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See how verdicts work2-bedroom property · CT9 2JX
Sold STCReduced £15k (−30%) on 26 OctListed 261 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Cooke & Co are pleased to offer this very spacious two bedroom top floor retirement apartment to the market, which is being sold with no forward chain.
This building has been designed for the over 60's and benefits from an array of residents facilities, which include, laundry room, communal lounge and gardens.
The property has been, in our opinion, well maintained throughout and comprises two good size double bedrooms, large fitted kitchen, walk in wet room with built in utility area and a lounge / diner.
The property was built circa 2007 and offers subsidised meals for residents, guest suite, residents lounge, house manager, emergency call system and cleaning assistance.
The property is located just a short distance from the local amenities, bus routes, doctor surgery and sea front. Why not call us today to arrange your accompanied viewing on .
Entrance Hall Two x storage cupboards. (One measuring 7'2 x 4'7) Electric storage heaters. Loft hatch. Lounge/Diner 18'5 x 10'6 (5.61m x 3.2m) Electric fire places.
Electric storage heaters. Power points. Double glazed window to rear. Emergency pull cord. Kitchen 9'8 x 7'4 (2.95m x 2.24m) Range of wall and base units. One and half bowl sink with drainer.
Electric hob with oven. Integral fridge and freezer. Power points. Bedroom One 16'5 x 9'5 (5m x 2.87m) Double glazed window to rear. Internal wardrobes. Electric storage heater. Power points.
Bedroom Two 13'6 x 8'8 (4.11m x 2.64m) Double glazed window to rear. Electric heater. Power points. Wet Room/Utility Room 9'2 x 7'4 (2.79m x 2.24m) Low level WC.
Wash hand basin inset in vanity unit. Counter top with under counter storage and space for washing machine. Electric towel heater.
Leasehold Information The vendor informs us of the following: The lease is 125 years from 1 July 2006, leaving 105 years remaining The Ground Rent is £237 per 6 month The management charge is £10,441 per annum
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
FAQ
About Harold Road, Margate
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