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According to the public record, Flat 4, 39, Spencer Square, Ramsgate is a period leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 4, 39, Spencer Square, Ramsgate is £97,534 and the estimated rental value is £624 per month.
The apartment is within 39, Spencer Square, Ramsgate, CT11.
Spencer Square, Ramsgate, CT11 is located in the borough of Thanet within the CT11 postal district.
Flat 4, 39, Spencer Square, Ramsgate has 2 entries in the Land Registry , most recently in November 2019 and a single entry in the EPC database dated December 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
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 4, 39, Spencer Square, Ramsgate is in very good condition we estimate a sale value of £102,411 and a rental value of £655 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £90,707 and a rental value of £580 per month.
Over the last 12 months the sale value of Flat 4 39 Spencer Square Ramsgate has decreased by an estimated £3,686 (3.8%) and its rental value has increased by an estimated £17 per month (2.7%), giving an expected gross yield of 7.7%.
Flat 4, 39, Spencer Square, Ramsgate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Dec 2019.
The property is not connected to mains gas and has single glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, Flat 4, 39, Spencer Square, Ramsgate was last sold on 29th November 2019 for £160,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since November 2019, the market for similar properties has dropped 5.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 39, Spencer Square, Ramsgate within a radius of 410 metres over the last 2 years.
The most recent example is Flat 2, 2, Clifton Lawn, Ramsgate, CT11 9PB, a leasehold flat which sold for £98,500 on the 12th April 2022.
Read more about house prices in CT11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spencer Square, Ramsgate, CT11 has a total of 64 addresses. According to our analysis of all the public data, Flat 4, 39, Spencer Square, Ramsgate is the 49th largest and the 62nd most expensive property on the street.
When compared to the postcode district it is £160k less expensive than the average property in CT11.
The closest station to Flat 4, 39, Spencer Square, Ramsgate is Ramsgate station which is 1.3 kilometres away.
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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 4, 39, Spencer Square, Ramsgate, 54.3% of property is privately rented and 20.3% is privately owned outright.
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, 39, Spencer Square, Ramsgate, 16.8% of residents are recorded as possessing school level qualifications and 36.4% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 4, 39, Spencer Square, Ramsgate, the average age was 42.4 and the most common age was 52.
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, 39, Spencer Square, Ramsgate, 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, 39, Spencer Square, Ramsgate, there are an average of 0.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.
