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Perfect if you want to surround yourself by people exactly like you in a small enclave of an otherwise very depressed area. I've enjoyed Margate every time I've been for a few hours to ponce around the gallery and eat fish and chips. But like everywhere with astonishingly-cheap property, there are reasons.
Timmy2wheels
You could get a 10 bedroom house on the sea there for what a pokey 1 bed flat in London costs. No wonder its getting popular. There's definitely a hype train forming around it as it keeps getting mentioned by a very specific demographic.