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See how verdicts work2-bedroom flat · CT9 5BJ
Listing removedListed 143 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** An Exciting Development Opportunity ** Miles and Barr are delighted to offer this two bedroom split level apartment in Seaview Terrace, Margate.
As the name implies this wonderful period home has stunning sea views over the promenade to Westbrook Bay.
Currently arranged as a two bedroom apartment with the two beds and bathroom on lower ground floor, two reception rooms and kitchen on first floor, garden and garage with parking to rear.
Having two points of access to front, one via communal hallway and the other steps to lower ground floor, there is potential to renovate the apartment as it stands, or to with appropriate consents divide into two separate apartments.
A handsome building the internal rooms offer high ceilings, bay windows and some original cornicing. In addition parking and a garage to rear is like gold dust in this area.
A fantastic renovation project if you are looking for a large apartment with parking and storage in a sea front location, or a potential opportunity to create two flats.
Please see the virtual tour and call Miles and Barr to view.
Material Information Construction Type/Materials: To Follow Broadband Coverage: To check broadband and mobile phone coverage please visit Ofcom here: Identification Checks If an offer is accepted on a property marketed by Miles & Barr, all purchasers are required to complete id verification checks.
This is a legal obligation under Anti-Money Laundering Regulations. We use a specialist third-party company to carry out these checks.
The fee is £60 (including VAT) per person or £120 (including VAT) if purchasing under a company name, payable once the offer is agreed and before the sales memorandum is issued.
Please note that this charge is non-refundable. Location Summary 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.
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
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FAQ
About Flat 1, 4, Sea View Terrace, Margate
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