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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
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According to the public record, Flat 2, 2, Bayer Street, Margate is a modern leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, 2, Bayer Street, Margate is £72,178 and the estimated rental value is £491 per month.
The apartment is within 2, Bayer Street, Margate, CT9.
Bayer Street, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
Flat 2, 2, Bayer Street, Margate has a single entry in the Land Registry from June 2023 and a single entry in the EPC database dated February 2023.
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.
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, 2, Bayer Street, Margate is in very good condition we estimate a sale value of £75,787 and a rental value of £515 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £67,126 and a rental value of £456 per month.
Over the last 12 months the sale value of Flat 2 2 Bayer Street Margate has decreased by an estimated £3,292 (4.6%) and its rental value has increased by an estimated £9 per month (1.8%), giving an expected gross yield of 8.2%.
Flat 2, 2, Bayer Street, Margate has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 Feb 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 2, 2, Bayer Street, Margate was last sold on 2nd June 2023 for £80,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since June 2023, the market for similar properties has dropped 16.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 2, Bayer Street, Margate within a radius of 1.2 kilometres over the last 2 years.
The most recent example is Flat 6, 2, Bayer Street, Margate, CT9 4GN, a leasehold flat which sold for £75,250 on the 28th July 2023.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bayer Street, Margate, CT9 has a total of 20 addresses. According to our analysis of all the public data, Flat 2, 2, Bayer Street, Margate is the 20th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £194k less expensive than the average property in CT9.
The closest station to Flat 2, 2, Bayer Street, Margate is Margate station which is 2.7 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, 2, Bayer Street, Margate, % of property is and % is .
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 2, 2, Bayer Street, Margate, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 2, 2, Bayer Street, Margate, 0.0% 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 2, 2, Bayer Street, Margate, there are an average of 0.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.
