Summary - FLAT 27, HOMEFERN HOUSE, COBBS PLACE, MARGATE CT9 1JE
1 bed 1 bath Flat
Compact, supported living close to Margate Old Town and local amenities.
One double bedroom with built-in wardrobe
Modern wet room adapted for accessibility
On-site management and emergency pull-cord system
Communal gardens and communal entrance with parking
Lease c.58 years remaining — may affect mortgage eligibility
High annual service charge c.£3,580
Electric storage heating; no gas central heating
Area has higher crime rates; budget for security and insurance
This one-bedroom retirement apartment at Homefern House offers a compact, well-presented home for a single occupant or couple looking to downsize. The living room’s bay window brings natural light, and a modern wet room and fitted kitchen provide practical, low-maintenance living. On-site management, pull-cord assistance and communal gardens add reassurance and community for retirement living.
Important practical details affect value and financing. The lease has about 58 years remaining — short enough that some mortgage lenders may refuse to lend. The service charge is substantial at around £3,580 per year, so budget for ongoing costs. Heating is electric storage radiators rather than gas central heating, and the area records higher local crime levels.
For someone who prioritises convenience and support, this property sits on the edge of Margate’s Old Town with shops, cafes and transport close by. It is offered as a relatively low-priced leasehold retirement flat, suitable for those able to purchase with cash or arrange specialist lending. A viewing is strongly recommended to assess space and condition in person.
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