Grotto Road, Margate, Kent, CT9
South East
£230,000
Listed on 21/10/2026
Listed on 21/10/2026
The listing
Property details
Bedrooms
2Type
Terraced HouseArea
818 sqftFeatures
- Garden
Description
This chain-free two-bedroom mid-terrace house is arranged over three levels and offers a layout that differs from a conventional two-storey terrace. The ground floor provides a main living area, with the kitchen and bathroom arranged across the other levels. The accommodation is described as offering scope for a buyer to update it to their own requirements.
The property is on Grotto Road, within reach of Margate town centre, local amenities and transport links. The seafront, beaches and Old Town are also accessible. Margate has rail connections to London and road links via the A299 and M2. The property has an EPC rating of C.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
61out of 100
Grade CPotential opportunity
Confidence: MEDIUM
At £230,000, this is priced below the local average at £281/sq ft versus £306/sq ft, giving buyers a relatively keen entry point in central Margate. The three-storey layout is a distinctive feature, and the living spaces and bedrooms appear usable, so the £5,500–£15,000 renovation range points to a light, manageable refresh rather than a wholesale project.
There is scope to update the dated bathroom finishes and make the established rear garden and raised deck work harder. The kitchen appears older but serviceable; overall, this is a practical canvas for someone wanting to add their own style while retaining the home's usable spaces.
Key opportunities
- Use the distinctive three-storey layout to shape a flexible two-bedroom home.
- Refresh the dated bathroom finishes and older decorative details.
- Improve the established garden and raised deck with routine upkeep and considered outdoor improvements.
Key risks
- Inspect the raised deck, steps and boundary fencing for condition and any repair needs.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£869
Based on a loan of £172,500 over 30 years at 4.45% interest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Pricing
Price history
-8.0% since listed
£230,000£20,000(-8.0%)
20/10/2026£250,000Initial listing
21/08/2026Services
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