We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · CT9 2GB
For saleReduced £7k (−12.4%) on 25 JunListed 692 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Securing this property with A lifetime leaseover 60s can secure this property with a home for life from homewise Through the Home for Life Plan from Homewise, those aged 60 or over can purchase a Lifetime Lease and a share of the property value to safeguard for the future.
The cost to purchase the Lifetime Lease is always less than the full market value. Over 60s customers typically save between from 6% to 49%*.
Home for Life Plan guide price for overs 60s: The Lifetime Lease price for this property is £56,500 based on an average saving of 30%.
Market Value Price: £80,000 The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard.
The plan allows customers to purchase a share of the property value (up to 50%) to safeguard for the future.
For an indication of what you could save, please use our calculator on the homewise website. Please call for more information or a personalised quote. Please note: Homewise do not own this property.
It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.
If you would like to purchase the property at the full market value of £80,000, please contact the estate agent Wards. Property DESCRIPTIONNo chain retirement first floor flat with sea views.
Entry phone to the building and a house manager. Walking distance to Margate sandy beaches and free parking on site. Ready for you to just unpack and enjoy your new home.
Communal lounge where you can catch up with friends and communal gardens to sit and relax when the weather is good. Truly a wonderful home by the sea.
Age restrictions apply female 60 years and male 65 years. Needs to be seen to appreciate what is on offer. Please refer to the footnote regarding the services and appliances.
Room sizes: Hallway Lounge 15'1 x 13'2 (4.60m x 4.02m) Kitchen 8'1 x 5'7 (2.47m x 1.70m) Bedroom 13'2 x 9'11 (4.02m x 3.02m) Shower Room 6'6 x 4'10 (1.98m x 1.47m) Communal Gardens The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice.
Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services.
If you choose to use a service provider recommended by Homewise, details of all referral fees can be found at the link below.
If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.
Council Tax band: A Tenure: Leasehold Annual service charge: £ 3144 Years remaining on lease: 93 Suitable as a retirement home.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 Queens Parade Cliftonville, Margate
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