Basement Flat 1, 16
Basement Flat 1, 16
Description & Estimates
Basement Flat 1, 16, Fort Crescent, Margate is described in the public record as a period apartment with 645 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of Basement Flat 1, 16, Fort Crescent, Margate is £178,457 and its rental estimate is £912 per month, given the available information and assuming reasonable condition.
16, Fort Crescent is a residential building on Fort Crescent, Margate, CT9 and falls within the CT9 postal district and the borough of Thanet.
Our Data Sources
Basement Flat 1, 16, Fort Crescent, Margate has no recent1 records in the the Land Registry and a single entry in the EPC database dated October 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.
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 Basement Flat 1, 16, Fort Crescent, Margate, we estimate a market value of £187,379 and a rental value of £957 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £165,965 and £848 per month respectively.
Recent Market Change
Over the last year, Basement Flat 1, 16, Fort Crescent, Margate has seen its estimated sale value fall by £7,186 (4.0%) and its estimated rental value move up by £14 per month (1.5%). This results in an estimated gross rental yield of 6.1%.
Energy Efficiency
Basement Flat 1, 16, Fort Crescent, Margate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 Oct 2021.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Basement Flat 1, 16, Fort Crescent, Margate completed on 19th December 2003 at £190,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
- Sold Dec 2003£190,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Basement Flat 1, 16, Fort Crescent, Margate have sold within a radius of 390 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 2nd February 2024, was 45A, Trinity Square, Margate, CT9 1HT, a leasehold flat which sold for £205,000.
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 118 addresses on Fort Crescent, Margate, CT9, Basement Flat 1, 16, Fort Crescent, Margate comes out as the 48th largest and the 64th most expensive in our analysis of the public data.
It is also £88k less expensive than the average property across the CT9 district.
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Schools Nearby
- 700mMargate, Holy Trinity and St John's Church of England Primary School
- 1.4kmDrapers Mills Primary Academy
- 1.5kmSalmestone Primary School
- 1.8kmHartsdown Academy
- 4.1kmDane Court Grammar School
- 4.2kmThe Charles Dickens School
More reading links
Public Transport Nearby
From Basement Flat 1, 16, Fort Crescent, Margate, the nearest station is Margate, 1.2 kilometres away.
- 1.2kmMargate
- 3.5kmWestgate-on-Sea
- 4.7kmBroadstairs
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.
