McHugh & Co says ..

Property Oracle says ..

This 2-bedroom flat in Margate is listed at £70,000. The property is located on Northumberland Avenue in the Cliftonville East area, which benefits from being close to several primary schools including Cliftonville Primary School (Outstanding Ofsted rating) and St Anthony’s School (Good Ofsted rating), both within a kilometer. The area also has good transport links with several Southeastern train stations within a reasonable distance. The flat itself appears to be in need of some modernisation, with some cosmetic updates required. The images show that the walls and flooring are in need of updating. The kitchen and bathroom are functional but dated. There is no mention of outdoor space. Compared to the average price per sqft in the area (£404), this property is significantly lower. However, the need for modernisation must be factored into the valuation. Nearby comparable properties are a mix of flats and houses, with prices ranging from £68,000 to £490,000. The significant price difference is likely due to the property type and condition. The lack of information on plot size makes it difficult to fully assess the land value. The list price is considerably below the average house price in the area, but this is expected given the size, type, and condition of the property.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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