Flat 11, 38
Flat 11, 38
Description & Estimates
Public records show Flat 11, 38, Canterbury Road, Margate to be a modern leasehold apartment with 645 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 11, 38, Canterbury Road, Margate has an estimated sale value of £218,202 and an estimated rental value of £941 per month, assuming reasonable condition and based on the information available.
The apartment sits within 38, Canterbury Road, Margate, CT9.
Canterbury Road, Margate, CT9 lies in the borough of Thanet, within the CT9 postal district.
Our Data Sources
Flat 11, 38, Canterbury Road, Margate has a single entry in the Land Registry from January 2018 and a single entry in the EPC database dated February 2017.
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.
Price Range & Condition
In very good condition, we estimate Flat 11, 38, Canterbury Road, Margate would be worth £229,112, with a potential rental value of £988 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £202,928, with a rental value of £875 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 11, 38, Canterbury Road, Margate has dropped by £8,835 (4.0%) over the last year. During the same period, its estimated monthly rental value has risen by £18 (1.9%). The property's estimated gross yield is currently 5.2%.
Energy Efficiency
Flat 11, 38, Canterbury Road, Margate has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 09 Feb 2017.
The property is not connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 11, 38, Canterbury Road, Margate last changed hands on 12th January 2018, selling for £175,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 13.4% since January 2018.
- Sold Jan 2018£175,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 640 metres of Flat 11, 38, Canterbury Road, Margate across the last 2 years.
Most recently, Flat 20, Alexandra Court, The Royal Seabathing, Margate, CT9 5NT, a leasehold flat, sold at £235,000 on the 11th August 2023.
Read more about house prices in CT9.
- Sold Aug 2023£235,000 | 2 Bed FlatAlexandra Court, The Royal SeabathingFlat 20, Alexandra Court, The Royal Seabathing, Margate, CT9 5NT
- Sold Jun 2021£195,000 | 2 Bed Flat44, Canterbury RoadFlat 11, 44, Canterbury Road, Margate, CT9 5BG
- Sold Feb 2021£175,000 | 2 Bed Flat38, Canterbury RoadFlat 24, 38, Canterbury Road, Margate, CT9 5FH
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Flat 11, 38, Canterbury Road, Margate as the 285th largest and the 223rd most expensive of the 475 addresses on Canterbury Road, Margate, CT9.
Against the CT9 postcode district average, it is £49k less expensive than the typical property.
More reading links
Schools Nearby
- 900mGarlinge Primary School and Nursery
- 1.2kmMargate, Holy Trinity and St John's Church of England Primary School
- 1.2kmSalmestone Primary School
- 600mHartsdown Academy
- 2.9kmUrsuline College
- 3.3kmKing Ethelbert School
More reading links
Public Transport Nearby
Margate station is the nearest stop to Flat 11, 38, Canterbury Road, Margate at 300 metres away.
- 300mMargate
- 2.1kmWestgate-on-Sea
- 4.7kmBirchington-on-Sea
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
