No-one can deny that Margate, an idyllic seaside town in Kent, England, has developed into one of the hottest spots for those looking to call home, and investors alike. Known for its gorgeous beaches, cultural amenities and Victorian appeal, Margate provides a mix of seaside living and urban practicality. The most desirable type of property overall in Margate is the terrace house, with people looking for affordable character properties that are close to amenities.
Macro Overview of Margate’s Housing Market
General Trends
Over the years, Margate’s housing market has continued to thrive, establishing it as a popular property destination. The average house price in Margate in 2025 costs £305,577, with terrace houses being the most common property type costing an average of £308,645. These figures echo how significantly more affordable a terrace house is than its much larger semi-detached or detached cousins representing an opportunity for buyers to secure hopefully a more affordable foothold in an area that is defining internationally and using this as a stepping stone both up the street and the property ladder.
Historical Price Growth
Margate property prices have increased hugely over the years. The numbers show a 3% jump in house prices since 2022, exceeding levels recorded before the pandemic. In the last five years, the market has increased a whopping 30.06%, proving the area’s potential for long-term investments. The growth is driven by the popularity of Margate with first-time buyers, families and even commuters, who appreciate its good transport connections to London.
Terrace Houses in Margate
Definition and Features
A terrace house is a row of adjacent or attached houses where each house shares a wall with its neighbor. These properties are often characterized by compact designs and efficient use of space. The terrace houses often have charming Victorian or Edwardian style in Margate. Most of these homes are within the walkable distance of schools, mosaic, recreation, and public transport, making them friendly to families and working people.
You may also read (buy a house with bad)
- Some of the notable features of terrace houses in Margate are:
- Painted period features including bay windows and fireplaces.
Private courtyard or garden of some sort.
Proximity to the coast and cultural sites such as the Turner Contemporary gallery.
Price Range
The average cost for a terrace houses in Margate typically ranges from £270,000 to £340,000, although that depends on size, condition and location. For instance:
A renovated terrace house with modern interiors and sea views tends to fetch a premium.
A run-down property may go at the bottom of the scale, giving buyers the opportunity to put their own stamp on their home.
Example Listings:
Here’s a look at terrace house listings in Margate: | Property | Price | Key Features Mid-terrace on Durban Road | £280,000 | Near schools, needs light renovation | | Royal Crescent property | £330,000 | Sea views, recently renovated, Victorian style | | Westbrook Gardens home | £315,000 | Spacious rooms, short walk to Margate station
How the Prices for Terrace House Are Determined
The price of terrace houses for sale in Margate is influenced by a number of factors. Let’s break these down:
Location
Location is one of the most important factors in deciding a property’s price. This means average prices are elevated in prime locations such as Cliftonville or Westbrook, where residents see no shortage of access to the beach, cultural landmarks and transport links. Properties near Margate’s historic Old Town or mainline train stations are especially in demand.
Property Features
- Most importantly, the state of any terrace house will impact on its price. For instance:
- Houses that have been renovated with modern kitchens, bathrooms and energy-efficient upgrades generally demand more.
- Houses with sea views or on quiet, tree-lined streets usually fetch top dollar.
Market Trends
- Property prices are also affected by seasonal demand and market conditions. For example:
- Seasonal variations: Demand is generally highest in spring and summer months when buyers are more active.
- Plummeted transactions: Margate has had a fall of 20.95% in transaction numbers, which has assisted in stabilising prices.
What You NEED to Know About Buying a Terrace House in Margate
More Affordable Than Other Property Types
- Margate’s terrace houses tend to be cheaper than bigger homes. For comparison:
- It is also the cheapest option with flats costing on average £174,752.
- Semi-detached properties, at an average of £334,204, also top most terrace houses.
Investment Potential
Yet the terrace houses of Margate have shown strong returns on investment, buoyed by consistent price appreciation and demand. Excellent transport links to London (only 90 minutes by train) have made the town a hotspot for commuters looking to move to affordable housing outside the capital.
Lifestyle Advantages
- There are plenty of lifestyle advantages to living in Margate, which include:
- Close to the beach base, ideal for families and outdoor lovers.
- Access to top-rated schools and to cultural attractions such as the Dreamland amusement park.
- A robust arts and café scene that attracts young professionals.
- This Is What You Need To Know Before Buying Terrace Houses
Market Competition
Terrace houses in Margate are popular due to low prices and sought-after features. But this can create fierce competition between buyers, particularly in desirable areas, such as Cliftonville.
Price Negotiations
Negotiating on price is to be expected from the buyer. Asking price vs average sold price – average difference is £15,215 (-3%) quarter per year Properties are selling below their average asking price.
Time to Sell
It’s worth mentioning that properties in Margate generally take an average of 151 days to complete from listing, if you’re thinking of buying or selling. The time depends on the property’s condition and market demand.
Tips for Buyers
Research Local Areas
Take time to investigate Margate’s neighborhoods before buying. Streets such as Devonshire Gardens and Leicester Avenue are regarded as good investments and have strong resale values.
Work with Local Estate Agents
An experienced estate agent can make all the difference when it comes to negotiating Margates competitive housing market. Local experts can help you find a good deal and negotiate the best price.
Consider Renovation Costs
If you’re purchasing a property in need of repairs, include the cost of renovations. Updating kitchens, bathrooms, or energy systems can return cash on value to your home.
The Future for Terrace Houses in Margate
Predicted Market Trends
Margate’s property market will continue to grow, due to its appeal to commuters and the continuing development of local amenities. Affordable and charming, terrace houses will probably continue to be a top choice among buyers.
Influence of Regional Changes
Plans for better transport links and regeneration of the town centre are set to raise property values further. So this is a good time to invest in Margate’s housing market.
Conclusion
Margate has an excellent range of terrace houses, which provide a great mix of affordability, character and investment potential, making them a smart purchase for buyers and investors alike. Although challenges such as market competition and renovation costs may exist, the long-term benefits far eclipse the negatives. So, whether you’re after a dream seaside pad or a smart investment, Margate’s terrace houses will do the job.
You may also read (buy house in uk)
