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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
According to the public record, Flat 18, The Horizon 3, Ramsgate is a modern leasehold apartment with 871 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 18, The Horizon 3, Ramsgate is £394,935 and the estimated rental value is £1,604 per month.
The apartment is within The Horizon, Beach Drive, Ramsgate, CT11.
Beach Drive, Ramsgate, CT11 is located in the borough of Thanet within the CT11 postal district.
Flat 18, The Horizon 3, Ramsgate has a single entry in the Land Registry from May 2022 and a single entry in the EPC database dated May 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
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 Flat 18, The Horizon 3, Ramsgate is in very good condition we estimate a sale value of £414,682 and a rental value of £1,684 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £367,290 and a rental value of £1,492 per month.
Over the last 12 months the sale value of Flat 18 The Horizon 3 Ramsgate has decreased by an estimated £25,728 (6.5%) and its rental value has decreased by an estimated £6 per month (0.4%), giving an expected gross yield of 4.9%.
Flat 18, The Horizon 3, Ramsgate has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 May 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
According to HM Land Registry, Flat 18, The Horizon 3, Ramsgate was last sold on 3rd May 2022 for £475,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2022, the market for similar properties has dropped 51.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 18, The Horizon 3, Ramsgate within a radius of 430 metres over the last 2 years.
The most recent example is Flat 7, The Horizon 3, Beach Drive, Ramsgate, CT11 8FP, a leasehold flat which sold for £415,000 on the 18th May 2022.
Read more about house prices in CT11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Beach Drive, Ramsgate, CT11 has a total of 106 addresses. According to our analysis of all the public data, Flat 18, The Horizon 3, Ramsgate is the 60th largest and the 79th most expensive property on the street.
When compared to the postcode district it is £137k more expensive than the average property in CT11.
The closest station to Flat 18, The Horizon 3, Ramsgate is Dumpton Park station which is 1.4 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 18, The Horizon 3, Ramsgate, 63.2% of property is privately rented and 18.8% is privately owned outright.
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 18, The Horizon 3, Ramsgate, 14.5% of residents are recorded as possessing school level qualifications and 27.9% 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 18, The Horizon 3, Ramsgate, the average age was 42.4 and the most common age was 52.
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 18, The Horizon 3, Ramsgate, 0.8% 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 18, The Horizon 3, Ramsgate, 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.
