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Elfrida Close, Margate

South East

£215,000
Listed on 29/08/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terrace home, located in a quiet cul-de-sac, presents an excellent renovation opportunity for buyers seeking to customize their living space or capitalize on investment potential. While the property requires updates, its generous layout provides a solid foundation for transformation, appealing to both families and investors. The ground floor features a separate kitchen equipped with essential appliances and ample cabinetry, as well as a spacious L-shaped lounge/diner that opens onto the rear garden. This design offers flexibility in reimagining the living area, making it suitable for various lifestyle needs. Upstairs, you'll find three well-sized bedrooms—two of which are doubles—along with a family bathroom that can be modernized to enhance functionality. Outside, the property includes front and rear gardens. These outdoor spaces hold promise for further development or landscaping projects that could increase curb appeal and overall value. The home's location is another advantage, with local primary schools and essential amenities within easy reach. This accessibility makes it particularly attractive for families looking to settle in the area or for landlords aiming to attract tenants. With its blend of potential and practicality, this property is poised to be transformed into a desirable home or rental unit for years to come.

Investment Analysis

(CT9 area)
Area Average
£308/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
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

Elfrida Close, Margate
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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
£788
Based on a loan of £161,250 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