Summary - Flat 3, 16, Surrey Road, Cliftonville CT9 2LA
1 bed 1 bath Flat
Immediate rental income with long lease and straightforward auction sale.
Tenant in situ paying £660pcm—immediate rental income
Sold by Modern Auction; buyer pays reservation fee and buyer pack
Share of freehold with c.979 years remaining on lease
Approx 516 sq ft; split-level one-bedroom duplex
Small balcony with sea views; close to Margate Old Town
Area shows high crime and very deprived local metrics
Exterior and some elements require updating/refurbishment potential
Fast broadband and excellent mobile signal; very low council tax
This split-level one-bedroom duplex in Cliftonville is offered via the Modern Method of Auction with a tenant in situ, producing £660pcm (£7,920 pa). The flat occupies about 516 sq ft, includes gas central heating, double glazing and a small balcony with sea glimpses. Sold with a large lease (c.979 years) and a share of freehold, it suits buyers seeking immediate rental income and long-term security in tenure.
The property mixes period features (high ceilings, bay window) and modern internal presentation on the main living floor, while the exterior and some elements may need updating. Sale is at auction so buyers must allow for the non-refundable reservation fee (4.5% of purchase price, minimum £6,600 inc VAT) plus a £300 buyer information pack; read the pack carefully before bidding.
Location is close to the seafront and Margate’s cultural amenities, with fast broadband and excellent mobile signal. Note the area classification: higher local crime and significant deprivation metrics; this impacts yield expectations and lettability. Council tax is very low, which helps running costs.
Reasonable for investors looking for an affordable coastal rental with immediate income and long leasehold security. The key trade-offs are the auction costs and neighbourhood profile; budget for potential exterior works or refurbishment to maximise capital growth and rental prospects.
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