Modern Method of Auction
Auction date not yet published
1-bedroom flat · CT14 6TY
Sold STCListed 30 days
Opportunity summary
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About
FOR SALE BY MODERN METHOD OF AUCTION, STARTING BID £99,000 PLUS RESERVATION FEE Ground floor flat tucked away at the end of a quiet cul-de-sac in Deal, Kent, benefiting from allocated parking and access to communal gardens.
The flat offers a well-proportioned living room with wood-effect flooring and neutral décor, providing a flexible space for both seating and dining.
Glazed patio doors open directly onto the communal garden, giving pleasant views and good natural light.
The separate kitchen is fitted with a range of wood-fronted wall and base units, ample worktop space, tiled splashbacks and an integrated oven with hob and extractor.
To the front of the property is a double bedroom with similar flooring and a large window.
The bathroom includes a white suite with bath and shower over, tiled surround and extractor, offering a practical and easy-to-maintain space.
The layout is straightforward and functional, suiting both owner-occupiers and investors; the property has previously been a successful rental.
Service Charge approx £690 per annum Ground Rent approx £135 per annum Lease 87 years remaining This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction.
The Modern Method of Auction is a flexible buyer friendly method of purchase.
We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete.
Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance.
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.5% subject to a minimum of £6,600 plus VAT which secures the transaction and takes the property off the market.
The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed.
Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
DEA250417/2 Description FOR SALE BY MODERN METHOD OF AUCTION, STARTING BID £99,000 PLUS RESERVATION FEE Ground floor flat tucked away at the end of a quiet cul-de-sac in Deal, Kent, benefiting from allocated parking and access to communal gardens.
The flat offers a well-proportioned living room with wood-effect flooring and neutral décor, providing a flexible space for both seating and dining.
Glazed patio doors open directly onto the communal garden, giving pleasant views and good natural light.
The separate kitchen is fitted with a range of wood-fronted wall and base units, ample worktop space, tiled splashbacks and an integrated oven with hob and extractor.
To the front of the property is a double bedroom with similar flooring and a large window.
The bathroom includes a white suite with bath and shower over, tiled surround and extractor, offering a practical and easy-to-maintain space.
The layout is straightforward and functional, suiting both owner-occupiers and investors; the property has (truncated) Location Walcheren Close is located on the outskirts of Deal, within easy reach of local shops, cafés and amenities along London Road and in the town centre.
Deal railway station is approximately 5 minutes’ drive or around 20–25 minutes on foot, with direct services to Dover, Ramsgate and London St Pancras in around 1 hour 40 minutes.
The seafront and beach, plus open spaces such as Victoria Park and the promenades, are also accessible by car or bus, making this flat a convenient base for enjoying Deal and the wider Kent coast.
Auctioneers Comments This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction.
The Modern Method of Auction is a flexible buyer friendly method of purchase.
We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete.
Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance.
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.5% subject to a minimum of £6,600 plus VAT which secures the transaction and takes the property off the market.
The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. (truncated)
Value & comps
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Returns
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Archie refurb estimate: a Pro feature
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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.
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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.
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About Walcheren Close, Deal, Kent, CT14
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