Flat 2, 115A
Flat 2, 115A
Description & Estimates
The public record describes Flat 2, 115A, Grosvenor Place, Margate as a period apartment with 957 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms.
Flat 2, 115A, Grosvenor Place, Margate has an estimated sale value of £162,905 and an estimated rental value of £941 per month, assuming reasonable condition and based on the information available.
The apartment sits within 115A, Grosvenor Place, Margate, CT9.
Grosvenor Place, Margate, CT9 lies in the borough of Thanet, within the CT9 postal district.
Our Data Sources
Flat 2, 115A, Grosvenor Place, Margate has no recent1 records in the the Land Registry and a single entry in the EPC database dated December 2019.
We combine this information with public data 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.
Price Range & Condition
In very good condition, we estimate Flat 2, 115A, Grosvenor Place, Margate would be worth £171,050, with a potential rental value of £988 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £151,501, 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 2, 115A, Grosvenor Place, Margate has declined by £8,628 (5.3%) over the last year. During the same period, its estimated monthly rental value has dropped by £1 (0.1%). The property's estimated gross yield is currently 6.9%.
Energy Efficiency
Flat 2, 115A, Grosvenor Place, Margate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Dec 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 2, 115A, Grosvenor Place, Margate last changed hands on 3rd October 2005, selling for £93,500. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
- Sold Oct 2005£93,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 430 metres of Flat 2, 115A, Grosvenor Place, Margate across the last 2 years.
Most recently, 27A, Ramsgate Road, Margate, CT9 5RT, a leasehold flat, sold at £170,000 on the 20th October 2023.
Read more about house prices in CT9.
•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 2, 115A, Grosvenor Place, Margate as the 43rd largest and the 153rd most expensive of the 198 addresses on Grosvenor Place, Margate, CT9.
Against the CT9 postcode district average, it is £104k less expensive than the typical property.
More reading links
Schools Nearby
- 300mMargate, Holy Trinity and St John's Church of England Primary School
- 600mSalmestone Primary School
- 900mSt Gregory's Catholic Primary School, Margate
- 900mHartsdown Academy
- 3.7kmDane Court Grammar School
- 3.8kmUrsuline College
More reading links
Public Transport Nearby
Margate station is the nearest stop to Flat 2, 115A, Grosvenor Place, Margate at 600 metres away.
- 600mMargate
- 3.0kmWestgate-on-Sea
- 4.5kmBroadstairs
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.
