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Sea Bathing Terrace, Margate CT9 - Image 1
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Sea Bathing Terrace, Margate CT9

South East

£950,000
Listed on 08/01/2025

Property Details

Bedrooms
5
Type
Detached house

Description

This distinctive Chapel and its accompanying outbuilding are nestled within the historical grounds of the former Royal Seabathing Hospital in Margate, CT9. The property presents a promising opportunity for renovation and investment, as it comes with planning permission for the conversion into seven flats. Currently housing five bedrooms, the Chapel is ripe for a complete overhaul, allowing prospective buyers to introduce their own vision and style to this significant structure. Its freehold status provides an advantageous level of ownership and autonomy for future development. Margate is not only known for its rich cultural heritage but also boasts various attractions that enhance its appeal. Proximity to Margate Train Station facilitates easy access for commuting, while the nearby beachfront offers recreational activities and scenic views. The presence of communal parking spaces adds extra convenience for both residents and visitors. This property stands out as a unique opportunity to invest in a piece of Margate’s legacy, with vast potential for value enhancement through thoughtful renovation. A visit will reveal the scope of what could be transformed into a vibrant residential space in a beloved coastal town.

Investment Analysis

(CT9 area)
Area Average
£308/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£500,000 - £800,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (CT9)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -0.5%
5 year growth: 19.2%
Investment Disclaimer: Analysis based on CT9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Sea Bathing Terrace, Margate CT9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,480
Based on a loan of £712,500 over 30 years at 4.19% interest

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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE