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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 6, 12, Eastern Esplanade, Margate is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 868 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 6, 12, Eastern Esplanade, Margate is £241,571 and the estimated rental value is £981 per month.
The apartment is within 12, Eastern Esplanade, Margate, CT9.
Eastern Esplanade, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
Flat 6, 12, Eastern Esplanade, Margate has 21 entries in the Land Registry , most recently in September 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 3 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 6, 12, Eastern Esplanade, Margate is in very good condition we estimate a sale value of £253,649 and a rental value of £1,030 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £224,661 and a rental value of £912 per month.
Over the last 12 months the sale value of Flat 6 12 Eastern Esplanade Margate has decreased by an estimated £14,074 (5.8%) and its rental value has increased by an estimated £4 per month (0.4%), giving an expected gross yield of 4.9%.
According to HM Land Registry, Flat 6, 12, Eastern Esplanade, Margate was last sold on 9th September 2022 for £400,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since September 2022, the market for similar properties has dropped 34.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, 12, Eastern Esplanade, Margate within a radius of 420 metres over the last 2 years.
The most recent example is Flat 12, 2, Second Avenue, Margate, CT9 2LL, a leasehold flat which sold for £245,000 on the 19th December 2024.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eastern Esplanade, Margate, CT9 has a total of 36 addresses. According to our analysis of all the public data, Flat 6, 12, Eastern Esplanade, Margate is the 13th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £24k less expensive than the average property in CT9.
The closest station to Flat 6, 12, Eastern Esplanade, Margate is Margate station which is 2.4 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 6, 12, Eastern Esplanade, Margate, 38.5% of property is privately owned outright and 30.8% is privately rented.
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 6, 12, Eastern Esplanade, Margate, 13.4% of residents are recorded as possessing school level qualifications and 36.6% 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 6, 12, Eastern Esplanade, Margate, the average age was 49.7 and the most common age was 72.
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 6, 12, Eastern Esplanade, Margate, 0.8% 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 6, 12, Eastern Esplanade, Margate, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.
