Flat 22, 38
Flat 22, 38
Description & Estimates
According to the public record, Flat 22, 38, Canterbury Road, Margate is a modern leasehold apartment with 1,625 ft2 of internal area.
Apartments of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 22, 38, Canterbury Road, Margate is £372,498 and the estimated rental value is £1,438 per month.
The apartment is within 38, Canterbury Road, Margate, CT9.
Canterbury Road, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
Our Data Sources
Flat 22, 38, Canterbury Road, Margate has a single entry in the Land Registry from March 2018 and a single entry in the EPC database dated February 2017.
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.
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 22, 38, Canterbury Road, Margate is in very good condition we estimate a sale value of £391,122 and a rental value of £1,510 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £346,423 and a rental value of £1,337 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 22, 38, Canterbury Road, Margate has decreased by £22,085 (5.9%), while its estimated rental value has declined by £7 per month (0.5%). Based on current estimates, the property offers a gross rental yield of 4.6%.
Energy Efficiency
Flat 22, 38, Canterbury Road, Margate has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Feb 2017.
The property is not 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 22, 38, Canterbury Road, Margate was last sold on 22nd March 2018 for £395,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since March 2018, the market for similar properties has dropped by 3.9%.
- Sold Mar 2018£395,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there has been 1 sale of a property similar to Flat 22, 38, Canterbury Road, Margate within a radius of 640 metres over the last 2 years.
The most recent example is Flat 29, 38, Canterbury Road, Margate, CT9 5FH, a leasehold flat which sold for £530,000 on the 10th July 2019.
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
Canterbury Road, Margate, CT9 has a total of 475 addresses. According to our analysis of all the public data, Flat 22, 38, Canterbury Road, Margate is the 57th largest and the 74th most expensive property on the street.
When compared to the postcode district it is £106k more expensive than the average property in CT9.
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Schools Nearby
- 900mGarlinge Primary School and Nursery
- 1.2kmMargate, Holy Trinity and St John's Church of England Primary School
- 1.2kmSalmestone Primary School
- 600mHartsdown Academy
- 2.9kmUrsuline College
- 3.3kmKing Ethelbert School
More reading links
Public Transport Nearby
The closest station to Flat 22, 38, Canterbury Road, Margate is Margate station, which is 300 metres away.
- 300mMargate
- 2.1kmWestgate-on-Sea
- 4.7kmBirchington-on-Sea
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.
