3-bedroom flat · CT9 5FH
Listing removedReduced £100 (−6.3%) on 8 SepListed 67 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Amazing panoramic sea views! Miles & Barr are delighted to present this impressive three-bedroom penthouse apartment, situated within the former Nurses Residence in Margate.
Occupying an elevated position, the property enjoys breathtaking panoramic sea views and offers spacious, contemporary accommodation with an abundance of natural light throughout.
At the heart of the apartment is a generous open-plan living space, incorporating the lounge, dining area and kitchen, creating a fantastic setting for both everyday living and entertaining while making the most of the impressive coastal outlook.
The property offers three well-proportioned bedrooms, with the main bedroom benefiting from its own private en-suite shower room.
A modern family bathroom serves the remaining accommodation, providing both convenience and practicality. Further benefits include lift access and off-street parking.
With its spacious layout, distinctive setting within the former Nurses Residence and spectacular views across Margate and the coastline, this penthouse apartment offers a fantastic opportunity for those looking for a unique coastal home.
EPC - B Council Tax - D To check broadband and mobile phone coverage please visit Ofcom here Location Margate is a fantastic seaside town and contains the areas of Cliftonville, Garlinge, Palm Bay and Westbrook.
The energy surrounding Margate is excellent; it holds the likes of a world-class art gallery, the UK's original pleasure park 'Dreamland', fast Rail links into London and of course not forgetting the stunning sandy beaches and sparkling bays.
You are within a 10-minute drive to the neighbouring towns which are Broadstairs, Ramsgate and Birchington. There are also good road links to London via the A299 Thanet Way and M2 Motorway.
Bathroom (6' 4" x 8' 1") Bedroom (12' 5" x 7' 2") Bedroom (8' 7" x 13' 0") En-Suite (5' 4" x 8' 8") Bedroom (11' 11" x 7' 1") Kitchen/Lounge/Diner (20' 11" x 21' 1")
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About Flat 28, 38, Canterbury Road, Kent
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