Summary - Charles Court, Margate, CT9 CT9 3FH
1 bed 1 bath Flat
Shared-ownership starter with balcony and garden access, minutes from the beach.
- Near-new build (2022) with long 121-year lease
- 75% shared ownership price £146,250 (100% £195,000)
- Total monthly cost before mortgage £227.12 on 75% share
- Enclosed balcony and communal garden access
- Average-sized one-bedroom: c.549 sq ft (50.5 sqm)
- Located on main road; limited front privacy and some traffic noise
- No sea view visible from the front elevation
- Service charge £961.44 pa (below average)
Bright, low-maintenance living in a near-new purpose-built block, arranged over c.549 sq ft on the first floor. The apartment was built in 2022 and offers a double bedroom, contemporary bathroom, separate kitchen and a reception room opening onto an enclosed balcony. Long lease (121 years) and modern construction reduce immediate maintenance concerns.
This is offered as shared ownership (75% share £146,250; full ownership £195,000). Monthly running costs on the 75% share are transparent: rent £120.70, service charge £80.12 and a lease management fee £26.30 — total monthly outgoings before mortgage £227.12. Service charge annualised is £961.44, below average for similar new-build blocks.
Location is a primary value driver: minutes from the beach with excellent public transport (bus stop immediately outside) and nearby amenities. The block includes well-kept communal grounds and off-street visitor parking. Broadband is fast and local crime levels are low, supporting both owner-occupier and buy-to-let appeal.
Notable drawbacks are practical and factual: the building sits onto a main road which limits front privacy and means some traffic noise. No sea view is evident from the front elevation. The property is leasehold shared ownership, so staircasing and resale conditions should be checked by prospective buyers. Internal space is modest — good for singles, couples or investors but limited for larger households.
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