Why is property in margate so cheap to buy?

robmcdougal90

Can anyone give me reasons why property in margate is so cheap?

jonewer

Because theres no jobs and its a dump?

gmang

jonewer wrote: »

Because theres no jobs and its a dump?

:rotfl::rotfl::rotfl:

robmcdougal90

i have a job in london and could commute so thats not a problem, why a dump?

Trollfever

Margate must be a property hotspot as I have seen several fire damaged properties go through the auctions.

From £20,000 4 bedroom terraced house for sale


http://www.rightmove.co.uk/property-for-sale/property-29032367.html

Blackpool_Saver

down to margate....................

robmcdougal90

I just cant understand why it is so cheap all i can think is its not very good for commuting.

Sagz_2

Go have a look.... you'll soon see why it's so cheap.

Make sure your vaccinations are up to date before you visit and keep the car moving or the wheels will vanish.

Jowo_2

I remember the National Front marching through it.

PasturesNew

Trollfever wrote: »

Margate must be a property hotspot as I have seen several fire damaged properties go through the auctions.

From £20,000 4 bedroom terraced house for sale


http://www.rightmove.co.uk/property-for-sale/property-29032367.html

That one last sold at auction for £120,000 in November 2007. http://www.houseprices.co.uk/e.php?q=58+grosvenor+place+margate&n=10

I found the fire pics. Here it is going on, in 2009. http://www.kentonline.co.uk/kentonline/news/2009/july/2/dramatic_pictures_of_inferno.aspx

Ah, it was arson/murder. Two 18-year old boys died in there. http://news.bbc.co.uk/1/hi/england/kent/3502054.stm

robmcdougal90

fair enough thanks for input may have saved me a weekend away