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See how verdicts work1-bedroom flat · CT9 2JE
For saleReduced £10k (−6.5%) on 15 OctListed 118 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Cooke & Co are delighted to market this spacious one-bedroom ground floor flat with a private garden and a new 150-year lease!
Located in the popular Cornwall Gardens, the property is well positioned for local amenities, bus routes, the doctors' surgery and an abundance of independent shops, restaurants and bars.
Just at the end of the road, you'll find the seafront, with the ever-popular Walpole Bay Tidal Pool only a short stroll away.
Cliftonville has become one of Thanet's most sought-after coastal locations, renowned for its vibrant community, thriving independent businesses and beautiful coastline.
Whilst in need of some modernisation, the property offers fantastic potential for a buyer to really put their own stamp on it.
Offering spacious accommodation throughout, the property comprises an entrance hall, lounge/diner, kitchen, conservatory, bathroom with separate WC and a double bedroom.
There is also the sole use of a cellar, ideal for storage, and to the rear a generous west-facing private garden.
Being sold with no forward chain, this property would make an ideal first-time purchase or downsize. Call Cooke & Co today on to arrange your priority viewing!
Entrance Via communal door, flat entrance located on th ground floor. Flat do leading to. Hallway Radiator. Fuse box and electric meter. Doors to: Lounge (14' x 12.6' (4.27m x 12.1.83m)) Radiator.
Power points. Opening onto: Kitchen (11.9' x 8.9' (11.2.74m x 8.2.74m)) Matching wall and base units with complementary work surface. Inset stainless steel sink unit with mixer tap and drainer.
Splashback tiles. Space and plumbing for washing machine. Space for fridge freezer. Radiator. Wall-mounted combination boiler.
Double glazed patio doors to the rear leading to: Conservatory (10.5' x 8.9' (10.1.52m x 8.2.74m)) Double glazed windows to the rear and sides. Double glazed doors to the rear leading onto the garden.
Bathroom (6'6 x 4'5 (1.98m x 1.35m)) Panelled bath. Wash hand basin set into vanity unit. Radiator. Door leading to: WC (4.7' x 3.1' (4.2.13m x 3.0.3m)) Low-level WC.
Single glazed frosted window to the rear. Bedroom (17.4' x 9.1' (17.1.22m x 9.0.3m)) Double glazed bay window to the front. Radiator. Power points.
Cellar Private Garden (Approximately 40' (Approximately 12.19m)) Mainly laid to paving.
Leasehold Information We have been advised of the following Service Charge - last years service charge was £1,520.50, we await the details of the 2026 budget.
Ground rent - £20 Lease - to be sold with a new 150 year lease. (currently in the process of being arranged)
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 1a, 73, Cornwall Gardens, Margate
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