Flat 3, 86
Flat 3, 86
Description & Estimates
Flat 3, 86, Grosvenor Place, Margate is described in the public record as a period apartment with 1,560 ft2 of internal area.
Locally, apartments of this size normally have 4 bedrooms.
Our estimate of the sale value of Flat 3, 86, Grosvenor Place, Margate is £281,018 and its rental estimate is £1,311 per month, given the available information and assuming reasonable condition.
86, Grosvenor Place is a residential building on Grosvenor Place, Margate, CT9 and falls within the CT9 postal district and the borough of Thanet.
Our Data Sources
Flat 3, 86, Grosvenor Place, Margate has no recent1 records in the the Land Registry and a single entry in the EPC database dated January 2021.
We combine this information with public data 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 3, 86, Grosvenor Place, Margate, we estimate a market value of £295,069 and a rental value of £1,377 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £261,347 and £1,220 per month respectively.
Recent Market Change
Over the last year, Flat 3, 86, Grosvenor Place, Margate has seen its estimated sale value decline by £16,661 (5.9%) and its estimated rental value drop by £7 per month (0.5%). This results in an estimated gross rental yield of 5.6%.
Energy Efficiency
Flat 3, 86, Grosvenor Place, Margate has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Jan 2021.
The property is connected to mains gas and has some double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 3, 86, Grosvenor Place, Margate completed on 16th March 2006 at £125,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
- Sold Mar 2006£125,000
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 420 metres of Flat 3, 86, Grosvenor Place, Margate, per the Land Registry and our network of Estate Agents.
The latest, on the 17th December 2015, was 78, Grosvenor Place, Margate, CT9 1UY, a freehold house which sold for £148,000.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 198 addresses on Grosvenor Place, Margate, CT9, Flat 3, 86, Grosvenor Place, Margate comes out as the 11th largest and the 40th most expensive in our analysis of the public data.
It is also £14k more expensive than the average property across the CT9 district.
More reading links
Schools Nearby
- 300mMargate, Holy Trinity and St John's Church of England Primary School
- 700mSalmestone Primary School
- 900mSt Gregory's Catholic Primary School, Margate
- 1.0kmHartsdown Academy
- 3.7kmDane Court Grammar School
- 3.8kmUrsuline College
More reading links
Public Transport Nearby
From Flat 3, 86, Grosvenor Place, Margate, the nearest station is Margate, 700 metres away.
- 700mMargate
- 3.0kmWestgate-on-Sea
- 4.5kmBroadstairs
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.
