For sale by Modern Method of Auction; Starting Bid Price £75,000 plus Reservation Fee.


Situated on the prestigious Athelstan Road, this two-bedroom lower ground floor flat is currently being sold chain free and vacant, it was generating an annual income of £7,800, equating to an attractive gross yield of 8.04%. While it requires some refurbishment to reach its full potential, this property represents a compelling investment opportunity.

This generously proportioned flat comprises two spacious bedrooms, offering comfortable living spaces. Athelstan Road's prestigious location ensures proximity to local amenities, parks, and schools. With a bit of renovation work, this flat can be transformed into a stylish and charming residence tailored to your preferences. Currently, it serves as an excellent investment, providing a reliable income stream from day one. The impressive gross yield of 8.04% makes this property a lucrative investment opportunity. It enjoys convenient transportation links, making commuting easy, which enhances its appeal for tenants and future resale potential. Additionally, residents have access to a communal garden area for relaxation and outdoor activities. Local shops, restaurants, and essential amenities are within easy reach, ensuring convenience for both residents and tenants.

This property on Athelstan Road represents a rare opportunity to secure a slice of one of the town's up and coming areas. If you are an investor seeking a high-yield property or looking to get on the ladder yourself then arrange a viewing today and discover the hidden possibilities of this promising property.

Auctioneer Comments:

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300 inc 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 4.2% of the purchase price inc VAT, subject to a minimum of £7,080 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/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. These services are optional.

Room Sizes
Entrance Door to:

Hallway Leading to:

Kitchen/Lounge 14' 4" x 16' 2" (4.36m x 4.93m)

Bedroom 7' 10" x 12' 5" (2.38m x 3.79m)

Bedroom 8' 2" x 10' 11" (2.50m x 3.34m)

Bathroom 6' 3" x 8' 4" (1.90m x 2.53m)

Margate Area Guide

Margate – Shoreditch-on-sea Investment into Margate over the last five years has seen the town undergo a complete revival and it is continually on the up. Many have begun referring to it as Shoreditch on sea for its hip independent stores. Margate has a thriving culture with new cafés, restaurants and a good mix of independent and chain shops continuing to