1-bedroom flat · CT9 2LQ
For saleListed 30 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Simply stunning! Set on Lewis Crescent, facing the promenade and Walpole Bay lies this beautifully refurbished, large one bedroom apartment.
Boasting high ceilings and panoramic sea views from the bay window of the reception room, this property will be ideal for any discerning buyer looking to enjoy all the benefits of seaside living.
Internally the property has been completely modernised to include an attractive kitchen, four piece bathroom, spacious hallway, 21ft lounge / diner and generous primary bedroom.
Heating is via electric radiators and double-glazing is fitted to most windows.
The famous Walpole Bay tidal pool is just a short stroll away for any avid sea swimmers and with Margate's Old Town with all its restaurants, bars and art galleries (including the Turner Contemporary) under a mile away.
With a lease of approximately 224 years remaining we recommend you book your priority viewing straight away.
See more online at Entrance Via communal entrance with stairs to ground floor and own front door to... Lobby Area High level storage. Cloaks hanging space. Door to... Hallway High ceilings.
Doors to all rooms. Dark laminate wooden flooring. Lounge / Diner (21'4 x 15'8 (6.5m x 4.78m)) Full length double glazed bay windows offering access to balcony and panoramic sea views.
Eco Electric heaters. Power points. Coved ceiling. High ceilings. Ceiling rose. Dark Wood Laminate flooring. Feature fireplace housing electric fire with wooden surround.
Primary Bedroom (15'8 x 11'3 (4.78m x 3.43m)) Double-glazed window to rear. Electric heater. Power points. Fitted storage cupboard. High ceilings with coving.
Feature decorative marble fireplace with cream classic wooden surround Kitchen (10'6 x 9'0 (3.2m x 2.74m)) Double-glazed window to side and single glazed window to rear.
Selection of wall and base units with complementary work surfaces. Sink unit with drainer. Space for fridge/freezer, washing machine and dishwasher. Vinyl flooring. Coved ceiling.
Induction hob with electric oven and overhead extractor. Bathroom (10'1 x 5'5 (3.07m x 1.65m)) Four piece suite comprising panelled bath, low-level WC and vanity unit housing wash hand basin.
Shower unit. Part tiled walls. Vinyl flooring. Dual aspect with double glazed opaque window to rear and single glazed sash to side. Ladder radiator.
Leasehold Information The vendor informs us that there is approximately 224 years remaining on the lease.
We have been informed that the service charges are approximately £1000 per annum (paid in two instalments of £500) and the ground rent is nil.
We are also informed that AST tenancies are allowed but short term / holiday lets are not permitted. We have been informed by the vendor that pets are allowed as long as agreed by the freeholders.
Value & comps
No previous sales on record.
Returns
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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
FAQ
About Flat 3 Granville Court 6-7, Lewis Crescent, Margate
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