Cobbs Place, Margate, CT9
FR

Cobbs Place, Margate, CT9

By Fresh Estates

£ 550,000

Reviews

3 out of 5 stars

Fresh Estates says ..

Fresh Estates are pleased to offer a variety of houses in this exciting brand new development in Margate Old Town.

Property Oracle says ..

The property is a newly built three-bedroom terraced house located in Margate Central, Thanet, Kent. The location benefits from being relatively close to several primary schools, all within a 1.5km radius, with at least one rated ‘Good’ by Ofsted. Margate railway station is also within reasonable proximity, offering links to other towns and cities. The proximity to the beach and the Turner Contemporary art gallery could be considered positive aspects for potential buyers seeking a seaside lifestyle and cultural amenities. However, further information about the immediate surroundings and local amenities would be needed to provide a fully comprehensive assessment of the location score.

The images show a modern property that appears to be in excellent condition, with contemporary fixtures and fittings. There is no visible evidence of wear and tear or the need for renovation. The property includes a small patio area, visible from the rear of the house.

The plot size is relatively small at 1,021.50 sqft. While this provides some outdoor space, it’s not extensive. More details about the garden would be helpful to give a more accurate assessment.

The list price of £550,000 is significantly higher than the average house price in the area (£274,587). However, the property is larger than average (1,191.56 sqft compared to the average of 690 sqft). While the average price per square foot in the area is £397, the price per square foot for this property is approximately £461. This is higher than the average, which may or may not be justified considering the property’s modern condition and desirable location. Further analysis of comparable properties in the immediate vicinity, particularly those with similar size and specifications, would be needed to provide a more robust assessment of value. The provided nearby listings do not include sqft data, making direct comparison difficult.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
10
Location
7
Land
4
Bedrooms
3
Bathrooms
3
Sqft (est)
1,191.56
Lot (est)
1,021.50

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
302,454.00 £
Increased by 12.94 %
from 267,806.00 £
Est sale value
761,406.84 £
Increased by 208.70 %
from 246,652.92 £
Average area rental value
976.00 £/mo
Decreased by 10.62 %
from 1,092.00 £/mo
Est letting value
2,383.12 £/mo
from 0.00 £/mo
Est rental Yield
3.87 %
Decreased by 20.86 %
from 4.89 %
Crime Rate
31.00 %
Unchanged by 0.00 %
from 31.00 %

Agent Activity

  • Fresh Estates created the listing.

Nearby Schools

NameTypeOfstedDistance
Margate, Holy Trinity And St John'S Church Of England Primary SchoolVoluntary Controlled SchoolGood0.56 KM
Six Bells Children'S CentreChildren's Centre0.69 KM
Salmestone Primary SchoolAcademy Sponsor LedGood1.33 KM
Cliftonville Children'S CentreChildren's Centre1.36 KM
Lighthouse SchoolOther Independent Special SchoolGood1.46 KM

Images

Photo 8 Photo 11 Photo 10 Photo 3 Photo 6 Photo 5 Photo 7 Photo 4 Photo 13 Photo 14 Photo 8 Photo 12 Photo 9 Photo 7 Photo 1 Photo 2

Nearby Streets

NameAverage PriceAverage SqftDistance
Fountain Inn Court £ 300,00000.00 KM
Holiday Square £ 000.00 KM
Dane Hill Grove £ 000.00 KM
Covell's Row £ 000.00 KM
Gallery Walk £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Margate5018MAR1.35 KM
Westgate-On-Sea5195WGA5.05 KM
Ramsgate5023RAM6.09 KM
Broadstairs5006BSR6.48 KM
Dumpton Park5034DMP6.86 KM

Nearby Listings

AddressPriceTypeScoreDistance
Cobbs Place, Margate, CT9 £ 550,000BUY5 / 100.00 KM
Cobbs Place, Margate, CT9 £ 50,000BUYUnknown0.03 KM
Cobb Court, King Street, Margate £ 500,000BUY6 / 100.03 KM
King Street, Margate, CT9 £ 150,000BUY5 / 100.04 KM
King Street, Margate, CT9 £ 575,000BUY8 / 100.06 KM

Nearby Properties

AddressPriceDistance
1 Alkali Row £ 138,0000.04 KM
2 Alkali Row £ 71,5000.04 KM
1 Fort Mount £ 327,0000.07 KM
15 King Street £ 216,5000.07 KM
25a King Street £ 315,0000.07 KM