Flat 9, 81-83
Flat 9, 81-83
Description & Estimates
Flat 9, 81-83, Eastern Esplanade, Margate is recorded publicly as a period leasehold apartment across 861 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of Flat 9, 81-83, Eastern Esplanade, Margate is £229,956 and its rental estimate is £966 per month, given the available information and assuming reasonable condition.
81-83, Eastern Esplanade is a residential building on Eastern Esplanade, Cliftonville, Margate, CT9 and falls within the CT9 postal district and the borough of Thanet.
Our Data Sources
Flat 9, 81-83, Eastern Esplanade, Margate has a single entry in the Land Registry from April 2017 and a single entry in the EPC database dated July 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
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 9, 81-83, Eastern Esplanade, Margate, we estimate a market value of £241,454 and a rental value of £1,015 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £213,859 and £899 per month respectively.
Recent Market Change
Over the last year, Flat 9, 81-83, Eastern Esplanade, Margate has seen its estimated sale value drop by £12,180 (5.3%) and its estimated rental value fall by £1 per month (0.1%). This results in an estimated gross rental yield of 5.0%.
Energy Efficiency
Flat 9, 81-83, Eastern Esplanade, Margate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Jul 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 9, 81-83, Eastern Esplanade, Margate completed on 28th April 2017 at £169,995 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 41.3% over the period since April 2017.
- Sold Apr 2017£169,995
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 9, 81-83, Eastern Esplanade, Margate have sold within a radius of 480 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 3rd August 2023, was Flat 8, 81-83, Eastern Esplanade, Margate, CT9 2JP, a leasehold flat which sold for £247,000.
Read more about house prices in CT9.
- Sold Aug 2023£247,000 | 3 Bed Flat81-83, Eastern EsplanadeFlat 8, 81-83, Eastern Esplanade, Margate, CT9 2JP
- Sold Nov 2022£345,000 | 2 Bed FlatHighcliffe Hall 16, Eastern EsplanadeFlat 7, Highcliffe Hall 16, Eastern Esplanade, Margate, CT9 2JB
- Sold Sep 2022£249,000 | 3 Bed FlatHighcliffe Hall 16, Eastern EsplanadeFlat 15, Highcliffe Hall 16, Eastern Esplanade, Margate, CT9 2JB
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 237 addresses on Eastern Esplanade, Cliftonville, Margate, CT9, Flat 9, 81-83, Eastern Esplanade, Margate comes out as the 38th largest and the 42nd most expensive in our analysis of the public data.
It is also £37k less expensive than the average property across the CT9 district.
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Schools Nearby
- 700mCliftonville Primary School
- 1.1kmPalm Bay Primary School
- 1.2kmNorthdown Primary School
- 2.6kmHartsdown Academy
- 3.5kmDane Court Grammar School
- 3.6kmThe Charles Dickens School
More reading links
Public Transport Nearby
From Flat 9, 81-83, Eastern Esplanade, Margate, the nearest station is Margate, 2.2 kilometres away.
- 2.2kmMargate
- 3.9kmBroadstairs
- 4.6kmWestgate-on-Sea
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
