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College Road, Margate, CT9

South East

£275,000
Listed on 26/06/2024

Property Details

Bedrooms
4
Type
Terraced house
Area
1367 sqft

Description

This Victorian mid-terrace property presents a promising opportunity for those looking to invest in a renovation project or create a personalized family home. With four bedrooms, the layout offers considerable space and flexibility that can be tailored to fit modern living needs. The ground floor features a light-filled lounge, enhanced by a charming bay window, which serves as an inviting focal point for relaxation. Adjacent to it is a spacious kitchen that comfortably accommodates a dining table, providing an excellent area for family gatherings. An additional reception room on this level adds versatility; whether used as a dining space, utility room, or reconfigured to merge with the kitchen, this area opens up numerous possibilities for contemporary family life. Ascending to the upper floors, you will find three well-proportioned double bedrooms alongside a practical single bedroom that could serve as a home office or nursery. The sizable family bathroom is equipped with a walk-in shower, catering to everyday needs while also allowing for potential upgrades in line with personal style preferences. Outdoor space is equally appealing, featuring a garden imbued with tranquility thanks to established plants and trees. This private retreat offers an ideal setting for relaxation after a busy day or an opportunity to cultivate your own green oasis. Situated in an area known for its community feel and proximity to local amenities, this property not only has inherent charm but also significant investment potential through renovation and personalization. Whether you are seeking to make it your own or capitalize on the rental market, this home stands ready for transformation into something special.

Investment Analysis

(CT9 area)

Below Market Value

This property is priced -34.7% below area average per sq ft

-34.7%
Potential saving
This Property
£201/sq ft
Area Average
£308/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£463,215
10% above area average per sq ft
Potential ROI
+38.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (CT9)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -0.5%
5 year growth: 19.2%
Investment Disclaimer: Analysis based on CT9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

College Road, Margate, CT9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,007
Based on a loan of £206,250 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE