Flat 85, Homefern House Cobbs Place, Margate, CT9 1JF is a leasehold flat built between 1991-1995. The property offers approximately 506 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 £122,621 , which equates to approximately £242 per square foot. It was last sold on 16 Apr 1998 for £23,000. Since then, the value has increased by £99,621, representing a 433.1% increase, or approximately 15.7% per year.

The current estimated value of £122,621 is:

  • 24.9% higher than the average property price on Cobbs Place
  • 38.8% higher than the average in the CT9 1JF postcode area
  • and 56.5% lower than the average price for Margate as a whole

Based on EPC inspection history, this property has been mostly owner-occupied (3 out of 4 inspections). 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 24 October 2022, the property was recorded as owner-occupied.

View sold house prices in CT9 1JF

Building approximate location

About Property

Type
Flat
Built
1991-1995
Interior Size
506 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£122,621
Price Per sq ft (estimate)
£242
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 85, Homefern House Cobbs Place, Margate, Thanet, Kent, CT9 1JF has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 24 Oct 2022.

This property uses electric storage 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 27 Sep 2022, when the property was rated D. Since then, the rating has improved to C, with the energy efficiency score increasing by 7.5%.

Since the previous assessment, several changes were observed:

  • The hot water energy efficiency improving from very poor to average, while the system remained as electric immersion, off-peak.
Heating Type
Electric storage heaters
Average
Hot Water
Electric immersion, off-peak
Average
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to CT9 1JF

24 th / 54
Price Rank
39% higher than average
4 th / 48
Size Rank
15% bigger than average
32 nd / 48
Price Per Sq FT Rank
20% higher than average

Compared to other properties in CT9 1JF , this flat's estimated value ranks 24th out of 54. Based on price per square foot, it ranks 32th out of 48 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 4th out of 48 properties in its postcode area.

Sale History

Today
£122,621
streetscan.co.uk estimate
+433 %
16 Apr 1998
£23,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 431 sq ft
sale price: £64,000
sale date: 19 Oct 2023
rooms: 2
size: 431 sq ft
sale price: £64,000
sale date: 2 Aug 2023
rooms: 2
size: 452 sq ft
sale price: £70,000
sale date: 10 Jul 2023
rooms: 2
size: 441 sq ft
sale price: £48,000
sale date: 28 Nov 2022
rooms: 2
size: 441 sq ft
sale price: £63,000
sale date: 31 Oct 2022

Data Sources

The property at Flat 85, Homefern House Cobbs Place, Margate, Thanet, Kent, CT9 1JF appears once in the Land Registry records, with the transaction recorded on 16 Apr 1998. It also has four Energy Performance Certificates (EPC) entries, the earliest dating back to 24 Oct 2022. 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.