2-bedroom flat · CT9 3EH
For saleReduced £10k (−4.3%) on 6 OctListed 44 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold This well-presented purpose-built first-floor flat offers spacious and comfortable accommodation in a highly sought-after location.
The property features two generously proportioned bedrooms, both benefiting from fitted wardrobes, providing excellent storage.
Modern bathroom suite, nice size kitchen/breakfast room is a particular feature, offering ample space and enjoying attractive distant sea views.
The bright and welcoming living area opens onto a balcony with a pleasant outlook towards the park, creating an enjoyable space to relax and benefit from the natural light.
Further advantages include a garage en bloc, ideal for secure parking or additional storage.
The property is offered with no onward chain and benefits from a 999-year lease from 1978, a share of the freehold and a service charge of approximately £110 per calendar month.
Location The property occupies a convenient and desirable position, within easy reach of the Library and Northdown Park and just a short distance from Palm Bay's attractive sandy beach.
The surrounding area offers an excellent balance of coastal living, green spaces and everyday convenience, making it particularly appealing to a range of buyers.
Local Amenities A good selection of local shops and everyday amenities can be found nearby, together with convenient bus routes and two well-regarded primary schools.
The popular seaside town of Margate is approximately 1.5 miles away and offers sandy beaches, a variety of shops and leisure facilities, as well as the renowned Turner Contemporary art gallery.
In the opposite direction, approximately 3 miles away, is the charming coastal town of Broadstairs, well known for its historic character, attractive beaches and excellent selection of boutique shops, cafés, bars and restaurants.
The wider area also provides a range of leisure and recreational facilities. Road and Rail Links The property is well positioned for transport links, with regular bus services available nearby.
Margate railway station provides high-speed rail services to London St Pancras, making the area a convenient choice for those needing access to London.
The nearby road network also provides good connections to the neighbouring coastal towns and the wider Thanet area. EPC Rating: C
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
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FAQ
About Flat 7, Lyngate Court Princess Margaret Avenue, Margate
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