1 bedroom flat for sale
Key information
Property description & features
- Tenure: Leasehold (95 years remaining)
- Investment Opportunity
- One Bedroom Balcony Flat With Sea Views
- Established Tenant In Situ
- Private Balcony
- Allocated Parking Space
INVESTMENT OPPORTUNITY WITH ESTABLISHED TENANT IN SITU!
Miles & Barr are extremely pleased to be offering this one bedroom balcony flat located within the very heart of Westgate-on-sea. The property itself offers sea views to the front and internally boasts a spacious lounge, fitted kitchen with access out to a private balcony, a master bedroom and a family bathroom. Externally there is also an allocated car parking space. The property is being sold with a well established tenant in situ meaning this could be the perfect investment opportunity with an immediate income. There is currently a NET yield of 5.36% with scope to increase in the future.
Financial Breakdown
Gross Rent: £7,800.00
Net income: £7,500.00
Gross yield: 5.57%
Net yield: 5.36%
This property was constructed with Brick and Blocks and has had no adaptations for accessibility.
Identification Checks:
Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your identity. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.
Location Summary:
Westgate is regarded by some as a well-kept secret amongst the towns and villages along the North coast of Kent. This picturesque village provides a variety of shops, bars, restaurants and cafes. Westgate also has its own railway station providing a regular service to London Victoria and in the other direction to the popular seaside towns of Margate, Broadstairs and Ramsgate. There are many grand and historic buildings to be found in the area including the magnificent listed Carlton Cinema and lovely balcony apartments overlooking garden squares. There are a number of highly regarded schools to be found in the area in both the public and private sectors including grammar schools. You will also find a number of leisure and recreational facilities in the area including Westgate golf course, endless miles of promenade for runners and walkers as well as numerous other sports clubs.
EPC Rating: C
Entrance
Leading To
Bedroom (3.73m x 4.06m)
Lounge (4.42m x 4.93m)
Kitchen (3.1m x 3.86m)
Bathroom (2.26m x 1.85m)
Parking - Allocated parking
Places of interest
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Property reference 4304059d-08fb-406c-874e-38d59ba82db7. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Miles & Barr - Birchington.
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Broadband availability and predicted speed: obtained from Ofcom on December 18, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 25, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on August 19, 2024 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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