Oakwood Homes says ..
INVESTMENT OPPORTUNITY 3 ONE BEDROOM FLATS CURRENTLY BRINGING IN AN ANNUAL RENT OF £22,800 ALONG WITH THE FREEHOLD OF THE BUILDING. Located in Princes Crescent close to the Old Town and the sea front with long standing tenants in situ, this fairly modern low maintenance block contains 4 flats in...
Property Oracle says ..
This property in Margate, Kent, presents a mixed bag. The central location offers convenient access to shops, transport (Margate station is relatively close), and at least one good primary school. The proximity to the seafront is an undeniable asset for many buyers. However, the provided images indicate that the property is dated, requiring significant internal modernization. The kitchen and bathroom seem to be in functional but old condition, while the flooring and walls suggest a need for cosmetic upgrades and general refurbishment. The lack of information on the square footage is a significant drawback, hindering a thorough assessment of the property’s value. While other properties listed nearby provide a general sense of pricing, the absence of comparable data regarding square footage and property specifics makes it tough to accurately judge the 350,000 GBP list price. Without knowing the internal layout and actual size, potential buyers should proceed with a thorough survey before making a decision. There is also no information about outdoor space. The location is a definite positive, offsetting some of the concerns about the state of the property. Prospective buyers should carefully weigh the costs of renovation against the property’s location and potential to increase value.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 7
- Land
- 1
- Bedrooms
- 1
- Bathrooms
- 0
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 %
- Average area rental value
- 976.00 £/moDecreased by 10.62 %
- Est rental Yield
- 3.87 %Decreased by 20.86 %
- Crime Rate
- 14.00 %Unchanged by 0.00 %
Agent Activity
Oakwood Homes created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Margate, Holy Trinity And St John'S Church Of England Primary School | Voluntary Controlled School | Good | 0.09 KM |
| Six Bells Children'S Centre | Children's Centre | 0.19 KM | |
| Salmestone Primary School | Academy Sponsor Led | Good | 0.80 KM |
| St Gregory'S Catholic Primary School, Margate | Academy Converter | Good | 1.15 KM |
| Drapers Mills Primary Academy | Academy Sponsor Led | Good | 1.23 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Church Street | £ 0 | 0 | 0.00 KM |
| Shakespeare Road | £ 0 | 0 | 0.00 KM |
| Covell's Row | £ 0 | 0 | 0.00 KM |
| Homestead Close | £ 0 | 0 | 0.00 KM |
| Alexandra Terrace | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Margate | 5018 | MAR | 1.36 KM |
| Westgate-On-Sea | 5195 | WGA | 5.09 KM |
| Ramsgate | 5023 | RAM | 5.51 KM |
| Broadstairs | 5006 | BSR | 6.09 KM |
| Dumpton Park | 5034 | DMP | 6.36 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| William House, 21 Princes Crescent, Margate, Kent, CT9 | £ 350,000 | BUY | 6 / 10 | 0.00 KM |
| Princes Crescent, Margate | £ 350,000 | BUY | 5 / 10 | 0.00 KM |
| 5 St Johns Road, Margate | £ 100,000 | BUY | Unknown | 0.02 KM |
| St. Johns Road, Margate, CT9 | £ 220,000 | BUY | 6 / 10 | 0.03 KM |
| St. Johns Road, Margate, CT9 | £ 280,000 | BUY | 6 / 10 | 0.03 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 21 St Johns Road | £ 230,000 | 0.02 KM |
| 30 St Johns Road | £ 207,000 | 0.02 KM |
| 32 St Johns Road | £ 165,000 | 0.03 KM |
| 21 Charlotte Square | £ 182,000 | 0.05 KM |
| 27 Charlotte Square | £ 220,000 | 0.05 KM |