3-bedroom semi-detached house · CT8 8EL
Listing removedReduced £25k (−9.6%) on 20 JunListed 267 days
Opportunity summary
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About
For sale by Modern Method of Auction; Starting Bid Price £260,000 plus Reservation Fee. Three bedroom semi-detached family home in quiet westgate location!
Miles & Barr are delighted to present this three bedroom semi detached family home, situated in the quiet cul-de-sac of St Luke’s Close, Westgate.
The property is ideally positioned within the catchment area of highly regarded local schools and is just a short walk from Westgate’s charming Victorian canopied shopping parade.
The seafront, with its golden sandy bays, along with a range of other local amenities, are also conveniently close by.
The accommodation comprises a spacious 24ft lounge/diner and a fitted kitchen on the ground floor. To the first floor are three well-proportioned bedrooms, a family bathroom and a separate WC.
Externally, the property benefits from an enclosed rear garden, with space for a single garage and off street parking located directly behind.
There is also an open green space to the side of the property, enhancing the overall setting.
In our opinion, the property would benefit from a programme of internal modernisation, however, it offers an excellent opportunity for buyers seeking a home with significant potential.
The property is offered with no onward chain, and keys are available for immediate viewings.
Auctioneer Comments: This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £349 inc VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £7080 inc VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.
These services are optional. Location Summary: Westgate is regarded by some as a well-kept secret amongst the towns and villages along the North coast of Kent.
This picturesque village provides a variety of shops, bars, restaurants and cafes.
Westgate also has its own railway station providing a regular service to London Victoria and in the other direction to the popular seaside towns of Margate, Broadstairs and Ramsgate.
There are many grand and historic buildings to be found in the area including the magnificent listed Carlton Cinema and lovely balcony apartments overlooking garden squares.
There are a number of highly regarded schools to be found in the area in both the public and private sectors including grammar schools.
You will also find a number of leisure and recreational facilities in the area including Westgate golf course, endless miles of promenade for runners and walkers as well as numerous other sports clubs.
Ground Floor Entrance Hall Lounge/Diner (24' 6" x 11' 11") Kitchen (12' 0" x 8' 2") Narrowing to 9'3 First Floor Landing Leading To Separate WC Bathroom (5' 7" x 5' 9") With Wash Hand Basin And Bath Bedroom (12' 10" x 6' 7") Bedroom (11' 4" x 9' 5") Bedroom (8' 4" x 8' 3") External Front Garden Rear Garden Off Street Parking At Rear
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 19, St. Lukes Close, Westgate-on-sea
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