2 Magnolia Avenue, Margate, CT9 3DS is a freehold detached property built between 1950-1966. The property offers approximately 1,044 square feet of living space. In this location, properties of similar size usually have three bedrooms.

The estimated current market value of the property is £407,296 , which equates to approximately £390 per square foot. It was last sold on 27 Jul 2022 for £450,000. Since then, the value has decreased by £42,704, representing a 9.5% decrease, or approximately 2.8% per year.

The current estimated value of £407,296 is:

  • 12.8% lower than the average property price on Magnolia Avenue
  • 10.8% lower than the average in the CT9 3DS postcode area
  • and 49.3% higher than the average price for Margate as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 15 June 2018, the property was recorded as owner-occupied.

View sold house prices in CT9 3DS

Building approximate location

About Property

Type
Detached Bungalow
Built
1950-1966
Interior Size
1044 sq ft
Tenure
Freehold
Price (estimate)
£407,296
Price Per sq ft (estimate)
£390
Bedroom Count (estimate)
3 bedrooms

EPC Summary

2 Magnolia Avenue, Margate, Thanet, Kent, CT9 3DS has an Energy Performance Certificate (EPC) rating of E, based on the latest assessment carried out on 15 Jun 2018.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 8 Dec 2008. The rating of E is unchanged, though the energy efficiency score decreased by 18%.

Since the previous assessment, several changes were observed:

  • The roof construction or insulation changed from pitched, 100 mm loft insulation to pitched, no insulation (assumed), changing energy efficiency from average to very poor.
  • The wall construction or insulation changed from cavity wall, as built, partial insulation (assumed) to cavity wall, as built, no insulation (assumed), changing energy efficiency from average to poor.
  • The lighting was updated from low energy lighting in 50% of fixed outlets to low energy lighting in 38% of fixed outlets, with efficiency changing from good to average.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Roof
Pitched, no insulation (assumed)
Very Poor
Walls
Cavity wall, as built, no insulation (assumed)
Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 38% of fixed outlets
Average

Compared to CT9 3DS

4 th / 13
Price Rank
11% lower than average
5 th / 10
Size Rank
9% smaller than average
3 rd / 10
Price Per Sq FT Rank
2% lower than average

Compared to other properties in CT9 3DS , this bungalow's estimated value ranks 4th out of 13. Based on price per square foot, it ranks 3rd out of 10 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 5th out of 10 properties in its postcode area.

Sale History

Today
£407,296
streetscan.co.uk estimate
-9 %
27 Jul 2022
£450,000
Leasehold
+36.4 %
28 Feb 2019
£330,000
Leasehold
+46.7 %
28 Nov 2008
£225,000
Leasehold
+52.5 %
24 Oct 2001
£147,500
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 4
size: 958 sq ft
sale price: £340,000
sale date: 19 Mar 2018
rooms: 4
size: 1023 sq ft
sale price: £305,000
sale date: 12 Jun 2015
rooms: 3
size: 958 sq ft
sale price: £247,000
sale date: 11 Jul 2014
rooms: 4
size: 951 sq ft
sale price: £240,000
sale date: 27 Aug 2010
rooms: 4
size: 958 sq ft
sale price: £200,000
sale date: 6 Dec 2006

Data Sources

The property at 2 Magnolia Avenue, Margate, CT9 3DS appears four times in the Land Registry records, with the latest transaction recorded on 27 Jul 2022. It also has three Energy Performance Certificates (EPC) entries, the earliest dating back to 15 Jun 2018. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.