Summary - 1, Carroways Place CT9 1QX
7 bed 5 bath Block of Apartments
Investment-ready five-flat block close to Old Town and beaches, sold with tenants in place..
Freehold block of five flats (2 x 2-bed, 3 x 1-bed) with tenants in situ
This freehold block of five flats in central Margate offers a compact, buy-to-let portfolio close to Old Town, shops, restaurants and the seafront. The building (constructed 2003–2006) includes two 2-bed flats and three 1-bed flats, all sold with tenants in situ, providing immediate rental income and straightforward portfolio expansion for an investor.
Practical positives include mains gas central heating, double glazing, fast broadband and excellent mobile signal. Flat 5 benefits from an outside balcony/roof terrace that increases letting appeal; the property is a short walk to local amenities and well-rated primary and secondary schools.
Important considerations are factual: the area is classed as very deprived with a higher crime level, which may affect tenant mix and rental risk. The block is small (total c.679 sq ft across five flats) so some units are compact. The sale is by Modern Method of Auction: buyers must pay a non-refundable reservation fee (4.5% of price, min £6,600 inc VAT), pay buyer’s pack/admin fees, and complete within the auction timescale. The reserve price is undisclosed.
This is a clear investment play: immediate income with scope for modest refurbishment and management optimisation, balanced against local area challenges, tenant-in-situ restrictions and the auction process costs and timelines.
5 bedroom mews property for sale in 14 Market Place, Margate, Kent, CT9 1ES, CT9 — £300,000 • 5 bed • 1 bath • 2519 ft²
2 bedroom flat for sale in Athelstan Road, Cliftonville, Margate, Kent, CT9 — £85,000 • 2 bed • 1 bath • 431 ft²
4 bedroom terraced house for sale in Grosvenor Place, Margate, Kent, CT9 — £350,000 • 4 bed • 4 bath • 1834 ft²
1 bedroom flat for sale in Northdown Road, Margate, Kent, CT9 — £80,000 • 1 bed • 1 bath • 369 ft²
3 bedroom semi-detached house for sale in Clifton Gardens, Cliftonville, Margate, Kent, CT9 — £220,000 • 3 bed • 1 bath • 819 ft²
1 bedroom flat for sale in Athelstan Road, Margate, Kent, CT9 — £55,000 • 1 bed • 1 bath • 474 ft²
