1 bedroom flat for sale

For sale by Modern Method of Auction; Starting Bid Price £110,00 plus Reservation Fee.

Miles and Barr are delighted to bring to the market this well-maintained one-bedroom upper ground floor flat, located in the sought-after area of Dane Hill. Whether you're looking for an ideal investment opportunity or a cosy home to call your own, this property is brimming with potential.

The flat has been lovingly cared for by the current tenants and is presented in good condition throughout. With a rental potential of up to £700 per calendar month, it offers a fantastic return for investors. Alternatively, its desirable location makes it perfect for those seeking a convenient and comfortable living space.

One of the standout features of this property is that it comes with the freehold for the entire building, providing you with complete control over the running costs€”an invaluable benefit for any owner.

Positioned in a fantastic spot, this property is not to be missed. Contact Miles and Barr today to arrange a viewing and discover all this home has to offer.

Property is brick and block construction and has not had any adaptions for accessibility.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £7,080.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.


Identification checks
Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your identity. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Location:
Margate is a fantastic seaside town and contains the areas of Cliftonville, Garlinge, Palm Bay and Westbrook. The energy surrounding Margate is excellent, it holds the likes of a world class Art Gallery, the UK's original pleasure park 'Dreamland', fast Rail links into London and of course not forgetting the stunning sandy beaches and sparkling bays. You are within a 10 minute drive to the neighbouring towns which are Broadstairs, Ramsgate and Birchington. There are also good road links to London via the A299 Thanet Way and M2 Motorway.