3 bed semi-detached house for sale

St Peters Road, Margate CT9

Description

Located on St Peter's Road, Margate, this block of three self-contained flats is offered to the market as an excellent investment opportunity, currently generating a rental yield in excess of 7%. All three units are fully tenanted, making this a genuine turnkey purchase for investors.

The property is ideally positioned within close proximity to Margate town centre and the seafront. Qeqm Hospital is approximately 0.6 miles away, Margate Train Station 0.9 miles, and Margate High Street just 0.3 miles from the property. Sandy beaches, shops, and local amenities are all within comfortable walking distance.

Originally converted into four self-contained flats, the sale comprises three of the units, including:

A one-bedroom lower ground floor flat with a private courtyard garden

A one-bedroom first-floor flat benefiting from a separate storage room, suitable for use as a study or additional reception space

A one-bedroom second-floor flat with loft access, offering potential to create an additional bedroom, subject to the necessary consents

Additionally, there is scope to the side of the property for extension or further development, subject to planning permission. The current annual rental income is £25,500, with potential for future review and uplift.

Some images have been virtually staged or digitally enhanced for illustrative purposes to show the potential of the accommodation. These images are intended as a guide only and may not reflect the current condition or contents of the property.

Council Tax Band: A (Thanet District Council)
Tenure: Share of Freehold

Flat 1

Study

Hall

Bedroom

Bathroom

Kitchen/Lounge

Garden

Flat 3

Hall

Bedroom

Lounge

Kitchen

Bathroom

Flat 4

Hall

Bathroom

Kitchen

Bedroom

Lounge