2B, Grosvenor Place
2B, Grosvenor Place
Description & Estimates
According to the public record, 2B, Grosvenor Place, Margate is a period apartment with 430 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for 2B, Grosvenor Place, Margate is £241,725 and the estimated rental value is £1,108 per month.
The apartment is within 2, Grosvenor Place, Margate, CT9.
Grosvenor Place, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
Our Data Sources
2B, Grosvenor Place, Margate has no records in the the Land Registry and a single entry in the EPC database dated March 2022.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
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 2B, Grosvenor Place, Margate is in very good condition we estimate a sale value of £253,811 and a rental value of £1,163 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £224,804 and a rental value of £1,030 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 2B, Grosvenor Place, Margate has moved down by £7,205 (3.0%), while its estimated rental value has increased by £29 per month (2.6%). Based on current estimates, the property offers a gross rental yield of 5.5%.
Energy Efficiency
2B, Grosvenor Place, Margate has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Mar 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2B, Grosvenor Place, Margate within a radius of 420 metres over the last 2 years.
The most recent example is Flat 1, 16, Grosvenor Place, Margate, CT9 1UW, a leasehold flat which sold for £330,000 on the 19th May 2017.
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
Grosvenor Place, Margate, CT9 has a total of 198 addresses. According to our analysis of all the public data, 2B, Grosvenor Place, Margate is the 170th largest and the 72nd most expensive property on the street.
When compared to the postcode district it is £25k less expensive than the average property in CT9.
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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
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Public Transport Nearby
The closest station to 2B, Grosvenor Place, Margate is Margate station, which is 600 metres away.
- 600mMargate
- 3.0kmWestgate-on-Sea
- 4.6kmBroadstairs
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
