1 bed flat for sale The Passage, Margate, Kent, CT9

1 bed 1 bath Flat

Leasehold

Added on 16/09/2026

About this property

IDEAL INVESTMENT - LONG TERM TENANT - 7% PLUS YIELD! If you are looking for an investment with a good long term tenant then this property is ideal! The current tenant has been in this purpose built property for 9 years and is happy to stay but it could be sold vacant.

Key features

NO CHAIN
IDEAL INVESTMENT
7% PLUS YIELD
PARKING
GATED PURPOSE BUILT DEVELOPMENT
CLOSE TO THE SEA & LIDO
LONG TERM TENANT
COULD BE SOLD VACANT
LEASE OVER 100 YEARS

Floorplan

Location

The Passage, Margate, Kent, CT9

Open map Street View

Council tax band: Ask agent

Mortgage and stamp duty

Property price £120,000

£60k £180k

Deposit10% £12,000

£0 £120k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £108,000 mortgage. Most lenders would want a household income of about £24,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.