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Nash Lane, Margate, CT9

South East

£200,000
Listed on 02/10/2025

Property Details

Bedrooms
1
Type
Detached house
Area
465 sqft

Description

This one-bedroom detached bungalow, located on a well-regarded residential street, presents an excellent opportunity for those looking to invest in a property with significant renovation potential. The single-level layout offers a spacious and adaptable environment that can be easily tailored to suit modern tastes. Inside, the heart of the home features a bright reception room enhanced by large front windows and French doors that lead out to the garden. This inviting space is versatile, suited for both relaxation and entertaining. The kitchen, while compact, provides practical functionality and could benefit from reconfiguration to maximize its use in contemporary living. The bungalow includes a reasonably sized bedroom and a bathroom, both awaiting personal updates. The outdoor spaces are particularly noteworthy; the private rear garden is mature and offers established trees and shrubs, providing an appealing backdrop for potential landscaping projects. A paved terrace creates an inviting area for seating, while side access and driveway parking enhance convenience. The property's traditional brick façade is framed by a low stone wall at the front, contributing to its aesthetic charm. It's important to highlight that approved plans for a single-storey rear extension are in place (local authority reference: FP/00974/23), potentially expanding both living space and value. Additionally, the current owner has initiated an application for a £25,000 interest-free loan under the local NUE scheme, which may be transferable to the new owner—an attractive incentive for anyone interested in updating or renting out the property after renovations. Situated conveniently close to transport links and amenities such as QEQM Hospital and Westwood Cross shopping centre, this bungalow offers both accessibility and investment appeal. Margate's vibrant community is enriched by its artistic culture—the Old Town features independent shops and galleries while renowned attractions like Turner Contemporary anchor the seafront. With excellent access to nearby beaches and recreational areas like Dreamland amusement park, residents can enjoy a lively coastal lifestyle with easy connections back to London. In summary, this property is ideal for buyers keen on embarking on a renovation project—whether they are first-time buyers eager to craft their dream home or downsizers seeking single-level comfort close to Margate’s rich cultural offerings.

Investment Analysis

(CT9 area)

Above Market Value

This property is priced +39.6% above area average per sq ft

+39.6%
This Property
£430/sq ft
Area Average
£308/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£157,568
10% above area average per sq ft
Potential ROI
-34.3%
After renovation
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

Nash Lane, 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
£733
Based on a loan of £150,000 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