eXp UK says ..
PLEASE QUOTE REFERENCE RP1132 Studio Apartment, High Street, Margate – £50,000 - £60,000 Historic Building in the Heart of Margate | Eighth-Floor Studio | Strong Investment Potential Set in the heart of Margate, this eighth-floor studio flat forms p...
Property Oracle says ..
This studio apartment is located on the High Street in Margate, a town in Thanet, Kent. The property is in need of modernisation, as seen in the provided images. While the location is convenient due to its proximity to the High Street and local amenities, the lack of plot size and the overall condition of the property are significant drawbacks. The list price of £50,000 is significantly lower than the average property price in the area (£274,587), which may reflect its condition and size. However, without knowing the square footage, a definitive assessment of its value cannot be made. Nearby properties show a range of prices, indicating variability in the market. The presence of several schools within a short distance suggests a family-friendly area. Transport links via Southeastern trains are also nearby.
Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 4
- Condition
- 3
- Location
- 7
- Land
- 1
- Bedrooms
- 0
- Bathrooms
- 1
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
- 23.00 %Unchanged by 0.00 %
Agent Activity
eXp UK created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Six Bells Children'S Centre | Children's Centre | 0.07 KM | |
| Margate, Holy Trinity And St John'S Church Of England Primary School | Voluntary Controlled School | Good | 0.34 KM |
| Salmestone Primary School | Academy Sponsor Led | Good | 0.63 KM |
| St Gregory'S Catholic Primary School, Margate | Academy Converter | Good | 0.96 KM |
| Drapers Mills Primary Academy | Academy Sponsor Led | Good | 1.37 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Covell's Row | £ 0 | 0 | 0.00 KM |
| Alexandra Terrace | £ 0 | 0 | 0.00 KM |
| Church Street | £ 0 | 0 | 0.00 KM |
| Hall by the Sea Road | £ 0 | 0 | 0.00 KM |
| Shakespeare Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Margate | 5018 | MAR | 1.15 KM |
| Westgate-On-Sea | 5195 | WGA | 4.87 KM |
| Ramsgate | 5023 | RAM | 5.51 KM |
| Broadstairs | 5006 | BSR | 6.24 KM |
| Dumpton Park | 5034 | DMP | 6.44 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| High Street, Margate, CT9 1JZ | £ 50,000 | BUY | 3 / 10 | 0.00 KM |
| High Street, Margate, Kent, CT9 | £ 335,000 | BUY | 6 / 10 | 0.00 KM |
| High Street, Margate, Kent, CT9 | £ 140,000 | BUY | 5 / 10 | 0.04 KM |
| Grosvenor Place, Margate | £ 625,000 | BUY | 8 / 10 | 0.09 KM |
| Grosvenor Place, Margate, Kent | £ 112,500 | BUY | Unknown | 0.09 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 180 High Street | £ 160,000 | 0.00 KM |
| 198 High Street | £ 192,500 | 0.00 KM |
| 206 High Street | £ 90,000 | 0.01 KM |
| 194 High Street | £ 138,000 | 0.01 KM |
| 208 High Street | £ 160,000 | 0.01 KM |