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2 Upper Balcomb Mews, Millmeads, Margate, CT9 3YN - Image 1
2 Upper Balcomb Mews, Millmeads, Margate, CT9 3YN - Image 2
2 Upper Balcomb Mews, Millmeads, Margate, CT9 3YN - Image 3

2 Upper Balcomb Mews, Millmeads, Margate, CT9 3YN

South East

£150,000Guide Price

Listed on 05/10/2026

The listing

Property details

Bedrooms
2
Type
Terraced Bungalow

Features

  • Garden
  • Parking

Description

This two-bedroom terraced bungalow presents a promising opportunity for renovation and investment. While it requires modernisation throughout, it features a garden and a shed at the rear, along with a driveway at the front, enhancing its appeal. The property is conveniently located near local amenities in Margate and is currently vacant, allowing for immediate occupancy or refurbishment. With an EPC rating of C, there is potential to improve energy efficiency further. Offered at auction, this property is ideal for those looking to create a personalised living space in a desirable location.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

46out of 100
Grade ELow opportunity

Confidence: LOW

This two-bedroom terraced bungalow in Margate presents a substantial renovation opportunity for those looking to create their ideal home. While it shows signs of neglect and requires modernisation throughout, its competitive asking price of £150,000 is below local averages, making it an attractive prospect for investors or first-time buyers willing to tackle a project. The addition of a garden and shed provides further potential for outdoor enhancements, while the driveway offers convenient off-street parking.

However, the property is a heavy project with significant work needed across all areas, including the dated living spaces, bedrooms, kitchen, and bathroom. The overall condition suggests that a full-gut renovation will be necessary to unlock its true potential. With the right vision and investment, this bungalow could be transformed into a charming home in a desirable location near amenities.

Key opportunities

  • Opportunity to fully modernise and personalise the living spaces, creating a contemporary layout that maximises space and comfort.
  • The garden offers potential for landscaping, providing an outdoor retreat that enhances the property's appeal.
  • The competitive asking price allows for a significant investment in renovations to increase property value.

Key risks

  • Stripped interiors and a £10,000–£30,000 works budget indicate a full-gut programme is required, rather than a simple cosmetic refresh.

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Map

Location

2 Upper Balcomb Mews, Millmeads, Margate, CT9 3YN
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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
£567
Based on a loan of £112,500 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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Indicative tax based on the asking price and the options you select.

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