Flat 2, Harbour Lights 7
Flat 2, Harbour Lights 7
Description & Estimates
Flat 2, Harbour Lights 7, Margate is recorded publicly as a period leasehold apartment across 301 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of Flat 2, Harbour Lights 7, Margate is £112,389 and its rental estimate is £670 per month, given the available information and assuming reasonable condition.
Harbour Lights, Fort Crescent is a residential building on Fort Crescent, Margate, CT9 and falls within the CT9 postal district and the borough of Thanet.
Our Data Sources
Flat 2, Harbour Lights 7, Margate has 2 entries in the Land Registry , most recently in September 2017 and a single entry in the EPC database dated March 2022.
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, Harbour Lights 7, Margate, we estimate a market value of £118,009 and a rental value of £703 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £104,522 and £623 per month respectively.
Recent Market Change
Over the last year, Flat 2, Harbour Lights 7, Margate has seen its estimated sale value drop by £3,350 (3.0%) and its estimated rental value rise by £18 per month (2.6%). This results in an estimated gross rental yield of 7.1%.
Energy Efficiency
Flat 2, Harbour Lights 7, Margate has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Mar 2022.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 2, Harbour Lights 7, Margate completed on 15th September 2017 at £96,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 14.4% over the period since September 2017.
- Sold Sep 2017£96,000
- Sold Feb 2007£62,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 2, Harbour Lights 7, Margate have sold within a radius of 430 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 24th July 2017, was Flat 4, Harbour Lights 7, Fort Crescent, Margate, CT9 1HN, a leasehold flat which sold for £96,000.
Read more about house prices in CT9.
- Sold Jul 2017£96,000 | 1 Bed FlatHarbour Lights 7, Fort CrescentFlat 4, Harbour Lights 7, Fort Crescent, Margate, CT9 1HN
- Sold Jul 2017£96,000 | 1 Bed FlatHarbour Lights 7, Fort CrescentFlat 5, Harbour Lights 7, Fort Crescent, Margate, CT9 1HN
- Sold Aug 2014£185,000 | 1 Bed Flat53, Trinity SquareFlat 2, 53, Trinity Square, Margate, CT9 1HT
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 118 addresses on Fort Crescent, Margate, CT9, Flat 2, Harbour Lights 7, Margate comes out as the 118th largest and the 102nd most expensive in our analysis of the public data.
It is also £154k less expensive than the average property across the CT9 district.
More reading links
Schools Nearby
- 700mMargate, Holy Trinity and St John's Church of England Primary School
- 1.5kmSalmestone Primary School
- 1.5kmDrapers Mills Primary Academy
- 1.7kmHartsdown Academy
- 4.1kmDane Court Grammar School
- 4.3kmUrsuline College
More reading links
Public Transport Nearby
From Flat 2, Harbour Lights 7, Margate, the nearest station is Margate, 1.1 kilometres away.
- 1.1kmMargate
- 3.4kmWestgate-on-Sea
- 4.8kmBroadstairs
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.
