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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
According to the public record, 29B, Ramsgate Road, Margate is a period leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 29B, Ramsgate Road, Margate is £116,795 and the estimated rental value is £823 per month.
The apartment is within 29, Ramsgate Road, Margate, CT9.
Ramsgate Road, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
29B, Ramsgate Road, Margate has a single entry in the Land Registry from September 2016 and a single entry in the EPC database dated May 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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 29B, Ramsgate Road, Margate is in very good condition we estimate a sale value of £122,635 and a rental value of £864 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £108,620 and a rental value of £765 per month.
Over the last 12 months the sale value of 29B Ramsgate Road Margate has decreased by an estimated £5,327 (4.6%) and its rental value has increased by an estimated £14 per month (1.8%), giving an expected gross yield of 8.5%.
29B, Ramsgate Road, Margate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 May 2016.
The property is connected to mains gas and has some double glazing. It is heated using Electric storage heaters.
According to HM Land Registry, 29B, Ramsgate Road, Margate was last sold on 7th September 2016 for £60,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since September 2016, the market for similar properties has risen 47.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 29B, Ramsgate Road, Margate within a radius of 420 metres over the last 2 years.
The most recent example is Flat 2, 51, Ramsgate Road, Margate, CT9 5RT, a leasehold flat which sold for £85,000 on the 31st March 2022.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ramsgate Road, Margate, CT9 has a total of 495 addresses. According to our analysis of all the public data, 29B, Ramsgate Road, Margate is the 462nd largest and the 465th most expensive property on the street.
When compared to the postcode district it is £149k less expensive than the average property in CT9.
The closest station to 29B, Ramsgate Road, Margate is Margate station which is 1.0 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around 29B, Ramsgate Road, Margate, 41.4% of property is privately rented and 24.2% 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 29B, Ramsgate Road, Margate, 23.2% of residents are recorded as possessing school level qualifications and 30.9% 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 29B, Ramsgate Road, Margate, the average age was 37.2 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 29B, Ramsgate Road, Margate, 1.0% 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 29B, Ramsgate Road, Margate, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.
