Flat 2, 1-2
Flat 2, 1-2
Description & Estimates
Flat 2, 1-2, Marine Gardens, Margate is recorded publicly as a period leasehold apartment across 936 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of Flat 2, 1-2, Marine Gardens, Margate is £201,397 and its rental estimate is £999 per month, given the available information and assuming reasonable condition.
1, Marine Gardens is a residential building on Marine Gardens, Margate, CT9 and falls within the CT9 postal district and the borough of Thanet.
Our Data Sources
Flat 2, 1-2, Marine Gardens, Margate has a single entry in the Land Registry from December 2016 and a single entry in the EPC database dated October 2016.
We combine this information with that 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.
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 2, 1-2, Marine Gardens, Margate, we estimate a market value of £211,467 and a rental value of £1,049 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £187,299 and £929 per month respectively.
Recent Market Change
Over the last year, Flat 2, 1-2, Marine Gardens, Margate has seen its estimated sale value decrease by £10,667 (5.3%) and its estimated rental value decline by £1 per month (0.1%). This results in an estimated gross rental yield of 6.0%.
Energy Efficiency
Flat 2, 1-2, Marine Gardens, Margate has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Oct 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 2, 1-2, Marine Gardens, Margate completed on 7th December 2016 at £146,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 27.1% over the period since December 2016.
- Sold Dec 2016£146,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 2, 1-2, Marine Gardens, Margate have sold within a radius of 410 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st November 2024, was Flat 7, 2, Union Crescent, Margate, CT9 1NR, a leasehold flat which sold for £310,000.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 79 addresses on Marine Gardens, Margate, CT9, Flat 2, 1-2, Marine Gardens, Margate comes out as the 2nd largest and the 2nd most expensive in our analysis of the public data.
It is also £65k less expensive than the average property across the CT9 district.
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Schools Nearby
- 400mMargate, Holy Trinity and St John's Church of England Primary School
- 1.0kmSalmestone Primary School
- 1.3kmSt Gregory's Catholic Primary School, Margate
- 1.1kmHartsdown Academy
- 3.8kmUrsuline College
- 4.0kmDane Court Grammar School
More reading links
Public Transport Nearby
From Flat 2, 1-2, Marine Gardens, Margate, the nearest station is Margate, 600 metres away.
- 600mMargate
- 3.0kmWestgate-on-Sea
- 4.7kmBroadstairs
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.
