Are Our Thanet Homes Fit for Growing Families?

Insights for Thanet Homeowners and Landlords

Thanet has become an attractive destination for both families to buy and rent, known for its rich heritage and strategic location. In this article, we explore the current housing situation for family homes in Thanet, compare them with national averages, and discuss opportunities for home buyers and landlords. We aim to determine whether there are enough family homes in Thanet, particularly in the private rented sector.

Total Number of Thanet Family Homes by Tenure

According to the latest data, Thanet has a total of 28,456 homes occupied by families with dependent children. Here's the breakdown by tenure:

• Owned outright: 1,887 homes (6.63%)
• Owned with a mortgage: 11,343 homes (39.86%)
• Socially rented: 4,266 homes (14.99%)
• Privately rented: 10,960 homes (38.52%)

National averages for family homes show:

• Owned outright: 8.42%
• Owned with a mortgage: 48.1%
• Socially rented: 20.93%
• Privately rented: 22.55%

Breakdown of Thanet Family Homes by Bedrooms

Family homes in Thanet are also broken down by the number of bedrooms they offer:

• 1 bedroom: 1.64%
• 2 bedrooms: 25.29%
• 3 bedrooms: 44.04%
• 4+ bedrooms: 29.52%

Compared to national averages:

• 1 bedroom: 3.1%
• 2 bedrooms: 17.35%
• 3 bedrooms: 46.67%
• 4+ bedrooms: 32.88%

Thanet Rental Properties Breakdown by Bedrooms

For family rental properties in Thanet, the breakdown is as follows:

• 1 bedroom: 2.20%
• 2 bedrooms: 37.55%
• 3 bedrooms: 44.77%
• 4+ bedrooms: 15.48%

National averages for family rentals show:

• 1 bedroom: 2.58%
• 2 bedrooms: 27.85%
• 3 bedrooms: 51.34%
• 4+ bedrooms: 18.23%

Opportunities for Thanet Landlords

With a significant proportion of family homes in the rental market being smaller to medium-sized properties, landlords can seize the opportunity to invest in larger homes, which are in shorter supply. Offering family-friendly features such as proximity to schools, parks, and other local amenities can increase tenant retention and provide a stable rental income.

Landlords who prioritise long-term investment should consider the capital appreciation potential of larger properties, as they tend to appreciate more over time compared to smaller homes.

Final Thoughts

Understanding Thanet’s family housing market is key for both homeowners and landlords. Whether you're a family looking for the perfect home or a landlord seeking your next investment opportunity, Thanet offers a wide range of possibilities. At Cooke & Co, we are here to help you navigate the property market and make the most informed decisions. Contact us today for more information.

About Cooke & Co

Cooke & Co has been providing estate agency services in Thanet since 1992, covering Margate, Broadstairs, Ramsgate, and surrounding areas.

Contact us:

• Margate Office: (01843) 231833
• Ramsgate Office: (01843) 851322
• Broadstairs Office: (01843) 600911

Visit our website at www.cookeandco.com or email us at enquiry@cookeandco.com.