2-bedroom bungalow · CT9 4NA
Sold STCReduced £15k (−4.8%) on 20 JunListed 364 days
Opportunity summary
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About
A spacious detached bungalow conveniently positioned on the outskirts of the thriving coastal town of Margate, being accessible to the town centre, beach, and Margate train station (1 mile).
The property now requires refurbishment throughout, and there is scope to extend the existing accommodation (subject to obtaining all necessary consents and approvals).
The accommodation is currently arranged to provide an entrance porch, entrance hall, a sitting room with an open fireplace and sliding patio door leading to a conservatory, a kitchen/breakfast room overlooking the garden, two double bedrooms, a bathroom, and a separate cloakroom.
The property also benefits from double-glazed windows and a gas-fired central heating system. Outside, the South-Easterly facing rear garden extends to 39ft (11.9m).
A driveway provides off-street parking and access to an attached garage via Manston Road. No onward chain.
Location Margate is a bustling and vibrant town and has been the subject of regeneration in recent years.
Attractions include Margate main sands, Turner Contemporary art centre, Dreamland Pleasure Park with concert hall, and Old Town with its piazza, restaurants, cafés and re-invigorated harbour arm.
Local transport links including Margate railway station provides commuter services into London St Pancras, Cannon Street, London Bridge and Victoria, and the nearby and the A299 is accessible providing a dual carriageway link to the M2/A2 giving access to the channel ports and connecting motorway network are nearby.
Accommodation The accommodation and approximate measurements (taken at maximum points) are: • Entrance Porch • Entrance Hall • Sitting Room (7.63m x 3.94m (25'0" x 12'11")) • Kitchen/Breakfast Room (3.78m x 3.09m (12'4" x 10'1")) • Bedroom 1 (4.47m x 3.80m (14'7" x 12'5")) • Bedroom 2 (3.81m 3.17m (12'5" 10'4")) • Bathroom (3.34m x 1.69m (10'11" x 5'6")) • Cloakroom • Conservatory (3.99m x 2.56m (13'1" x 8'4")) Outside • Rear Garden (11.89m x 10.97m (39" x 36")) • Front Garden (14.78m x 7.01m (48'6" x 23")) • Garage (6.00m x 3.00m (19'8" x 9'10"))
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 Fairways, Shottendane Road, Margate
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