Summary - 6 ST MILDREDS ROAD MARGATE CT9 2LT
4 bed 1 bath Semi-Detached
Large four-bed Edwardian semi with high ceilings and real refurbishment potential near Dane Park..
- Four bedrooms and three reception rooms, high ceilings and bay windows
- Needs full refurbishment; visible mould/damp in living room
- Solid brick walls with no assumed insulation, higher upgrade cost
- Single bathroom for four bedrooms; plumbing likely requires updating
- Double glazing installed post-2002; mains gas boiler and radiators working
- Small rear garden and small plot; limited external expansion scope
- High local crime and very deprived area may affect yields/resale
- Being sold at online auction; 5% non-refundable deposit plus reservation fee
A substantial four-bedroom Edwardian semi-detached on St. Mildreds Road offering strong refurbishment potential close to Dane Park. The house has three reception rooms, high ceilings and bay windows that could produce attractive period features once restored. Practical positives include double glazing (fitted post-2002), mains gas boiler and fast broadband/mobile signal.
Be straight: the property needs a full refurbishment. There is evidence of mould/damp in the living room, solid uninsulated brick walls, and only one bathroom for four bedrooms. The plot is small and the area records high crime and very high deprivation—factors to factor into rental yields or resale plans.
This lot is being sold at a secure online auction (starting bid advertised at £240,000). Legal pack and auction terms apply; purchasers should budget for a 5% non-refundable deposit on exchange plus a reservation fee (up to 6% inc. VAT, minimum £6,000). This is best suited to a cash buyer, a buyer with renovation funds, or an investor prepared for works and sales/letting restrictions in a challenged local market.
Nearby schools and local amenities are reasonably convenient, and Dane Park is on the doorstep. If you have experience managing refurbishment projects or are looking for an investment requiring active improvement, this property offers scope to add value; for 95% mortgage-dependent first-time buyers this is likely unsuitable.
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