Norfolk Road, Margate
South East
£200,000
Listed on 19/09/2026
Listed on 19/09/2026
The listing
Property details
Bedrooms
3Type
FlatFeatures
- Garden
- Tenanted
Description
This three-bedroom flat is set within a period conversion and offers a spacious lounge/diner, separate kitchen, bathroom and three double bedrooms. The property is currently tenanted and may be purchased as an ongoing investment or with vacant possession. The accommodation would benefit from updating, giving a buyer scope to refresh it to their requirements.
The building retains period character and has communal rear gardens, along with a bike and storage shed for each apartment. The seafront and Northdown Road's independent shops, cafes and local amenities are within walking distance.
The flat is leasehold, with 117 years remaining on the lease, a stated ground rent of £150 per annum and service charge of £115 per month, according to the vendor. Buyers should confirm the lease and charges as part of their enquiries.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
52out of 100
Grade DWeak opportunity
Confidence: LOW
This three-bedroom period flat looks like a liveable, light-refresh project rather than a major renovation. Its generous accommodation, character frontage and communal garden give buyers a good canvas to personalise, while the photographed kitchen and bathroom appear serviceable. Cliftonville’s seafront and Northdown Road amenities add to the appeal, and the flat can be bought with vacant possession or as an ongoing investment.
At £200,000, value against local £/sqf cannot yet be judged because the floor area is missing. The WHOTS score is therefore a weak 52/100, with the main limitation being that price and residual value cannot be assessed from the available area data.
Key opportunities
- Personalise the plain finishes and refresh minor wall marks across the photographed living spaces.
- Make use of the generous three-bedroom layout and spacious lounge/diner as a home or ongoing investment.
- Enjoy the period character, communal garden and bike/storage shed close to the seafront and Northdown Road.
Key risks
None recorded.
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Transport
Nearest stations
Margate Rail Station
1.3 miles
Train · Margate
Broadstairs Rail Station
2.4 miles
Train · Broadstairs
Westgate-on-Sea Rail Station
2.8 miles
Train · Westgate-on-Sea
Dumpton Park Rail Station
3.1 miles
Train · Dumpton
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£756
Based on a loan of £150,000 over 30 years at 4.45% 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.
Tax
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