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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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Flat 1, 37, Eastern Esplanade, Margate is described in the public record as an early-century apartment with 667 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 1, 37, Eastern Esplanade, Margate is £212,147 and its rental estimate is £906 per month, given the available information and assuming reasonable condition.
37, Eastern Esplanade is a residential building on Eastern Esplanade, Cliftonville, Margate, CT9 and falls within the CT9 postal district and the borough of Thanet.
Flat 1, 37, Eastern Esplanade, Margate has no records in the the Land Registry and a single entry in the EPC database dated February 2018.
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 Flat 1, 37, Eastern Esplanade, Margate, we estimate a market value of £222,754 and a rental value of £951 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £197,296 and £842 per month respectively.
Over the last year, Flat 1, 37, Eastern Esplanade, Margate has seen its estimated sale value drop by £8,590 (4.0%) and its estimated rental value rise by £17 per month (1.9%). This results in an estimated gross rental yield of 5.1%.
Flat 1, 37, Eastern Esplanade, Margate has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Feb 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Over the past 2 years 3 properties similar to Flat 1, 37, Eastern Esplanade, Margate have sold within a radius of 350 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 13th August 2021, was Apartment 17, Endcliffe Apartments, First Avenue, Margate, CT9 2PY, a leasehold flat which sold for £178,000.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 237 addresses on Eastern Esplanade, Cliftonville, Margate, CT9, Flat 1, 37, Eastern Esplanade, Margate comes out as the 127th largest and the 55th most expensive in our analysis of the public data.
It is also £55k less expensive than the average property across the CT9 district.
From Flat 1, 37, Eastern Esplanade, Margate, the nearest station is Margate, 1.9 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 Flat 1, 37, Eastern Esplanade, Margate, 42.2% of property is socially rented and 28.0% is privately rented.
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 Flat 1, 37, Eastern Esplanade, Margate, 17.1% of residents are recorded as possessing school level qualifications and 20.1% 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 Flat 1, 37, Eastern Esplanade, Margate, the average age was 37.6 and the most common age was 2.
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 Flat 1, 37, Eastern Esplanade, Margate, 0.9% 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 Flat 1, 37, Eastern Esplanade, Margate, there are an average of 0.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.
