Summary - Flat 3, 23 King Street CT9 1DD
2 bed 1 bath Flat
Short walk to beach, shops and station — ideal for holiday lets or rental income.
Upper‑ground two‑bedroom apartment, approx 539 sq ft (50.1 sqm)
Set on King Street in Margate Old Town, this compact upper‑ground two‑bedroom apartment offers period charm and straightforward rental potential. At about 539 sq ft the layout is efficient: a combined kitchen/diner is the principal living space, with a separate lounge and two modest bedrooms. Original features such as high ceilings, sash windows and a fireplace give character but the interior will benefit from updating to maximise returns or comfort.
The property is leasehold with 187 years remaining and a service charge around £1,500 pa; council tax is described as very cheap. Heating is by mains gas boiler and radiators. There is no private external amenity visible and the flat fronts directly onto a narrow high street with adjacent retail premises, which limits outdoor space and privacy but supports town‑centre rental demand.
Location is the apartment’s strongest commercial argument: Margate Old Town, close to galleries, cafes and the seafront, with Margate station within walking distance. The immediate neighbourhood is described as a constrained, transitional area with higher crime rates and pronounced local deprivation; these factors affect both capital growth prospects and lettability criteria. Broadband is average but mobile signal is excellent.
For an investor or buyer seeking a compact holiday let or rental, this property offers a relatively low‑entry point into a desirable Old Town location and a long lease. Be realistic about refurbishment costs and management requirements given the limited internal space, town‑centre setting and local area challenges. Viewings are recommended for those assessing income potential or a modest refurbishment project.
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