Flat 2, 40
Flat 2, 40
Description & Estimates
Flat 2, 40, St. Peters Road, Margate is recorded publicly as a period leasehold apartment across 419 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of Flat 2, 40, St. Peters Road, Margate is £100,022 and its rental estimate is £692 per month, given the available information and assuming reasonable condition.
40, St. Peters Road is a residential building on St. Peters Road, Margate, CT9 and falls within the CT9 postal district and the borough of Thanet.
Our Data Sources
Flat 2, 40, St. Peters Road, Margate has 31 entries in the Land Registry , most recently in December 2015 and a single entry in the EPC database dated December 2019.
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.
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, 40, St. Peters Road, Margate, we estimate a market value of £105,023 and a rental value of £726 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £93,020 and £643 per month respectively.
Recent Market Change
Over the last year, Flat 2, 40, St. Peters Road, Margate has seen its estimated sale value decline by £2,981 (3.0%) and its estimated rental value climb by £18 per month (2.6%). This results in an estimated gross rental yield of 8.3%.
Energy Efficiency
Flat 2, 40, St. Peters Road, 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
The most recent sale of Flat 2, 40, St. Peters Road, Margate completed on 8th December 2015 at £76,500 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 41.1% over the period since December 2015.
- Sold Dec 2015£76,500
- Sold Sep 2005£75,000
- Sold Jan 2004£57,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 2, 40, St. Peters Road, Margate have sold within a radius of 440 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st August 2024, was 21, Wharfedale Road, Margate, CT9 2TA, a leasehold flat which sold for £112,500.
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 122 addresses on St. Peters Road, Margate, CT9, Flat 2, 40, St. Peters Road, Margate comes out as the 120th largest and the 121st most expensive in our analysis of the public data.
It is also £167k less expensive than the average property across the CT9 district.
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Schools Nearby
- 400mDrapers Mills Primary Academy
- 500mSalmestone Primary School
- 600mMargate, Holy Trinity and St John's Church of England Primary School
- 1.3kmHartsdown Academy
- 3.1kmDane Court Grammar School
- 3.2kmThe Charles Dickens School
More reading links
Public Transport Nearby
From Flat 2, 40, St. Peters Road, Margate, the nearest station is Margate, 1.2 kilometres away.
- 1.2kmMargate
- 3.5kmWestgate-on-Sea
- 3.9kmBroadstairs
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.
