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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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Public records show Flat 4, 38, Canterbury Road, Margate to be a modern leasehold apartment with 645 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 4, 38, Canterbury Road, Margate has an estimated sale value of £218,202 and an estimated rental value of £941 per month, assuming reasonable condition and based on the information available.
The apartment sits within 38, Canterbury Road, Margate, CT9.
Canterbury Road, Margate, CT9 lies in the borough of Thanet, within the CT9 postal district.
Flat 4, 38, Canterbury Road, Margate has a single entry in the Land Registry from October 2017 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.
In very good condition, we estimate Flat 4, 38, Canterbury Road, Margate would be worth £229,112, with a potential rental value of £988 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £202,928, with a rental value of £875 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of Flat 4, 38, Canterbury Road, Margate has declined by £8,835 (4.0%) over the last year. During the same period, its estimated monthly rental value has climbed by £18 (1.9%). The property's estimated gross yield is currently 5.2%.
Flat 4, 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.
Flat 4, 38, Canterbury Road, Margate last changed hands on 26th October 2017, selling for £175,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 11.9% since October 2017.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 640 metres of Flat 4, 38, Canterbury Road, Margate across the last 2 years.
Most recently, Flat 20, Alexandra Court, The Royal Seabathing, Margate, CT9 5NT, a leasehold flat, sold at £235,000 on the 11th August 2023.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks Flat 4, 38, Canterbury Road, Margate as the 282nd largest and the 220th most expensive of the 475 addresses on Canterbury Road, Margate, CT9.
Against the CT9 postcode district average, it is £49k less expensive than the typical property.
Margate station is the nearest stop to Flat 4, 38, Canterbury Road, Margate at 300 metres away.
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 4, 38, Canterbury Road, Margate, % of property is and % is .
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 4, 38, Canterbury Road, Margate, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 4, 38, Canterbury Road, Margate, 0.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 4, 38, Canterbury Road, Margate, there are an average of 0.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.
