Flat 3, 12-14
Flat 3, 12-14
Description & Estimates
Public records show Flat 3, 12-14, Fort Crescent, Margate to be a period leasehold apartment with 1,216 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms.
Flat 3, 12-14, Fort Crescent, Margate has an estimated sale value of £328,801 and an estimated rental value of £1,241 per month, assuming reasonable condition and based on the information available.
The apartment sits within 12-14, Fort Crescent, Margate, CT9.
Fort Crescent, Margate, CT9 lies in the borough of Thanet, within the CT9 postal district.
Our Data Sources
Flat 3, 12-14, Fort Crescent, Margate has 2 entries in the Land Registry , most recently in August 2024 and a single entry in the EPC database dated September 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate Flat 3, 12-14, Fort Crescent, Margate would be worth £345,241, with a potential rental value of £1,303 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £305,785, with a rental value of £1,154 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 3, 12-14, Fort Crescent, Margate has decreased by £17,415 (5.3%) over the last year. During the same period, its estimated monthly rental value has declined by £2 (0.1%). The property's estimated gross yield is currently 4.5%.
Energy Efficiency
Flat 3, 12-14, Fort Crescent, Margate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Sep 2016.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 3, 12-14, Fort Crescent, Margate last changed hands on 16th August 2024, selling for £350,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 14.5% since August 2024.
- Sold Aug 2024£350,000
- Sold Dec 2016£175,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 400 metres of Flat 3, 12-14, Fort Crescent, Margate across the last 2 years.
Most recently, 18, Cliff Terrace, Margate, CT9 1RU, a leasehold flat, sold at £440,000 on the 14th March 2024.
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
Our analysis of the public data ranks Flat 3, 12-14, Fort Crescent, Margate as the 9th largest and the 7th most expensive of the 118 addresses on Fort Crescent, Margate, CT9.
Against the CT9 postcode district average, it is £62k more expensive than the typical property.
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Schools Nearby
- 700mMargate, Holy Trinity and St John's Church of England Primary School
- 1.4kmDrapers Mills Primary Academy
- 1.5kmSalmestone Primary School
- 1.8kmHartsdown Academy
- 4.1kmDane Court Grammar School
- 4.2kmThe Charles Dickens School
More reading links
Public Transport Nearby
Margate station is the nearest stop to Flat 3, 12-14, Fort Crescent, Margate at 1.2 kilometres away.
- 1.2kmMargate
- 3.5kmWestgate-on-Sea
- 4.7kmBroadstairs
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
