Summary - 45 FLAT 1 ST PETERS ROAD MARGATE CT9 1TJ
2 bed 1 bath Flat
Affordable coastal starter with strong refurbishment and rental potential.
- Two bedrooms and one bathroom in approximately 790 sq ft
- Needs full refurbishment to modern standards throughout
- Lease approx. 79 years — lenders may refuse mortgages
- Solid brick walls, assumed no insulation; energy upgrades required
- Service charge approximately £600 per year (below average)
- Close to Margate seafront, Old Town, and transport links
- Local schools rated Good; strong mobile signal and fast broadband
- Area classified as very deprived; crime levels above average
A two-bedroom leasehold flat on St. Peters Road offers an affordable route into Margate with clear scope to add value. Set within a Victorian end-terrace building, the property provides a bright lounge, separate kitchen, and one bathroom across about 790 sq ft. High ceilings and period bay-window character are present, though much of the interior needs renovation to modern standards.
Practical drawbacks are material and must be considered: the lease has around 79 years remaining, which may cause mortgage lenders to refuse lending. The flat requires refurbishment throughout, and the building has solid brick walls assumed to have no insulation. Crime rates in the area are above average, and the wider neighbourhood scores as very deprived—factors relevant to families and buy-to-let investors.
On the plus side, the location has strong transport links, excellent mobile signal and fast broadband, and is within easy reach of Margate seafront, Old Town and Westwood Cross shopping. Local schools nearby are rated Good by Ofsted, and nearby amenities include healthcare, bus services and shops. Service charges are modest at around £600 per year.
This property suits a first-time buyer prepared to refurbish and improve energy performance, or an investor able to deal with lease and lending implications. It represents an affordable coastal purchase with renovation upside, provided buyers take professional advice on lease extension and mortgage availability before committing.
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