Summary -
Flat 5,1, Fort Crescent,MARGATE,CT9 1HN
CT9 1HN
2 bed 1 bath Ground Flat
Character ground-floor flat with sea views — lease short, best for cash or specialist lending..
- Ground-floor two-bedroom flat with sea view
- Victorian bay window, high ceilings, hardwood floors
- Boiler replaced 2023; serviced July 2024
- Building undergoing exterior roof and decoration works
- Lease approx. 64 years left; lenders may refuse mortgages
- Service charge c. £2,000 pa; ground rent £50 pa (annual reviews)
- High local crime and very deprived area
- Fast broadband and excellent mobile signal
Set on the ground floor in central Margate, this two-bedroom flat delivers sea views and easy access to the Old Town and seafront. Period features such as a Victorian bay window, high ceilings and hardwood floors give the living room character and scope for a stylish interior. A recently fitted boiler (2023) — serviced July 2024 — reduces immediate maintenance costs.
This property will suit a buyer who values location and character and is prepared for some updating. The building is undergoing external roof and decoration works (scaffolding largely down at the rear); the front works are planned. Broadband is fast and mobile signal excellent, and nearby schools have good Ofsted ratings.
Important purchasing limitations are clear: the lease has about 64 years remaining and lenders may refuse mortgages on this basis. Service charges average around £2,000 per year, ground rent is £50 with annual reviews, and the neighbourhood records higher crime rates and marked deprivation. These factors materially affect affordability and mortgage options and should be checked with a solicitor and lender before viewing.
Overall, this is a central Margate flat with seaside appeal and renovation potential, best suited to a cash buyer, a buyer able to secure specialist lending, or an investor aware of lease and service-charge implications. All details should be verified legally before exchange.
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