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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 8, 2, Union Crescent, Margate is a modern leasehold apartment with 1,894 ft2 of internal area.
Apartments of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 8, 2, Union Crescent, Margate is £295,432 and the estimated rental value is £1,454 per month.
The apartment is within 2, Union Crescent, Margate, CT9.
Union Crescent, Margate, CT9 is located in the borough of Thanet within the CT9 postal district.
Flat 8, 2, Union Crescent, Margate has a single entry in the Land Registry from July 2016 and a single entry in the EPC database dated May 2019.
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.
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 8, 2, Union Crescent, Margate is in very good condition we estimate a sale value of £310,203 and a rental value of £1,526 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £274,751 and a rental value of £1,352 per month.
Over the last 12 months the sale value of Flat 8 2 Union Crescent Margate has decreased by an estimated £20,075 (6.8%) and its rental value has decreased by an estimated £7 per month (0.5%), giving an expected gross yield of 5.9%.
Flat 8, 2, Union Crescent, Margate has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 May 2019.
The property is not connected to mains gas and has some double glazing. It is heated using Boiler and underfloor heating, mains gas.
According to HM Land Registry, Flat 8, 2, Union Crescent, Margate was last sold on 29th July 2016 for £161,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since July 2016, the market for similar properties has risen 33.2%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Flat 8, 2, Union Crescent, Margate within a radius of 340 metres over the last 2 years.
The most recent example is Flat 4, 27, Hawley Street, Margate, CT9 1QA, a leasehold flat which sold for £172,500 on the 30th November 2016.
Read more about house prices in CT9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Union Crescent, Margate, CT9 has a total of 74 addresses. According to our analysis of all the public data, Flat 8, 2, Union Crescent, Margate is the 4th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £29k more expensive than the average property in CT9.
The closest station to Flat 8, 2, Union Crescent, Margate is Margate station which is 900 metres 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 8, 2, Union Crescent, Margate, 45.5% of property is socially rented and 39.3% 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 8, 2, Union Crescent, Margate, 7.3% of residents are recorded as possessing school level qualifications and 23.3% 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 8, 2, Union Crescent, Margate, the average age was 37.6 and the most common age was 2.
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 8, 2, Union Crescent, 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 8, 2, Union Crescent, Margate, there are an average of 0.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.
