Basement Flat 1, 20
Basement Flat 1, 20
Description & Estimates
According to the public record, Basement Flat 1, 20, Fort Crescent, Margate is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 571 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Basement Flat 1, 20, Fort Crescent, Margate is £217,594 and the estimated rental value is £969 per month.
The apartment is within 20, Fort Crescent, Margate, CT9.
Fort Crescent, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
Our Data Sources
Basement Flat 1, 20, Fort Crescent, Margate has 41 entries in the Land Registry , most recently in March 2019 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 3 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 Basement Flat 1, 20, Fort Crescent, Margate is in very good condition we estimate a sale value of £228,474 and a rental value of £1,017 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £202,363 and a rental value of £901 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Basement Flat 1, 20, Fort Crescent, Margate has moved down by £8,762 (4.0%), while its estimated rental value has increased by £15 per month (1.5%). Based on current estimates, the property offers a gross rental yield of 5.3%.
Sold Prices
According to HM Land Registry, Basement Flat 1, 20, Fort Crescent, Margate was last sold on 15th March 2019 for £145,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since March 2019, the market for similar properties has risen by 10.0%.
- Sold Mar 2019£145,000
- Sold Jan 2001£60,000
- Sold Jun 1997£40,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Basement Flat 1, 20, Fort Crescent, Margate within a radius of 380 metres over the last 2 years.
The most recent example is Flat 19, Temeraire Court, Fort Crescent, Margate, CT9 1HB, a leasehold flat which sold for £294,000 on the 29th November 2024.
Read more about house prices in CT9.
- Sold Nov 2024£294,000 | 2 Bed FlatTemeraire Court, Fort CrescentFlat 19, Temeraire Court, Fort Crescent, Margate, CT9 1HB
- Sold Mar 2023£224,600 | 2 Bed Flat20, Fort CrescentFlat 5, 20, Fort Crescent, Margate, CT9 1HX
- Sold Dec 2022£217,500 | 2 Bed FlatParagon Court16, Paragon Court, Margate, CT9 1JB
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Fort Crescent, Margate, CT9 has a total of 118 addresses. According to our analysis of all the public data, Basement Flat 1, 20, Fort Crescent, Margate is the 72nd largest and the 39th most expensive property on the street.
When compared to the postcode district it is £49k less expensive than the average property in CT9.
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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
The closest station to Basement Flat 1, 20, Fort Crescent, Margate is Margate station, which is 1.2 kilometres away.
- 1.2kmMargate
- 3.5kmWestgate-on-Sea
- 4.7kmBroadstairs
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.
