Summary - 2 FLAT 3 NORFOLK ROAD CLIFTONVILLE MARGATE CT9 2HY
1 bed 1 bath Flat
Chain-free one-bedroom flat with tenants in situ and c.9% yield, close to shops and beach..
- Currently generating an advertised c.9% yield
- Sold with tenants in situ, no forward chain
- Allocated off-street parking space
- Large open-plan kitchen/living area (c.35'6")
- Long lease remaining (approx. 123 years)
- Electric room heaters; higher running costs possible
- Solid brick walls, likely no cavity insulation
- Located in an area with high crime and deprivation
A compact ground-floor one-bedroom flat presented as a clear buy-to-let opportunity, currently producing an advertised c.9% yield with tenants in situ. The flat sits in a converted Victorian building close to Northdown Road’s shops, cafes, transport links and the beach — convenient for steady rental demand from coastal and town-centre renters.
Internally the property offers a long, flexible open-plan kitchen/living area (c.35'6"), a double-aspect bedroom and a small home office/studio. Sold chain-free with an allocated off-street parking space and a long lease (c.123 years remaining), the flat is low-maintenance for a landlord and straightforward to manage while tenanted.
Buyers should note material drawbacks: heating is electric (room heaters) and the building has solid brick walls likely without insulation, which may affect running costs and tenant comfort. The area records higher crime rates and significant local deprivation, factors important for rent levels and long-term capital growth.
This property suits investors seeking immediate rental income and minimal voids, or a first-time buyer wanting a compact coastal base with rental potential. It offers reliable short-term returns but limited scope for on-site improvement and modest amenity space, so assess running costs and tenant profile before purchase.
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