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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
Flat 5, 7, Addington Road, Margate is described in the public record as a modern apartment with 635 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 5, 7, Addington Road, Margate is £201,861 and its rental estimate is £881 per month, given the available information and assuming reasonable condition.
7, Addington Road is a residential building on Addington Road, Margate, CT9 and falls within the CT9 postal district and the borough of Thanet.
Flat 5, 7, Addington Road, Margate has no records in the the Land Registry and a single entry in the EPC database dated April 2021.
We combine this information with public data 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.
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 5, 7, Addington Road, Margate, we estimate a market value of £211,954 and a rental value of £925 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £187,731 and £820 per month respectively.
Over the last year, Flat 5, 7, Addington Road, Margate has seen its estimated sale value fall by £8,173 (4.0%) and its estimated rental value move up by £16 per month (1.9%). This results in an estimated gross rental yield of 5.2%.
Flat 5, 7, Addington Road, Margate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Apr 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Over the past 2 years 3 properties similar to Flat 5, 7, Addington Road, Margate have sold within a radius of 350 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 3rd May 2017, was Flat 12, Edith Court, Victoria Road, Margate, CT9 1RB, a leasehold flat which sold for £115,000.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 53 addresses on Addington Road, Margate, CT9, Flat 5, 7, Addington Road, Margate comes out as the 23rd largest and the 23rd most expensive in our analysis of the public data.
It is also £65k less expensive than the average property across the CT9 district.
From Flat 5, 7, Addington Road, Margate, the nearest station is Margate, 1.0 kilometres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 5, 7, Addington Road, Margate, 63.8% of property is privately rented and 18.4% is privately owned with a mortgage.
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, 7, Addington Road, Margate, 17.6% of residents are recorded as possessing school level qualifications and 28.4% 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 5, 7, Addington Road, Margate, the average age was 39.2 and the most common age was 32.
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, 7, Addington 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 5, 7, Addington Road, Margate, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.
