Flat 14, Homefern House Cobbs Place, Margate, CT9 1JE is a leasehold flat built between 1983-1990. The property offers approximately 452 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £54,951 , which equates to approximately £122 per square foot. It was last sold on 24 May 2022 for £58,000. Since then, the value has decreased by £3,049, representing a 5.3% decrease, or approximately 1.5% per year.

The current estimated value of £54,951 is:

  • 44.0% lower than the average property price on Cobbs Place
  • 36.4% lower than the average in the CT9 1JE postcode area
  • and 80.5% lower 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 3 June 2021, the property was recorded as owner-occupied.

View sold house prices in CT9 1JE

Building approximate location

About Property

Type
Flat
Built
1983-1990
Interior Size
452 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£54,951
Price Per sq ft (estimate)
£122
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 14, Homefern House Cobbs Place, Margate, Thanet, Kent, CT9 1JE has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 3 Jun 2021.

This property uses electric storage heaters as its main heating source. Electric instantaneous heaters at the point of use are used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 25 Jun 2010. The rating of C remains the same, but the energy efficiency score improved by 1.4%.

Since the previous assessment, several changes were observed:

  • The hot water system changed from electric immersion, off-peak to electric instantaneous at point of use, with no change in energy efficiency (very poor).
  • The lighting was updated from low energy lighting in 17% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from poor to very good.
Heating Type
Electric storage heaters
Poor
Hot Water
Electric instantaneous at point of use
Very Poor
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 CT9 1JE

19 th / 29
Price Rank
36% lower than average
6 th / 23
Size Rank
1% smaller than average
16 th / 23
Price Per Sq FT Rank
36% lower than average

Compared to other properties in CT9 1JE , this flat's estimated value ranks 19th out of 29. Based on price per square foot, it ranks 16th out of 23 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 6th out of 23 properties in its postcode area.

Sale History

Today
£54,951
streetscan.co.uk estimate
-5 %
24 May 2022
£58,000
Leasehold
+18.4 %
31 Jul 2014
£49,000
Leasehold
+3.2 %
1 Feb 2012
£47,500
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 420 sq ft
sale price: £63,000
sale date: 6 Oct 2023
rooms: 2
size: 420 sq ft
sale price: £55,000
sale date: 25 Aug 2023
rooms: 2
size: 398 sq ft
sale price: £64,000
sale date: 18 Jul 2023
rooms: 2
size: 463 sq ft
sale price: £56,000
sale date: 30 Nov 2022
rooms: 2
size: 431 sq ft
sale price: £60,000
sale date: 28 Nov 2022

Data Sources

The property at Flat 14, Homefern House Cobbs Place, Margate, CT9 1JE appears three times in the Land Registry records, with the latest transaction recorded on 24 May 2022. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 3 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.