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Friends Avenue, Margate, CT9

South East

£315,000
Listed on 29/01/2026

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1194 sqft

Description

Nestled in a tranquil residential area of Margate, this spacious 3/4 bedroom semi-detached house on Friends Avenue presents an excellent opportunity for renovation and investment. The generous layout across two floors includes adaptable living spaces that can be tailored to meet a variety of family needs or work-from-home arrangements. The property boasts a private rear garden, perfect for entertaining or cultivating your green thumb. With nearby local amenities, schools, and just a short distance from the seafront, this home is well-placed for families and professionals alike. Upon entering, you are greeted by an inviting hallway that leads to a bright living room featuring a bay window. The rear kitchen/dining area offers ample space along with access to a conservatory that opens up to the garden—an area ripe for enhancement into a versatile space that suits modern living. Additionally, the ground floor includes a multi-functional room that could serve as an extra bedroom or office, complemented by a convenient WC. Upstairs are three well-sized bedrooms including a main bedroom with plenty of storage potential. The family bathroom is functional but offers opportunities for stylish updates to reflect personal taste. Outside, the driveway provides off-road parking while the mature back garden showcases scenic views and features an outbuilding with power—ideal for storage or converting into a creative workspace. This property holds significant potential for those willing to invest in upgrades and personalization.

Investment Analysis

(CT9 area)

Below Market Value

This property is priced -13.6% below area average per sq ft

-13.6%
Potential saving
This Property
£264/sq ft
Area Average
£305/sq ft
Avg Rent (weekly)
£255
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£400,850
10% above area average per sq ft
Potential ROI
+14.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CT9)

Area prices are falling by -2.1% over the last 12 months
3 year growth: -3.0%
5 year growth: +13.5%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,136
Based on a loan of £236,250 over 30 years at 4.06% 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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