Flat 16, 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 £63,614 , which equates to approximately £141 per square foot. It was last sold on 16 Dec 2019 for £55,000. Since then, the value has increased by £8,614, representing a 15.7% increase, or approximately 2.6% per year.

The current estimated value of £63,614 is:

  • 35.2% lower than the average property price on Cobbs Place
  • 26.4% lower than the average in the CT9 1JE postcode area
  • and 77.5% 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 19 June 2023, 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)
£63,614
Price Per sq ft (estimate)
£141
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 16, 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 19 Jun 2023.

This property uses electric room heaters 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 25 Jun 2013, and the property received the same rating of C with an unchanged energy efficiency score of 74.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from electric storage heaters to room heaters, electric, changing energy efficiency from poor to very poor.
  • The hot water energy efficiency changing from average to poor, while the system remained as electric immersion, off-peak.
  • The lighting was updated from low energy lighting in 20% of fixed outlets to low energy lighting in 83% of fixed outlets, with efficiency improving from poor to very good.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, off-peak
Poor
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 83% of fixed outlets
Very Good

Compared to CT9 1JE

11 th / 29
Price Rank
26% lower than average
7 th / 23
Size Rank
1% smaller than average
9 th / 23
Price Per Sq FT Rank
25% lower than average

Compared to other properties in CT9 1JE , this flat's estimated value ranks 11th out of 29. Based on price per square foot, it ranks 9th out of 23 properties. In terms of size, this home ranks 7th out of 23 properties in its postcode area.

Sale History

Today
£63,614
streetscan.co.uk estimate
+16 %
16 Dec 2019
£55,000
Leasehold
+12.2 %
16 Aug 2013
£49,000
Leasehold
-22.8 %
27 Nov 2003
£63,500
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 16, Homefern House Cobbs Place, Margate, CT9 1JE appears three times in the Land Registry records, with the latest transaction recorded on 16 Dec 2019. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 19 Jun 2023. 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.