Second-floor Victorian flat with direct sea views — lease issue requires attention..
Direct sea views from the lounge and front aspect
Top-floor apartment with potential for a roof terrace (subject to consent)
Approximately 840 sq ft; two bedrooms, one bathroom
Lease currently 65 years — lenders may refuse mortgages
Seller intends lease extension to 99 years on completion — confirm details
EPC rating E; some energy-efficiency improvement likely needed
High local crime and very deprived area may affect resale/insurance
Ground rent £160pa; maintenance charge 16.67% of costs
Top-floor two-bedroom apartment with direct sea views from the lounge, situated on Northdown Road in Margate. The building retains Victorian character externally and the flat offers a practical layout with a through hall, fitted kitchen and a single bathroom. The property measures about 840 sq ft and benefits from double glazing and gas central heating.
Important practical notes: the current lease has 65 years remaining — mortgage lenders may refuse to lend on this term. The seller intends to extend the lease to 99 years on completion; buyers should confirm the extension terms, costs and timing. EPC rating E and the area records higher crime levels and very high deprivation, which may affect resale and insurance costs.
This apartment suits a cash buyer, buy-to-let investor or someone seeking a seaside pied-à-terre who values the view and location over immediate turnkey refinement. There is potential to create an outside roof terrace (subject to consents) and modest cosmetic updating would add value. Photos are virtually staged; viewing is recommended to assess condition and layout in person.
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