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Victoria Road, Margate, CT9

South East

£350,000
Listed on 02/12/2025

Property Details

Bedrooms
5
Type
Semi-detached house
Area
1613 sqft

Description

This intriguing freehold property, formerly the office space for a local potato factory, presents a compelling investment opportunity in Margate. It comprises two spacious self-contained apartments, consistently rented for 15 years without any void periods, highlighting its robust rental attraction. The ground floor flat features two bedrooms, characterized by generous proportions and a private garden that extends to the pavement—ideal for those looking to refresh or reconfigure the living space. The upper-floor apartment boasts three bedrooms and substantial loft potential, offering further enhancement opportunities through conversion into additional living space (subject to planning permission). Positioned behind bespoke metal gates, this property not only offers immediate income potential but also various avenues for development—whether that be loft conversions or layout reconfigurations to maximize unit numbers. Situated close to Margate Old Town and the seafront, this site is perfect for investors aimed at capitalizing on its promising rental market and future growth possibilities.

Investment Analysis

(CT9 area)

Below Market Value

This property is priced -29.6% below area average per sq ft

-29.6%
Potential saving
This Property
£217/sq ft
Area Average
£308/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£546,573
10% above area average per sq ft
Potential ROI
+27.1%
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

Victoria Road, 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
£1,282
Based on a loan of £262,500 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