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Friends Avenue, Margate, CT9

South East

£320,000
Listed on 13/10/2025

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1194 sqft

Description

This semi-detached home on a tranquil residential street in Margate presents an opportunity for both families and investors looking for a property with potential. With four bedrooms, the layout offers versatile living space across two floors, allowing for customization to fit various lifestyle needs. Entering the home, you are greeted by a spacious hallway that flows into a bright living room enhanced by a bay window, creating an inviting atmosphere. The ground floor features a kitchen and dining area equipped with ample cabinetry, leading into a conservatory that provides additional living space and direct access to the rear garden. This conservatory is ideal for entertaining or can be transformed into a relaxing retreat. Another notable feature of the ground floor is the adaptable multi-purpose room, which can serve as either an extra bedroom or workspace—making it appealing for those who require flexibility in their home environment. A convenient cloakroom adds practicality to this level. On the first floor, three well-sized bedrooms await, including a generously proportioned main bedroom with enough space for necessary furnishings. The second double bedroom has built-in wardrobes and overlooks the rear garden, while the third bedroom is suitable for various uses such as a child’s room or study. The bathroom features traditional fixtures but is ripe for modernization to align with personal preferences. Outside, the property showcases off-road parking at the front alongside a rear garden that stands out due to its mature landscaping and scenic views over open greenery. This outdoor space includes a patio area perfect for gatherings or relaxation and comes with an outbuilding that offers power supply—ideal for storage or as a workshop. The location of this property is equally advantageous; nestled in a sought-after area of Margate close to schools, shops, and public transport options. Residents benefit from easy access to local amenities while being just minutes away from Margate’s vibrant beachfront and cultural attractions like the Turner Contemporary. The proximity to Hartsdown Park and nearby towns such as Broadstairs enhances its appeal for families and commuters alike. Overall, this property not only offers comfortable living but also significant renovation potential, making it an attractive prospect for those looking to invest or create their dream family home.

Investment Analysis

(CT9 area)

Below Market Value

This property is priced -13.0% below area average per sq ft

-13.0%
Potential saving
This Property
£268/sq ft
Area Average
£308/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£404,593
10% above area average per sq ft
Potential ROI
+12.4%
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

Friends Avenue, 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
£1,172
Based on a loan of £240,000 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