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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
According to the public record, Flat 2, 7, Albert Terrace, Margate is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 780 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, 7, Albert Terrace, Margate is £272,936 and the estimated rental value is £1,114 per month.
The apartment is within 7, Albert Terrace, Margate, CT9.
Albert Terrace, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
Flat 2, 7, Albert Terrace, Margate has 2 entries in the Land Registry , most recently in April 2018 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 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, 7, Albert Terrace, Margate is in very good condition we estimate a sale value of £286,583 and a rental value of £1,169 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £253,831 and a rental value of £1,036 per month.
Over the last 12 months the sale value of Flat 2 7 Albert Terrace Margate has decreased by an estimated £12,450 (4.6%) and its rental value has increased by an estimated £20 per month (1.8%), giving an expected gross yield of 4.9%.
According to HM Land Registry, Flat 2, 7, Albert Terrace, Margate was last sold on 27th April 2018 for £205,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since April 2018, the market for similar properties has risen 49.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 7, Albert Terrace, Margate within a radius of 430 metres over the last 2 years.
The most recent example is Flat 4, 10, Albert Terrace, Margate, CT9 1UJ, a leasehold flat which sold for £325,000 on the 22nd August 2022.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Albert Terrace, Margate, CT9 has a total of 38 addresses. According to our analysis of all the public data, Flat 2, 7, Albert Terrace, Margate is the 10th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £7k more expensive than the average property in CT9.
The closest station to Flat 2, 7, Albert Terrace, Margate is Margate station which is 600 metres away.
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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, 7, Albert Terrace, Margate, 76.3% of property is privately rented and 19.4% is privately owned outright.
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, 7, Albert Terrace, Margate, 17.3% of residents are recorded as possessing school level qualifications and 35.3% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 2, 7, Albert Terrace, Margate, the average age was 37.2 and the most common age was 32.
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, 7, Albert Terrace, Margate, 1.7% 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, 7, Albert Terrace, Margate, there are an average of 0.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.
