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See how verdicts work2-bedroom flat · CT9 2NG
For saleReduced £10k (−4.8%) on 10 SepListed 69 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two Bedroom Ground First Apartment | Two Juliet Balconies | Well-Proportioned Accommodation Miles and Barr are delighted to present this well-proportioned two-bedroom first floor apartment, offering spacious accommodation throughout and benefiting from two Juliet balconies.
Ideally suited to first-time buyers, investors or those looking for a comfortable home, the property provides a well-balanced layout with excellent potential.
Internally, the apartment comprises a bright and spacious lounge/diner, a fitted kitchen, two generous bedrooms and a well-appointed bathroom.
The accommodation is complemented by a central hallway providing access to all rooms and useful storage.
The property further benefits from two Juliet balconies, providing the rooms with an attractive outlook and allowing plenty of natural light into the accommodation.
Offered vacant possession this well-presented apartment offers generous living accommodation together with two bedrooms and the added benefit of Juliet balconies.
Offered with a 999-year lease with pepercorn ground rent, this is an appealing opportunity for a range of purchasers.
Located in a sought after residential area just a short stroll to the amenities of Northdown Road.
Early viewing is highly recommended to fully appreciate the accommodation, layout and position on offer.
EPC Rating C Broadband Coverage: To check broadband and mobile phone coverage please visit Ofcom here: Construction Type/Materials: To Follow Identification checks If an offer is accepted on a property marketed by Miles & Barr, all purchasers are required to complete id verification checks.
This is a legal obligation under Anti-Money Laundering Regulations. We use a specialist third-party company to carry out these checks.
The fee is £60 (including VAT) per person or £120 (including VAT) if purchasing under a company name, payable once the offer is agreed and before the sales memorandum is issued.
Please note that this charge is non-refundable.
Location Situated in the ever-popular seaside town of Margate, this property benefits from a vibrant coastal setting encompassing the desirable areas of Cliftonville, Garlinge, Palm Bay, and Westbrook.
Margate is renowned for its unique blend of culture, leisure, and seaside charm.
The town is home to the acclaimed Turner Contemporary gallery and the iconic Dreamland amusement park, offering a wide range of entertainment options.
Margate also boasts excellent high-speed rail links to London, making it an attractive choice for commuters.
Residents can enjoy beautiful sandy beaches and picturesque bays, perfect for relaxing and outdoor activities.
The neighbouring towns of Broadstairs, Ramsgate, and Birchington are all within approximately a 10-minute drive, providing additional amenities and coastal attractions.
There are also excellent road connections via the A299 Thanet Way and M2 motorway, ensuring convenient access to London and beyond Entrance Entrance Hall Lounge/Diner (16' 10" x 16' 3") Balcony (6' 9" x 3' 1") Bedroom (10' 11" x 12' 1") Bathroom Kitchen (9' 7" x 7' 8") Bedroom (13' 0" x 10' 9") Balcony (11' 7" x 3' 4")
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About Flat 2, 23, Richmond Avenue, Kent
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