Margate

Area Guide For Margate

Margate is a seaport town in the community of Thanet in East Kent, England. It is 38.1 miles east-northeast of Maidstone, on the coast along the North Foreland, and includes  the areas of Cliftonville, Garlinge, Palm Bay and Westbrook. The town's legacy is tied closely to the sea and it has a memorable maritime tradition. Margate was a "limb" of Dover in the ancient confederation of the Cinque ports. It was added to the confederation in the 15th century. Margate has been a noted down as one of the best seaside resort for at least 250 years.

 
 

Margate Map

Estimated Price: £185,593
Average Asking Price: £185,218
Price change in last one year: £13,381
Average Price Paid: £153,960
Average Rent Rates: £753

 
 

Property Prices Breakdown in Margate

Average Price for property in Margate is around £185,593 which varies based on type of property you are interested in and ranges from £289,572 for detached house to around £214,437 for semi-detached. Similarly terraced house is around £165,020 and a flat is worth £110,952. Values have been changing and have risen £413 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £954 in last 6 months, £13,381 in last 1 year, £20,420 in last 2 years, £27,845 in last 3 years, £17,073 in last 4 years and £20,298 in last 5 years.

Currently average asking price of a property in Margate is around £185,218 based on approximately 729 properties for sale. Same is the case with rental options based on 155 properties up for rent, average asking rent is around £753 per month.

Estimated property value in Margate is £185,593. Average asking price is £185,218 while average price paid is £164,149 which is up by £13,381 and Avg. asking rent £753.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Margate area. In last 1 year alone average price buyer paid is around £164,149 based on approximately 729 sales in Margate area alone. If you compare it to last 3 years sales of 1,811 properties where buyers paid around £155,689. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £153,960 for 2,786 and average amount paid for purchase of approx. 3,881 properties sold in last 7 years comes to about £153,281 per sale.

 
 

Properties For Sale in Margate

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £91,778, £152,926 for a 2 bedroom house, £198,240 for a 3 bedroom house, £263,772 for a 4 bedroom house and £318,211 for a 5 bedroom house. For a flat similarly the prices varies from £77,230 for a single bedroom to £115,765 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £139,135, £165,000 for a 4 bedroom flat and £122,500 for a 5 bedroom flat. To sum up the asking prices for properties in Margate it comes to around average £80,181 for 1 bedroom property, £129,528 for 2 bedroom, £193,885 for 3 bedroom, £257,501 for 4 bedroom and £309,315 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £472 for 1 bedroom to £611 for 2 bedrooms, £678 for 3 bedrooms, £1,442 for 4 bedrooms and £1,625 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £432. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £527, £566 for 3 bedroom and £598 for 4 bedroom. You should be generally be expecting around average £433 rent per month for single bedroom property, £537 for 2 bedroom, £614 for 3 bedroom, £1,273 for 4 bedroom and approximately £1,625 for a 5 bedroom property in Margate area.

Popular Houses in Margate

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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