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Auction
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£80,000
Guide Price

1 bed flat for sale Surrey Road, Cliftonville, Margate, CT9 2LA

1 bed 1 bath Flat
For sale by auction Tenure: ask agent

Added today

About this property

CJ006 A fantastic opportunity to acquire a spacious one-bedroom ground floor flat, ideally situated on the ever-popular Surrey Road. Offered with no onward chain, this well-presented property is perfect for first-time buyers looking to step onto the property ladder, as well as investors seeking an excellent addition to their portfolio. The accommodation is generously proportioned throughout and centres around a bright and spacious lounge/diner, creating the perfect space for both everyday living and entertaining guests.

Key features

  • Being sold via Modern Method of Auction
  • No-onward chain.
  • Fantastic opportunity to secure an investment property or to step onto the property ladder.
  • Situated on the ground floor.
  • Popular location - walking distance from the beach, and the vibrant Northdown Road which has a variety of popular bars, restaurants and shops.
  • Spacious double bedroom.
  • Electric central heating.
  • Well-maintained galley kitchen.
  • Generous sized lounge - ideal for entertaining guests.
  • Buyers fees apply.

Floorplan

Location

Surrey Road, Cliftonville, Margate, CT9 2LA

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

Mortgage and stamp duty

Property price £80,000
£40k £120k
Deposit10% £8,000
£0 £80k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years

A £72,000 mortgage. Most lenders would want a household income of about £16,000 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 2LA. Floor areas from Energy Performance Certificates where matched.

AddressSoldSizePrice
Flat 1, 16, Surrey Road Flat / maisonetteMar 20261,098 sq ft £223/sq ft£245,000
Flat 3, 16, Surrey Road Flat / maisonetteDec 2025517 sq ft £135/sq ft£70,000
Maisonette 2, 46, Surrey Road Flat / maisonetteJun 2025667 sq ft £187/sq ft£125,000
Flat 4, 16, Surrey Road Flat / maisonetteFeb 2025926 sq ft £173/sq ft£160,000
Flat 1, 16, Surrey Road Flat / maisonetteJan 20251,098 sq ft £152/sq ft£167,000
Flat 5, 34 - 36, Surrey Road Flat / maisonetteOct 2023657 sq ft £206/sq ft£135,000
Flat 6, 14, Surrey Road Flat / maisonetteMar 2023366 sq ft £321/sq ft£117,500
38 - 40, Surrey Road Flat / maisonetteNov 2021£85,000

All sales on Surrey Road → All sold prices in Margate →

Area insights

The neighbourhood around this property.

Marketed by
eXp UK, James Rixon
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