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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
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8, Wellington Gardens, Margate is described in the public record as a modern house with 462 ft2 of internal area.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 8, Wellington Gardens, Margate is £184,024 and its rental estimate is £1,000 per month, given the available information and assuming reasonable condition.
Wellington Gardens, Margate, CT9 falls within the CT9 postal district, in the borough of Thanet.
8, Wellington Gardens, Margate has no records in the the Land Registry and a single entry in the EPC database dated November 2021.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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, Wellington Gardens, Margate, we estimate a market value of £193,225 and a rental value of £1,050 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £171,142 and £930 per month respectively.
Over the last year, 8, Wellington Gardens, Margate has seen its estimated sale value drop by £6,883 (3.7%) and its estimated rental value rise by £18 per month (1.8%). This results in an estimated gross rental yield of 6.5%.
8, Wellington Gardens, Margate has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Nov 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using No system present: electric heaters assumed.
Over the past 2 years 1 property similar to 8, Wellington Gardens, Margate has sold within a radius of 300 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 7th February 2017, was 15, Sandhurst Place, Margate, CT9 1EF, a freehold house which sold for £114,000.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 5 addresses on Wellington Gardens, Margate, CT9, 8, Wellington Gardens, Margate comes out as the 4th largest and the 4th most expensive in our analysis of the public data.
It is also £83k less expensive than the average property across the CT9 district.
From 8, Wellington Gardens, Margate, the nearest station is Margate, 1.2 kilometres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Wellington Gardens, Margate, 54.5% of property is privately rented and 21.2% 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 8, Wellington Gardens, Margate, 20.8% of residents are recorded as possessing school level qualifications and 29.6% 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 8, Wellington 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 8, Wellington Gardens, Margate, 1.4% 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 8, Wellington Gardens, Margate, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.
