Summary - Dane Hill, Margate, CT9 CT9 1QL
1 bed 1 bath Flat
Auction-ready investment with rental income potential and upgrade scope.
- One bedroom upper-ground flat with open-plan living space
- Advertised rental potential up to £700 pcm
- Long lease (116 years) and low ground rent (£50)
- Damp stain on ceiling; requires investigation and repair
- Solid brick walls; likely no insulation, scope for upgrades
- Area: high crime and very high deprivation; constrained-renter market
- Sale by auction with buyer fees and non-refundable reservation charge
- Tenure statement inconsistent — leasehold listed but freehold also claimed
A spacious one-bedroom upper ground flat in Dane Hill, offered via the Modern Method of Auction. The open-plan living area and kitchen are presented in generally good order and currently let, giving immediate investor interest with advertised rental potential around £700 pcm. The property benefits from long lease length (116 years remaining) and a small ground rent of £50. Council tax is noted as very low, and mains gas heating with double glazing are in place.
There are several important facts to note before viewing. The area record shows very high local deprivation and above-average crime levels; the neighbourhood is classified as a transitional Eastern European community with constrained renters. The auction sale carries significant additional costs: a non-refundable reservation fee of 4.5% (minimum £7,080), a buyer information pack fee (£349), and other possible optional service fees of up to £450. Prospective buyers using mortgage finance should check affordability and timing, as completion is required within 56 days.
On condition, the flat shows damp staining to a ceiling which should be investigated and repaired. The building is solid brick with assumed no wall insulation, so there is potential for energy-efficiency improvements. The listing text also states the sale includes the freehold for the entire building; however the property is recorded here as leasehold — this tenure inconsistency must be clarified by buyers before bidding. Given the location and condition, the flat suits investors seeking a let-ready property or a buyer prepared to manage minor repairs and local market risks.
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