Flat 10, 2
Flat 10, 2
Description & Estimates
Flat 10, 2, Second Avenue, Margate is recorded publicly as a period leasehold apartment across 839 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 10, 2, Second Avenue, Margate is £194,300 and its rental estimate is £951 per month, given the available information and assuming reasonable condition.
2, Second Avenue is a residential building on Second Avenue, Cliftonville, Margate, CT9 and falls within the CT9 postal district and the borough of Thanet.
Our Data Sources
Flat 10, 2, Second Avenue, Margate has 21 entries in the Land Registry , most recently in January 2019 and a single entry in the EPC database dated November 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 Flat 10, 2, Second Avenue, Margate, we estimate a market value of £204,015 and a rental value of £998 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £180,699 and £884 per month respectively.
Recent Market Change
Over the last year, Flat 10, 2, Second Avenue, Margate has seen its estimated sale value move down by £7,867 (4.0%) and its estimated rental value increase by £18 per month (1.9%). This results in an estimated gross rental yield of 5.9%.
Energy Efficiency
Flat 10, 2, Second Avenue, Margate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Nov 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of Flat 10, 2, Second Avenue, Margate completed on 31st January 2019 at £160,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 31.2% over the period since January 2019.
- Sold Jan 2019£160,000
- Sold Jul 2001£54,950
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 10, 2, Second Avenue, Margate have sold within a radius of 420 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 8th November 2024, was Flat 6, 2, Second Avenue, Margate, CT9 2LL, a leasehold flat which sold for £352,000.
Read more about house prices in CT9.
- Sold Nov 2024£352,000 | 3 Bed Flat2, Second AvenueFlat 6, 2, Second Avenue, Margate, CT9 2LL
- Sold Nov 2023£195,000 | 2 Bed FlatQueens Lodge, Third AvenueFlat 25, Queens Lodge, Third Avenue, Margate, CT9 2LN
- Sold Dec 2016£150,000 | 3 Bed Flat2, Second AvenueFlat 8, 2, Second Avenue, Margate, CT9 2LL
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 30 addresses on Second Avenue, Cliftonville, Margate, CT9, Flat 10, 2, Second Avenue, Margate comes out as the 14th largest and the 14th most expensive in our analysis of the public data.
It is also £72k less expensive than the average property across the CT9 district.
More reading links
Schools Nearby
- 800mCliftonville Primary School
- 1.2kmMargate, Holy Trinity and St John's Church of England Primary School
- 1.4kmPalm Bay Primary School
- 2.5kmHartsdown Academy
- 3.6kmDane Court Grammar School
- 3.7kmThe Charles Dickens School
More reading links
Public Transport Nearby
From Flat 10, 2, Second Avenue, Margate, the nearest station is Margate, 2.0 kilometres away.
- 2.0kmMargate
- 4.1kmBroadstairs
- 4.4kmWestgate-on-Sea
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.
