Flat 24, 38
Flat 24, 38
Description & Estimates
Flat 24, 38, Canterbury Road, Margate is recorded publicly as a modern leasehold apartment across 645 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 24, 38, Canterbury Road, Margate is £218,202 and its rental estimate is £941 per month, given the available information and assuming reasonable condition.
38, Canterbury Road is a residential building on Canterbury Road, Margate, CT9 and falls within the CT9 postal district and the borough of Thanet.
Our Data Sources
Flat 24, 38, Canterbury Road, Margate has 2 entries in the Land Registry , most recently in February 2021 and a single entry in the EPC database dated October 2020.
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
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 24, 38, Canterbury Road, Margate, we estimate a market value of £229,112 and a rental value of £988 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £202,928 and £875 per month respectively.
Recent Market Change
Over the last year, Flat 24, 38, Canterbury Road, Margate has seen its estimated sale value drop by £8,835 (4.0%) and its estimated rental value rise by £18 per month (1.9%). This results in an estimated gross rental yield of 5.2%.
Energy Efficiency
Flat 24, 38, Canterbury Road, Margate has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Oct 2020.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, electric.
Sold Prices
The most recent sale of Flat 24, 38, Canterbury Road, Margate completed on 26th February 2021 at £175,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 21.4% over the period since February 2021.
- Sold Feb 2021£175,000
- Sold Jul 2017£220,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 24, 38, Canterbury Road, Margate have sold within a radius of 640 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 11th August 2023, was Flat 20, Alexandra Court, The Royal Seabathing, Margate, CT9 5NT, a leasehold flat which sold for £235,000.
Read more about house prices in CT9.
- Sold Aug 2023£235,000 | 2 Bed FlatAlexandra Court, The Royal SeabathingFlat 20, Alexandra Court, The Royal Seabathing, Margate, CT9 5NT
- Sold Oct 2022£200,000 | 2 Bed FlatAlexandra Court, The Royal SeabathingFlat 38, Alexandra Court, The Royal Seabathing, Margate, CT9 5NT
- Sold Jun 2021£195,000 | 2 Bed Flat44, Canterbury RoadFlat 11, 44, Canterbury Road, Margate, CT9 5BG
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 475 addresses on Canterbury Road, Margate, CT9, Flat 24, 38, Canterbury Road, Margate comes out as the 283rd largest and the 221st most expensive in our analysis of the public data.
It is also £49k less expensive than the average property across the CT9 district.
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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
From Flat 24, 38, Canterbury Road, Margate, the nearest station is Margate, 300 metres away.
- 300mMargate
- 2.1kmWestgate-on-Sea
- 4.7kmBirchington-on-Sea
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.
