Summary - FLAT 4B, ARLINGTON HOUSE, ALL SAINTS AVENUE, MARGATE CT9 1XP
2 bed 1 bath Flat
Auction lot for cash buyers or investors seeking a low-entry refurbishment project.
Two-bedroom fourth-floor flat, 476 sq ft
A vacant two-bedroom fourth-floor flat in a purpose-built block, offered for sale by auction with a guide price of £25,000–£50,000. The property benefits from a lift, residents’ parking and clear access to local amenities, rail links and nearby Dane Park.
This is a small 476 sq ft unit with electric storage heating, secondary glazing and an EPC rating of E. The building dates from the mid-20th century and the flat will require cosmetic work and possible insulation upgrades to improve energy performance.
A material drawback is the short lease — approximately 50 years remaining. Mortgage lenders may refuse to lend, and any purchaser wanting long-term security will need to budget for a formal lease extension premium and legal costs. The area scores high for deprivation and local crime rates are very high, which may affect rental demand and resale value.
The lot is most suitable for cash buyers, experienced buy-to-let investors comfortable with auction purchases, or someone prepared to handle a lease-extension process and basic refurbishment. Seek specialist legal and survey advice before bidding; the auction sale is subject to public notice/repossession and legal pack checks.
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