Purplebricks says ..

Property Oracle says ..

This property, a large terraced house on Edgar Road in Margate’s Cliftonville West, presents a mixed bag. The substantial number of bedrooms (13) is undoubtedly attractive to investors, possibly for student accommodation or a buy-to-let opportunity, as advertised. The proximity to the seaside, schools (several ‘Good’ rated options within a short distance) and transport links (Margate train station) are definite plus points. However, a thorough review of the property’s condition reveals a significant need for modernization and refurbishment. The interior images show outdated decor, some apparent wear and tear, and require significant updating. The small rear garden, though present, is not a prominent feature. Crucially, the price point of £725,000 may be ambitious given the necessary renovations. While the sheer number of bedrooms might justify a higher price for an investor seeking a rental property, the overall condition and modest garden would likely require significant investment before the property could be considered well-maintained or fully upgraded. Potential buyers should carefully weigh the potential return on investment against the significant upfront costs involved in bringing this property up to a high standard. The property has several positives, but these are likely overshadowed by its condition and list price.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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