Flat 6, 2
Flat 6, 2
Description & Estimates
Public records show Flat 6, 2, Second Avenue, Margate to be a period leasehold apartment with 861 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms.
Flat 6, 2, Second Avenue, Margate has an estimated sale value of £199,115 and an estimated rental value of £995 per month, assuming reasonable condition and based on the information available.
The apartment sits within 2, Second Avenue, Cliftonville, Margate, CT9.
Second Avenue, Cliftonville, Margate, CT9 lies in the borough of Thanet, within the CT9 postal district.
Our Data Sources
Flat 6, 2, Second Avenue, Margate has 2 entries in the Land Registry , most recently in November 2024 and a single entry in the EPC database dated July 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate Flat 6, 2, Second Avenue, Margate would be worth £209,070, with a potential rental value of £1,045 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £185,177, with a rental value of £926 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 6, 2, Second Avenue, Margate has fallen by £10,546 (5.3%) over the last year. During the same period, its estimated monthly rental value has moved down by £1 (0.1%). The property's estimated gross yield is currently 6.0%.
Energy Efficiency
Flat 6, 2, Second Avenue, Margate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Jul 2024.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 6, 2, Second Avenue, Margate last changed hands on 8th November 2024, selling for £352,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 11.6% since November 2024.
- Sold Nov 2024£352,000
- Sold Nov 2012£82,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 420 metres of Flat 6, 2, Second Avenue, Margate across the last 2 years.
Most recently, Flat 12, 2, Second Avenue, Margate, CT9 2LL, a leasehold flat, sold at £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.
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Location Comparison
Our analysis of the public data ranks Flat 6, 2, Second Avenue, Margate as the 12th largest and the 13th most expensive of the 30 addresses on Second Avenue, Cliftonville, Margate, CT9.
Against the CT9 postcode district average, it is £68k less expensive than the typical property.
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Schools Nearby
- 800mCliftonville Primary School
- 1.2kmMargate, Holy Trinity and St John's Church of England Primary School
- 1.4kmPalm Bay Primary School
- 2.5kmHartsdown Academy
- 3.6kmDane Court Grammar School
- 3.7kmThe Charles Dickens School
More reading links
Public Transport Nearby
Margate station is the nearest stop to Flat 6, 2, Second Avenue, Margate at 2.0 kilometres away.
- 2.0kmMargate
- 4.1kmBroadstairs
- 4.4kmWestgate-on-Sea
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
