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Dane Hill, Margate, CT9

PROPERTY TYPE

Flat

BEDROOMS

1

BATHROOMS

1

SIZE

3,296 sq ft

306 sq m

Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • How would the construction of your property best be described? NA
  • one of the other flats in the building having less than marriage value on the lease (53 yrs) and in need of extending their lease term. potential £20k in terms of the premium

Description

For sale by Modern Method of Auction; Starting Bid Price £120,00 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.

Entrance

Door to:

Entrance Hall

Leading to:

Lounge/Kitchen

4830 x 4519

Bedroom

2090 x 3770

Shower Room

1270 x 2840

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Ask agent
GARDENA property has access to an outdoor space, which could be private or shared.
Ask agent
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Ask agent

Dane Hill, Margate, CT9

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About Miles & Barr, Margate

155-157 Northdown Road, Cliftonville, Margate, CT9 2QY

Our Cliftonville team has a wealth of experience within the property industry and our strength is the ability to deliver high-quality customer care and a friendly and trusted service.

We have seen the opening of the Turner Centre, the regeneration of the Old Town and optimistic media interest that has raised our profile in Thanet attracting out of town buyers into our area. Our high market share in Thanet allows us to be the chosen agent representing the Relocation Agent Network, the world's leading relocation service. We aim to put trust, personality and confidence into the market place by consistently doing the basics of our business well.

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£512
We think you can borrow up to
Add your household income above
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Notes

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Disclaimer - Property reference MCS240049. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Miles & Barr, Margate. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Miles & Barr, Margate on 01843 260838.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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