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See how verdicts work1-bedroom flat · CT9 1LX
For saleReduced £5k (−2.9%) on 25 AugListed 111 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the top floor of a well-maintained building with attractive, well-presented communal entrance halls, this beautifully presented one-bedroom apartment offers modern, low-maintenance living in one of Margate's most popular and vibrant locations.
Margate has become increasingly sought-after in recent years, well known for its sandy beach, thriving Old Town, independent shops, galleries, and excellent selection of popular restaurants, cafés and bars.
The area offers a fantastic lifestyle, with the seafront, Turner Contemporary, and the town's growing food and drink scene all within easy reach.
The property features high ceilings throughout with bright and airy accommodation, which comprises a spacious open-plan living area with a contemporary fitted kitchen, creating an ideal space for both relaxing and entertaining.
There is a generous double bedroom and a stylish modern shower room, all finished to a high standard. Residents also benefit from access to a secure bike storage to rear.
Further advantages include a share of the freehold, a long lease, and the property is offered to the market with no onward chain and vacant possession, making it an ideal first-time purchase for those looking to get a foot on the property ladder, as well as an excellent buy-to-let investment opportunity or air b n b!
Call us today on to arrange your priority viewing! Entrance Communal entrance, stairs leading to top floor, flat entrance. Hallway Electric radiator. Power points. Phone entry. Loft hatch.
Cupboard housing immersion tank and fuse box. Doors to: Lounge/Kitchen/Diner (17'6 x 16'7 into bay (5.33m x 5.05m into bay)) Double glazed bay window to front. Electric radiator. Power points.
Kitchen area with matching wall and base units with complementary worksurface. Inset stainless steel sink unit with mixer tap and drainer. Splashback tiles. Breakfast bar.
Integrated oven and hob with extractor fan. Integrated fridge. Power points. Bedroom (10'3 x 8'3 (3.12m x 2.51m)) Double glazed window to rear. Electric radiator. Power points.
Shower Room (6'4 x 4'4 (1.93m x 1.32m)) Shower cubicle with electric rainfall shower over. Wash hand basin. Low level WC. Extractor fan.
Access To Bike Store To Rear Leasehold Information The vendor advises the property has a share of freehold.
They also advise the following: Lease: It was a 999 year lease issued on 16th December 2022 Ground rent - zero Service charge: The charges for 26/27 haven't yet been worked out as costs are generally paid as they arise during the year, however In 24/25 we paid £479 for Flat 4 and in 25/26 it came to £190 for the year for our flat.
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
Agent & docs
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FAQ
About Flat 4, 4 St. Johns Road, Lausanne Terrace, Margate
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