Property For Sale

Springer Homes are delighted to bring to the market this tenanted 2 bedroom flat in the Ethelbert Terrace area of Margate. This 2nd floor flat has lots of potential and boasts amazing views over the English Channel. It is also close to the old town of Margate, the popular main sands beach and the turner contemporary art gallery. This really is a beautiful place to live and boast so much of the much loved Margate destination, there is public transport in walking distance away as well as local schools, shops and restaurants. Margate also hosts the fast speed rail link into London Victoria.

Ground rent (£200pa) and Service charge (£250pa) but will be confirmed by your solicitor.
There are 109 years left on the lease but again will be confirmed with your solicitor.  

The property consists of: - 

Entrance to the flat 
lounge/kitchen (with sea views) 
Master Bedroom (with sea views) 
2nd Bedroom at the rear 
Family bathroom 

The flat is currently let to a lovely family who have been here a while, the rent achieved is £525pcm which is £6300pa - currently 4.5%yield (this is way under the current market rent for the property) The property should be achieving around £700 725pcm which is £8700 - which could achieve you 6.0% yield. 

We do expect the property to be very popular so would recommend a fast viewing. offers over £145,000.00