Compact, chain-free flat with new long lease near Margate Old Town.
Chain-free first-floor one-bedroom flat with new 125-year lease
A compact, chain-free first-floor flat just on the edge of Margate town centre, offered with a brand new 125-year lease. The layout includes an entrance hall, sitting room, double bedroom, kitchen and bathroom — a straightforward home for a first-time buyer or a buy-to-let investor seeking easy access to the Old Town, harbour arm and local amenities.
The apartment benefits from gas central heating and double glazing, and the block is set around well-kept communal gardens and drying areas. Council Tax is low (Band A), and broadband and mobile signal are good — practical positives for everyday living or letting.
Internally the accommodation is tidy but dated in places: the kitchen is functional but shows signs of wear and would benefit from updating to unlock better rental or resale value. The property is compact (approx. 463 sq ft), so it suits single occupants, couples, or investors looking for a lower-entry purchase rather than a family seeking larger living space.
Buyers should note the service charge of £1,815.42 per annum and that the wider neighbourhood scores as very deprived; crime is average. These factors, plus the mid-20th-century construction and older double glazing, are important when assessing long-term costs and market appeal. Overall, this is a pragmatic starter home or refurbishment opportunity with a secure long lease and no onward chain.
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