4 bed end terrace house for sale

Osborne Terrace, Margate CT9

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £290,000

Space and location, this 4 bedroomed family home has it all; currently tenanted, providing a ready-made and ideal Investment Opportunity. The current tenant has been renting this property for 7 years and the current owner is offering the property with the current tenant in situ.

The current rental income is £1300pcm. There is scope to increase rental income further in line with the local market values.

Step inside

This large 4 bedroomed family property has been lived in and loved by the current tenant for over 7 years.

The heart of the home is the kitchen, which is fully fitted, has plenty of work surfaces and space for the breakfast table. There is also a handy downstairs cloakroom and side access into the garden. The kitchen also has a pantry providing even more storage space plus access to the understairs cupboard.

On this level there is also a large living - dining room with double aspect windows.

Upstairs you'll find 4 bedrooms and a family bathroom.

Step outside

The front of the property includes a fenced garden area with direct access at the side of the property to the rear garden. At the rear of the property the garden includes a secluded grassed area, established plants and shrubs and a large pathed patio; plenty of space for the whole family to relax. There's also a useful brick out building.

Out and about

Set within a residential area, near to schools, Dane Park and Thanet's qeqm hospital. Margate's sandy beach and Old Town, with a range of independent shops, buzzing cafes, pubs and restaurants are a walk away.

Westwood Cross shopping centre with its leisure facilities, including restaurants and a multi-screen cinema is less than a 10 minute drive.

Margate is also a short drive to some wonderful beaches, golf courses and the famous Cathedral City of Canterbury and there are great rail and road links to central London.

There is a thriving cultural scene that has developed, complemented by countless boutique shops and creatives setting up work studios in the area and of course its famous theme park, Dreamland, which is also one of the area’s best live music venues.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.

These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Location

Set within a residential area, near to schools, Dane Park and Thanet's qeqm hospital. Margate's sandy beach and Old Town, with a range of independent shops, buzzing cafes, pubs and restaurants are a walk away.

Garden (12m x 6m)

Large patio area, lawn and separate brick outbuilding