Summary - Grosvenor Place, Margate, CT9 CT9 1UY
8 bed 4 bath Block of Apartments
Income-ready seaside investment with refurbishment upside and immediate rental scope.
Freehold block of four two-bedroom flats in Margate
Current gross income £33,540 pa; one flat vacant
Projected fully-let income in excess of £45,000 pa
Victorian character: bay windows, high ceilings, period features
EPCs range C–D; some energy upgrades likely beneficial
No private garden; some flats have compact room footprints
Area: very deprived with very high crime — impacts costs
Photos outdated; some cosmetic/maintenance works likely required
This freehold block of four two-bedroom flats in Margate offers an immediate income stream and scope to increase returns. Currently producing £33,540 pa with one flat vacant, the building projects a gross income above £45,000 pa when fully let. The Victorian façade, bay windows and high ceilings provide period character that appeals to coastal renters and short-term lets alike.
The flats are well located close to Margate Old Town, the beach and transport links to London, supporting letting demand. EPC ratings range between C and D across the units; some energy improvements could improve tenant appeal and reduce running costs. There is no private garden and internal room sizes vary, with some compact rooms that will suit couples or single professionals rather than families needing large living space.
Buyers should weigh the rental upside against clear local challenges. The area is classified as very deprived with a very high crime rate; this can affect management costs, tenant churn and insurance premiums. One unit is currently vacant — an immediate let could raise income, but prospective purchasers should budget for possible refurbishment and ongoing management to maintain occupancy.
For an investor seeking near-term yield and longer-term capital growth from a character seaside asset, this block offers tangible upside through re-letting, minor upgrades and energy improvements. The freehold title simplifies ownership and the property’s proximity to amenities and schools supports steady local demand, but sensible provisioning for maintenance, security and letting voids is essential.
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