40 Observatory Way, Ramsgate, CT12 6AZ is a leasehold flat built between 2007-2011. The property offers approximately 667 square feet of living space and is situated on the 2nd floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £150,756 , which equates to approximately £226 per square foot. It was last sold on 27 Jun 2014 for £98,000. Since then, the value has increased by £52,756, representing a 53.8% increase, or approximately 4.7% per year.

The current estimated value of £150,756 is:

  • 25.5% lower than the average property price on Observatory Way
  • 26.4% lower than the average in the CT12 6AZ postcode area
  • and 48.1% lower than the average price for Ramsgate as a whole

At the most recent EPC inspection on 28 June 2021, the property was recorded as rented.

View sold house prices in CT12 6AZ

Building approximate location

About Property

Type
Flat
Built
2007-2011
Interior Size
667 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£150,756
Price Per sq ft (estimate)
£226
Bedroom Count (estimate)
2 bedrooms

EPC Summary

40 Observatory Way, Ramsgate, Thanet, Kent, CT12 6AZ has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 28 Jun 2021.

This property uses electric underfloor heating as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 9 Jun 2011. The rating of C remains the same, but the energy efficiency score improved by 5.7%.

Since the previous assessment, several changes were observed:

  • The hot water system was changed from electric immersion, standard tariff to electric immersion, off-peak, with its energy efficiency improving from very poor to average.
  • The roof construction or insulation changed from average thermal transmittance 0.15 w/m?k to pitched, insulated (assumed), with no change in energy efficiency (good).
  • The wall construction or insulation changed from average thermal transmittance 0.26 w/m?k to timber frame, as built, insulated (assumed), changing energy efficiency from very good to good.
  • The windows were upgraded from high performance glazing to fully double glazed.
  • The lighting was updated from low energy lighting in 50% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from good to very good.
Heating Type
Electric underfloor heating
Very Poor
Hot Water
Electric immersion, off-peak
Average
Roof
Pitched, insulated (assumed)
Good
Walls
Timber frame, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to CT12 6AZ

16 th / 18
Price Rank
26% lower than average
15 th / 18
Size Rank
26% smaller than average
13 th / 18
Price Per Sq FT Rank
0% same as average

Compared to other properties in CT12 6AZ , this flat's estimated value ranks 16th out of 18. Based on price per square foot, it ranks 13th out of 18 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 15th out of 18 properties in its postcode area.

Sale History

Today
£150,756
streetscan.co.uk estimate
+54 %
27 Jun 2014
£98,000
Leasehold

Area Insights

Similar Properties Sold Nearby

5 Observatory Way, Ramsgate, CT12 6AZ
rooms: 3
size: 700 sq ft
sale price: £170,000
sale date: 11 Aug 2021
37 Observatory Way, Ramsgate, CT12 6AZ
rooms: 3
size: 646 sq ft
sale price: £98,000
sale date: 17 Oct 2014
41 Observatory Way, Ramsgate, CT12 6AZ
rooms: 3
size: 667 sq ft
sale price: £98,000
sale date: 25 Jun 2014

Data Sources

The property at 40 Observatory Way, Ramsgate, Thanet, Kent, CT12 6AZ appears once in the Land Registry records, with the transaction recorded on 27 Jun 2014. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 28 Jun 2021. 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.
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