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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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According to the public record, Flat 5, Parkside 54-56, Margate is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 615 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, Parkside 54-56, Margate is £149,553 and the estimated rental value is £898 per month.
The apartment is within Parkside, Dane Road, Margate, CT9.
Dane Road, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
Flat 5, Parkside 54-56, Margate has a single entry in the Land Registry from August 2022 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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, Parkside 54-56, Margate is in very good condition we estimate a sale value of £157,031 and a rental value of £943 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £139,084 and a rental value of £835 per month.
Over the last 12 months the sale value of Flat 5 Parkside 54-56 Margate has decreased by an estimated £6,822 (4.6%) and its rental value has increased by an estimated £16 per month (1.8%), giving an expected gross yield of 7.2%.
According to HM Land Registry, Flat 5, Parkside 54-56, Margate was last sold on 15th August 2022 for £152,236 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since August 2022, the market for similar properties has dropped 20.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Parkside 54-56, Margate within a radius of 400 metres over the last 2 years.
The most recent example is Flat 6, Parkside 54-56, Dane Road, Margate, CT9 2AA, a leasehold flat which sold for £129,000 on the 24th May 2023.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Dane Road, Margate, CT9 has a total of 152 addresses. According to our analysis of all the public data, Flat 5, Parkside 54-56, Margate is the 109th largest and the 111th most expensive property on the street.
When compared to the postcode district it is £116k less expensive than the average property in CT9.
The closest station to Flat 5, Parkside 54-56, Margate is Margate 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 5, Parkside 54-56, Margate, 47.3% of property is privately rented and 27.1% 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, Parkside 54-56, Margate, 23.5% of residents are recorded as possessing school level qualifications and 27.2% 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, Parkside 54-56, 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, Parkside 54-56, 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, Parkside 54-56, 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.
