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2 Bed Flat, Refurb/BRRR, Margate, CT9 2JD £115,000

FLORENCE COURT Eastern Esplanade, Margate, Kent, CT9 2JD - 2 years ago
  1. Deal Search
  2. Margate
  3. CT9
  4. CT9 2JD
Sold STC
Leasehold
Cash
Refurb/BRRR
ROI: 5%
~53 m²

ValuationFair Value

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Links

  • More Deals in Margate
  • More Deals in CT9
  • More Refurb/BRRR Deals
  • More Refurb/BRRR Deals in Margate
  • More Refurb/BRRR Deals in CT9

Property History

Price changed to £115,000

February 4, 2025

Listed for £120,000

January 22, 2024

Sold for £87,750

2007

Sold for £16,500

1996

Floor Plans

Description

  • Rare Ground Floor Flat +
  • CHAIN FREE +
  • Nice Kitchen & Bathroom +
  • Sea Front Location +
  • Big Front Room +
  • Long Lease +
  • Excellent Rental Return +
  • First Time Buyer Opportunity +
  • Popular Location +
  • Close to Local Amenities +

*CHAIN FREE*

*CASH BUYER ONLY - NEEDED FOR QUICK SALE NO MORTGAGES OR PEOPLE SELLING WITH CHAINS WILL BE CONSIDERED*

Investment Alert, Great Chain Free Two Bedroom Ground Floor Flat In A Wonderful Seafront Location

Your Key Move estate agents are delighted to bring to market this generous sized ground floor flat which is situated in an elevated position in a sought after location.

This flat is an exciting proposition either from an investment perspective or to put your own mark on it. Walking into this grand old building you head in through the security entrance and lobby area and along a short corridor to the private front door. Inside you have a corridor where a left will take you down to the large front room. This room is a good size and perfect for a cosy lounge and dining area with large window. Back into the corridor you have a good sized kitchen on your left, with ample worktops and storage cupboards. As you continue past the front door on your right you then have a handy storage cupboard off to your left and then the first double bedroom. Carrying on around the corner you will find the family bathroom on your right. The bathroom is a really good size and features enough space for a bath and walk in shower. Just past the bathroom is the second double bedroom.

This ground floor flat is very bright and airy and gives an amazing feeling of space between rooms. While the flat is empty and could be moved into straight away, a quick facelift of new carpets and white paint really would transform this into an even more bright and fresh prospector a very minimal cost.

From an investment perspective, flats in this building typically rent for a very good yield making this a very versatile flat.Lease details:

Lease remaining: 190 years
Service Charge: £1440 p.a
Ground Rent: £0

We have priced this property very competitively to achieve a quick sale for the vendor - a walk through video if the property is available upon request

Situation

This beautiful building is on the sea front in sought after Cliftonville with local shops close by. Being just a stone's throw from Margate train station and the high speed service to London, St Pancras, Westbrook is popular with commuters, families wanting to be in the catchment area for the well regarded local schools and couples looking to retire by the sea. The promenade provides a stunning walk into Margate and its vibrant 'Old Town' and Westgate-on-Sea with its Victorian canopied shops and grade II listed cinema to name but a few sights you'll see.

Viewings are only by appointment and through sole estate agents Your Key Move.

*At the time of an offer being accepted on a property marketed by Your Key Move LTD, the purchaser(s) will need to provide documentation in order for us to undertake the necessary identification checks, in order to adhere to our obligation under the Anti Money Laundering Regulations (AML). This is a legal requirement and we will not proceed with a buyer(s) until these checks have been carried out. Your Key Move LTD uses a specialist third party service to verify identities. The cost of these checks is £50 inc. VAT per purchase, which has to be paid in advance when an offer is agreed and will be prior to a sales memorandum being issued to solicitors. This fee is non-refundable. Any questions on this should be asked prior to placing an offer.

Agent Details

YourKeyMove Limited, Folkestone

01303 761708

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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