4 bed end terrace house for sale

Osborne Terrace, Margate CT9

Summary

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.

Council Tax Band: B
Tenure: Freehold

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

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 or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this 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. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.