Summary - Flat D, 23 Belgrave Road CT9 1XG
4 bed 4 bath Flat
Short walking distance to seafront and station, ideal for refurbishment investors.
Freehold block of four one-bedroom flats, all separate leases included
A centrally located freehold block in Margate, arranged as four self-contained one-bedroom flats. The building sits close to the seafront, Old Town and mainline station, offering strong rental demand and immediate lettings potential. It will be sold by online auction on 11 December 2025 with no onward chain.
Three flats are vacant and require refurbishment, while one flat is currently let on an Assured Shorthold Tenancy, providing immediate income. The block needs updating throughout: the EPC rating is E, heating is via electric storage heaters, and the solid-brick walls are likely uninsulated — all factors to budget for when planning works.
This is a practical opportunity for an investor prepared to manage refurbishment and tenant sourcing. The freehold ownership with separate leases simplifies long-term control and potential repositioning, but buyers should allow for renovation costs, possible structural repairs, and the location’s high crime and deprivation indicators when assessing yield and resale prospects.
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