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£160,000
POA

2 bed flat for sale Princes Crescent, Margate, CT9 1LY

2 beds 1 bath Maisonette
Tenure: ask agent

Added today

About this property

CJ006 Situated on Princes Crescent in Margate, this well-positioned two-bedroom maisonette offers well-proportioned accommodation, a private courtyard garden and the benefit of a private entrance. The property is also within walking distance of Margate Old Town, making it an excellent choice for a first-time buyer or investor. Upon entering through the private front door, stairs lead up to the first-floor landing.

Key features

  • Accessed via a private entrance.
  • Situated on the first floor.
  • Private courtyard garden.
  • Being sold with a generous lease.
  • Ideal first-time buy or investment opportunity.
  • Gas central heating with a new boiler installed within the last five years.
  • Oak doors throughout the property.
  • Walking distance from Margate old town.
  • Local parking permits apply under section A for Margate.
  • Two bedrooms.

Floorplan

Location

Princes Crescent, Margate, CT9 1LY

Council tax
Band D (Approx £2,491/year)

Mortgage and stamp duty

Property price £160,000
£80k £240k
Deposit10% £16,000
£0 £160k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years

A £144,000 mortgage. Most lenders would want a household income of about £32,000 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.

Historic sold prices nearby

HM Land Registry sales in CT9 1LY. Floor areas from Energy Performance Certificates where matched.

AddressSoldSizePrice
14, Princes Crescent TerracedMar 20251,141 sq ft £285/sq ft£325,000
12, Princes Crescent TerracedDec 2024624 sq ft £312/sq ft£195,000
16, Princes Crescent TerracedMar 20241,163 sq ft £280/sq ft£325,000
31, Princes Crescent Flat / maisonetteFeb 20231,001 sq ft £250/sq ft£250,000
25, Princes Crescent TerracedNov 2022926 sq ft £443/sq ft£410,000
6, Princes Crescent TerracedOct 20211,378 sq ft £279/sq ft£385,000
32, Princes Crescent Flat / maisonetteDec 2019646 sq ft £221/sq ft£143,000
6, Princes Crescent TerracedNov 20191,378 sq ft £189/sq ft£260,000

All sales on Princes Crescent → All sold prices in Margate →

Area insights

The neighbourhood around this property.

Marketed by
eXp UK, Charlie Mitchell
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