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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
According to the public record, Flat 5, 3, Fort Paragon, Margate is a period Leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 5, 3, Fort Paragon, Margate is £354,220 and the estimated rental value is £1,606 per month.
The apartment is within 3, Fort Paragon, Margate, CT9.
Fort Paragon, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
Flat 5, 3, Fort Paragon, Margate has a single entry in the Land Registry from July 2008 and a single entry in the EPC database dated March 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 5, 3, Fort Paragon, Margate is in very good condition we estimate a sale value of £371,931 and a rental value of £1,687 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £329,425 and a rental value of £1,494 per month.
Over the last 12 months the sale value of Flat 5 3 Fort Paragon Margate has decreased by an estimated £14,342 (4.0%) and its rental value has increased by an estimated £30 per month (1.9%), giving an expected gross yield of 5.4%.
Flat 5, 3, Fort Paragon, Margate has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 20 Mar 2020.
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 5, 3, Fort Paragon, Margate was last sold on 1st July 2008 for £235,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since July 2008, the market for similar properties has risen 54.4%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Flat 5, 3, Fort Paragon, Margate within a radius of 400 metres over the last 2 years.
The most recent example is 7, Dalby Road, Margate, CT9 2EX, a leasehold flat which sold for £365,000 on the 25th June 2021.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fort Paragon, Margate, CT9 has a total of 10 addresses. According to our analysis of all the public data, Flat 5, 3, Fort Paragon, Margate is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £87k more expensive than the average property in CT9.
The closest station to Flat 5, 3, Fort Paragon, Margate is Margate station which is 1.3 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 5, 3, Fort Paragon, 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 5, 3, Fort Paragon, 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 5, 3, Fort Paragon, 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 5, 3, Fort Paragon, 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.
