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 7, Grotto Gardens, Margate, 24.0% of residents are recorded as possessing school level qualifications and 28.3% 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 7, Grotto Gardens, 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 7, Grotto Gardens, 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 7, Grotto Gardens, 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.
