Why is property in margate so cheap to buy?

SouthCoast

You should have been on the Apprentice when both teams had the task of trying to rebrand Margate. Howard's team tried to project it as a gay-scene.

I watched that!

Don't think that they can compete with Brighton.

fc123

SouthCoast wrote: »

I watched that!

Don't think that they can compete with Brighton.

...but if others like me go to too it will change in time.

We got priced out of Brighton after 11 years....mind you, best thing that ever happened to us as the new business model wipes the floor with the old one but it won't last for ever.

My studio was on Brick Lane from 02 to 05 and I saw the changes there.

I haven't decided what I would do down there yet but fancy a large house to use as studio and workspace as sq footage is so cheap for the SE. Or may be just for the weekends. I dunno. It's just a dream at the moment and may never happen.

I love West Bay as used to take the kids down there for day trips many years ago.

fc123

jenner wrote: »

the problem with it, wont be the place itself, but the fact of where it is. if margate is going to pick up, it needs to present itself as a clean, fun, bucket and spade place with lots of child friendly, family focused places to eat, shop, rest and play

the turner centre is a bit of a posh thing to my mind, sat in the middle of a town where there are tatty boarded up shop fronts, nasty 70s arcades, a seedy feel and greasy spoons

Brighton was in the dumps 20 years ago. When we opened there in 98, it was ticking over and bubbling up but wasn't anything like as busy as now.

I can see Margate evolving into a more adult centred resort.

fc123

SouthCoast wrote: »

I watched that!

Don't think that they can compete with Brighton.

Oooops I keep thinking of things and I really need to go to sleep...

...the only things they have in common is that they are by the sea.

Areas evolve sometimes quite organically....for various reasons like being cheap or whatever. If there are changes in the next 10 years over LHA, HMO's and so on (from central Govt), then the town will change.
Also the rise of home gaming equipt. online gambling etc could make the old arcades become redundant in 10years time.

The one thing that won't change is the beach which is lovely.

I wonder who owns all the seafront property?

Running_Horse

fc123 wrote: »

I wonder who owns all the seafront property?

You mean the seafront property that keeps mysteriously burning down? The same owner as seafront properties in other areas that keep burning down? Must be one unlucky man.

rosalie-lavender

Deleted_User wrote: »

Sorry to put a dampener on all the pro-Margate people on here, but I think it's quite clear why it's so cheap to live there.

When I was a kid I used to go to Ramsgate/Margate/Broadstairs/Reculver on holiday and had a great time, but recently I had the chance to revisit and wishes I hadn't...what a sorry place...not the town I used to love as a child.

The town centre appears full of charity shops, bookmakers and pound stores, with most other shops boarded up or closing down. The seafront is run down, with the Dreamland park now burned down. It's remote...and business appears to have deserted the town now that cheap flights allow people to holiday overseas.

I'm sure Margate does have some good qualities, but Thanet and the neigbouring areas are becoming increasingly deprived as tourism fades - the town is pretty grotty and just not very nice at all.

That said, I'm not being rude for the sake of it - I used to love Margate and wish things would turn around, but it's just another example of a seaside town going to ruin.

Sadly I have to agree with most of this. I was born and brought up in Margate and it was a wonderful place to live both as a child and as a teenager. The last time I went back though, I was horrified at how run down it had all become. Many of the shops were boarded up, the toilets I used were filthy and it looked generally tatty and uncared for. One thing that I have a vivid memory of was the overpowering stench coming from the sea near the harbour. When I mentioned it to my Mum who still lives nearby she said it was the seaweed that had been left to rot instead of being cleared up. I really hope I was unlucky and that the poor residents don't have to live with that smell too often.

I would never go back there to live now but I do agree with other people that have said not to dismiss Thanet as an area, Broadstairs is still lovely and Ramsgate still has a lot to offer. I would not consider it a viable daily commute to London though unless you want to spend a large amount of your time on trains and stations. It takes us long enough to get to London from North Kent, I wouldn't want to do it on a dialy basis from Margate.

Becks045

I grew up in Margate and have to admit the beaches are beautiful and one of the best assets of the area. However it really isn't great now.

We own a number of properties in the area which we rent out and have nothing but problems with tenants mainly due to the type of people in the area.

The area has been promised a makeover and regneration for years but the Council are so useless I see little change at all. The high street is almost all boarded up and the seafront is a disgrace.

There are little employment opportunities and whilst I recgonise you can commute to London it is a long journey to basically at the end of the day return to a dump.

If you do consider buying in the area, don't touch Cliftonville as its full of old hotels converted into bedsits with DSS and not a nice area. Margate old town has been hyped up owing to the Turner Gallery which is bound to be a white elephant. The old town of Margate is ok but limited parking if you do buy there. The main town of Margate, don't touch, its not nice.

Westbrook, Westgate and Broadstairs are the best areas in my opinion.

fc123

Running_Horse wrote: »

You mean the seafront property that keeps mysteriously burning down? The same owner as seafront properties in other areas that keep burning down? Must be one unlucky man.

DS an I were chatting on another thread about Margate after Hotel Rescue prog and I hinted at the ownership of all that prime seafront stuff.
The word get's bleeped out by MSE for some reason. It begins with M.

Surely they must be getting on a bit now or have the sons taking over ownership? Perhaps there will be an all out war and they will all just destroy each other?

puddy

eh? i dont get it, is it someone famous,,,should i know about them?

fc123

jenner wrote: »

eh? i dont get it, is it someone famous,,,should i know about them?

No...just a type of people.