Summary - Flat 1, 10 Albert Terrace CT9 1UJ
2 bed 1 bath Apartment
Chain-free lower-ground apartment a short walk from Margate beach and Old Town.
Lower-ground flat with private entrance, 539 sq ft, two bedrooms
This compact lower-ground flat offers easy, private access to central Margate and is a short walk from the beach, Old Town and station — ideal for someone wanting a seaside base without stairs to a main entrance. At 539 sq ft the layout includes two bedrooms, an open-plan lounge/kitchen and a shower room, suited to downsizers or over-60s seeking a low-maintenance retirement home or a weekend bolt-hole.
The property is being marketed with a Homewise Home for Life Lifetime Lease example price of £145,000 (illustrative average saving of 33% against a market price of £220,000). The Lifetime Lease is only available to buyers aged 60+; it allows purchase of up to a 50% share to protect value for the future. Actual Lifetime Lease pricing varies by age and circumstances — use Homewise’s calculator or request a personalised quote to confirm eligibility and saving.
Chain-free with share of freehold and currently run successfully as an Airbnb, the flat has clear income potential. Constructed before 1900 with solid-brick walls and high ceilings, the building offers period character but likely needs some renovation and damp checks; glazing/insulation details are not defined. Note the local area has high crime statistics and is very deprived, which may affect security, letting choice and long-term resale.
Practical details: mains gas boiler and radiators, average broadband, excellent mobile signal, and a modest side outdoor space. Buyers should verify tenure, lease specifics, and building consents, and arrange professional surveys for damp, structural and insulation condition before committing.
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