Flat 2, 12-14
Flat 2, 12-14
Description & Estimates
According to the public record, Flat 2, 12-14, Fort Crescent, Margate is a period leasehold apartment with 419 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, 12-14, Fort Crescent, Margate is £179,060 and the estimated rental value is £824 per month.
The apartment is within 12-14, Fort Crescent, Margate, CT9.
Fort Crescent, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
Our Data Sources
Flat 2, 12-14, Fort Crescent, Margate has a single entry in the Land Registry from February 2017 and a single entry in the EPC database dated September 2016.
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
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 2, 12-14, Fort Crescent, Margate is in very good condition we estimate a sale value of £188,013 and a rental value of £865 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £166,525 and a rental value of £766 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 2, 12-14, Fort Crescent, Margate has fallen by £5,337 (3.0%), while its estimated rental value has moved up by £22 per month (2.6%). Based on current estimates, the property offers a gross rental yield of 5.5%.
Energy Efficiency
Flat 2, 12-14, Fort Crescent, Margate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Sep 2016.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, Flat 2, 12-14, Fort Crescent, Margate was last sold on 17th February 2017 for £131,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since February 2017, the market for similar properties has risen by 17.4%.
- Sold Feb 2017£131,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 12-14, Fort Crescent, Margate within a radius of 400 metres over the last 2 years.
The most recent example is Flat 1, 6, Trinity Square, Margate, CT9 1HR, a leasehold flat which sold for £126,000 on the 7th November 2024.
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
Fort Crescent, Margate, CT9 has a total of 118 addresses. According to our analysis of all the public data, Flat 2, 12-14, Fort Crescent, Margate is the 102nd largest and the 63rd most expensive property on the street.
When compared to the postcode district it is £88k less expensive than the average property in CT9.
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Schools Nearby
- 700mMargate, Holy Trinity and St John's Church of England Primary School
- 1.4kmDrapers Mills Primary Academy
- 1.5kmSalmestone Primary School
- 1.8kmHartsdown Academy
- 4.1kmDane Court Grammar School
- 4.2kmThe Charles Dickens School
More reading links
Public Transport Nearby
The closest station to Flat 2, 12-14, Fort Crescent, Margate is Margate station, which is 1.2 kilometres away.
- 1.2kmMargate
- 3.5kmWestgate-on-Sea
- 4.7kmBroadstairs
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
