5 Observatory Way, Ramsgate, CT12 6AZ is a leasehold flat built between 2007-2011. The property offers approximately 700 square feet of living space and is situated on the 3rd floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £163,739 , which equates to approximately £234 per square foot. It was last sold on 11 Aug 2021 for £170,000. Since then, the value has decreased by £6,261, representing a 3.7% decrease, or approximately 0.8% per year.

The current estimated value of £163,739 is:

  • 19.1% lower than the average property price on Observatory Way
  • 20.1% lower than the average in the CT12 6AZ postcode area
  • and 43.7% lower than the average price for Ramsgate as a whole

At the most recent EPC inspection on 24 March 2021, the property was recorded as owner-occupied.

View sold house prices in CT12 6AZ

Building approximate location

About Property

Type
Flat
Built
2007-2011
Interior Size
700 sq ft
Tenure
Leasehold
Floor level
3rd floor
Price (estimate)
£163,739
Price Per sq ft (estimate)
£234
Bedroom Count (estimate)
2 bedrooms

EPC Summary

5 Observatory Way, Ramsgate, Thanet, Kent, CT12 6AZ has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 24 Mar 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 22 Apr 2009. The rating of D is unchanged, though the energy efficiency score decreased by 7.8%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from sap05:main-heating to electric underfloor heating, improving energy efficiency from n/a to very poor.
  • The hot water system was changed from sap05:hot-water to electric immersion, off-peak, with its energy efficiency improving from n/a to average.
  • The roof construction or insulation changed from average thermal transmittance 0.13 w/m²k to pitched, insulated (assumed), changing energy efficiency from very good to good.
  • The wall construction or insulation changed from average thermal transmittance 0.21 w/m²k to cavity wall, as built, insulated (assumed), changing energy efficiency from very good to good.
Heating Type
Electric underfloor heating
Very Poor
Hot Water
Electric immersion, off-peak
Average
Roof
Pitched, insulated (assumed)
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to CT12 6AZ

8 th / 18
Price Rank
20% lower than average
14 th / 18
Size Rank
23% smaller than average
2 nd / 18
Price Per Sq FT Rank
3% higher than average

Compared to other properties in CT12 6AZ , this flat's estimated value ranks 8th out of 18. Based on price per square foot, it ranks 2nd out of 18 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 14th out of 18 properties in its postcode area.

Sale History

Today
£163,739
streetscan.co.uk estimate
-4 %
11 Aug 2021
£170,000
Leasehold
+13.3 %
19 Dec 2018
£150,000
Leasehold
+18.1 %
17 Feb 2015
£127,000
Leasehold
-2.3 %
30 Jun 2009
£130,000
Leasehold

Area Insights

Similar Properties Sold Nearby

35 Observatory Way, Ramsgate, CT12 6AZ
rooms: 3
size: 797 sq ft
sale price: £168,000
sale date: 6 May 2022
4 Observatory Way, Ramsgate, CT12 6AZ
rooms: 3
size: 775 sq ft
sale price: £150,000
sale date: 20 Sep 2019
37 Observatory Way, Ramsgate, CT12 6AZ
rooms: 3
size: 646 sq ft
sale price: £98,000
sale date: 17 Oct 2014
40 Observatory Way, Ramsgate, CT12 6AZ
rooms: 3
size: 667 sq ft
sale price: £98,000
sale date: 27 Jun 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 5 Observatory Way, Ramsgate, CT12 6AZ appears four times in the Land Registry records, with the latest transaction recorded on 11 Aug 2021. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 24 Mar 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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