2-bedroom flat · CT9 1AE
Listing removedReduced £20k (−10.5%) on 28 SepListed 185 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated just a short walk from Margate's vibrant Old Town, with its eclectic mix of boutique shops, independent cafes, galleries and the ever-popular seafront, is this well-presented two-bedroom second floor apartment.
The property is ideally positioned to enjoy all that this sought-after coastal location has to offer, making it perfect as a permanent residence, weekend retreat or investment opportunity.
Internally, the apartment offers a bright and spacious open plan lounge/kitchen, enhanced by dual aspect box bay windows which flood the space with natural light and create a wonderful sense of openness.
There are two well-proportioned double bedrooms along with a modern bathroom.
Further benefits include a private storage room on the ground floor, ideal for bicycles or additional belongings, as well as an allocated parking space - an increasingly valuable feature in this central location.
Offered with no onward chain, and a share of freehold, this is a fantastic opportunity to acquire a light-filled home close to the heart of Margate. Communal Entrance Hall Stairs to second floor.
Access to Storage Cupboard. Entrance Hall Radiator. Entry phone. Storage cupboard. Double storage cupboard housing fuse board. Radiator. Doors to all rooms.
Kitchen/Living Area (19'7 x 13'9 narr to 10'6 (5.97m x 4.19m narr to 3.2m)) Kitchen area Range of wall and base units with Work surfaces. Inset sink with drainer. Integral fridge freezer.
Integral washing machine. Fitted oven and gas hob with extractor over top. Power points. Cupboard housing wall mounted Combi boiler. Double glazed window to side. Lounge area Two x radiators.
Power points. Double glazed box bay windows to front and side. Bedroom One (12'6 x 9'1 to wardrobes (3.81m x 2.77m to wardrobes)) Two x double built-in wardrobes. Radiator.
Double glazed window to front. Power points. Bedroom Two (10'7 x 7'5 (3.23m x 2.26m)) Double glazed window to side. Radiator. Power points.
Bathroom (5'7 x 5'7 (1.7m x 1.7m)) Panelled bath with shower over. Wash hand basin. Low level WC. Radiator.
Storage Room Allocated Parking Space Leasehold Information The vendor advises there are 105 years remaining on the lease. There is no ground rent charge and the service charge is £63per month.
Value & comps
No previous sales on record.
Returns
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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
FAQ
About 8, Kings Mews, Margate
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