8, Grosvenor Place
8, Grosvenor Place
Description & Estimates
8, Grosvenor Place, Margate appears in the public record as a freehold house sitting on a 103 m2 plot.
By comparing it to nearby properties, we estimate it to be a modern house with 376 ft2 of internal area and a garden.
Locally, houses of this size normally have 2 bedrooms.
Our estimate of the sale value of 8, Grosvenor Place, Margate is £176,970 and its rental estimate is £911 per month, given the available information and assuming reasonable condition.
Grosvenor Place, Margate, CT9 falls within the CT9 postal district, in the borough of Thanet.
Our Data Sources
8, 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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 8, Grosvenor Place, Margate, we estimate a market value of £185,819 and a rental value of £956 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £164,582 and £847 per month respectively.
Recent Market Change
Over the last year, 8, Grosvenor Place, Margate has seen its estimated sale value decline by £6,619 (3.7%) and its estimated rental value climb by £17 per month (1.8%). This results in an estimated gross rental yield of 6.2%.
Plot Size
HM Land Registry records the plot of land for 8, Grosvenor Place, Margate as measuring 103 m2.
That makes it the 8th largest plot in the postcode, where 9 of the 11 other houses have recorded plot data.
Sold Prices
The most recent sale of 8, Grosvenor Place, Margate completed on 11th July 2016 at £145,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 60.9% over the period since July 2016.
- Sold Jul 2016£145,000
- Sold Nov 2001£97,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Grosvenor Place, Margate have sold within a radius of 420 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 16th December 2019, was 24, Marine Gardens, Margate, CT9 1UH, a freehold house which sold for £350,000.
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
Of the 198 addresses on Grosvenor Place, Margate, CT9, 8, Grosvenor Place, Margate comes out as the 190th largest and the 136th most expensive in our analysis of the public data.
It is also £90k less expensive than the average property across the CT9 district.
More reading links
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
From 8, Grosvenor Place, Margate, the nearest station is Margate, 600 metres away.
- 600mMargate
- 3.0kmWestgate-on-Sea
- 4.6kmBroadstairs
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
