Margate – Buyers Snap Up Homes Six Weeks Faster Than UK Average

A street in Margate, Kent, has become one of the fastest-selling locations in Britain, with homes being snapped up six weeks quicker than the national average.

Westbrook Gardens Leads the Boom

Westbrook Gardens, just steps from the beach and boasting sea views, tops the list as the town’s fastest-selling street. Properties here sell in 102 days on average, compared to the national figure of 147 days, according to research by estate agent Upstix.

From Decline to ‘Shoreditch-on-Sea’

Once a fading seaside favourite, Margate has transformed into a hotspot for London buyers, earning the nickname “Shoreditch-on-Sea.” Since the pandemic, nearly 6,000 Londoners have relocated to Thanet, fueling a housing boom and pushing average prices to £348,571.

Star Residents and Arts Revival

The town now attracts celebrities and artists, including Pete Doherty, Tracey Emin, and even Banksy, whose work once appeared on a local house. This influx has redefined Margate’s identity as both a cultural hub and a property hotspot.

Locals Share Their Experiences

Richard Thomas, 54, who bought a home in Westbrook Gardens in just 40 days, said: “I was warned demand was huge. It was so quick. I couldn’t hang around.”
Retired teacher Rory Waitt, who runs a community project, described Margate’s “real vibe” and said the town’s popularity reflects pride and investment in the area.

Other Fast-Selling Streets

• Milton Avenue (CT9 1TT) ranks second, with sales taking around 113 days.

• Ethelbert Road (CT9 1LA) follows, with properties sold in 127 days.

Rising Prices and Gentrification Concerns

House prices in Margate have more than doubled in the past decade, rising by 102% since 2013. While many celebrate the growth, some locals feel pushed out.
Long-term residents like Pauline Kirkwood argue that locals are priced out by “Down From London” buyers snapping up second homes and Airbnb rentals.

Divisions Within the Community

Some welcome the change, pointing to better facilities and new opportunities. Others say gentrification has brought rising costs, overcrowding, and social issues. Kate Stuart, 85, who moved from London, admitted the boom has “gone too far.”

Dreamland’s Dark Side

Margate’s cultural revival is clouded by safety concerns. In 2024, Emily Stokes, 17, died after a suspected MDMA overdose at a Dreamland event — a venue now dubbed “Drugland” by some locals.

What’s Next for Margate?

According to Upstix CEO Frederick Jones, buyers aren’t just looking at homes but also the character of the street and surrounding community. Margate’s mix of seaside charm and cultural buzz continues to attract attention — but its future balance between locals and newcomers remains uncertain