Guide price

£85,000

2 bed flat for sale
Flat 4 Edith Court, Victoria Road, Margate, Kent CT9

    • 2 beds

Auction
Leasehold
Added on 03/03/2026

About this property

    Please refer to auctioneer for more information Guide Price = £85,000-£115,000

    **For Sale By Public Auction 18th March 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

    A Vacant Lower Ground and Ground Floor Two Bedroom Split Level Flat

    Tenure
    Leasehold. The property is held on a 99 year lease from 1st January 2016 (thus approximately 62 years unexpired).

    Location
    The property is situated on a residential road close to local shops and amenities. The open spaces of Margate Beach are within easy reach. Transport links are provided by Margate rail station.

    Description
    The property comprises a lower ground and ground floor two bedroom split level flat situated within a detached building arranged over ground and two upper floors.

    Accommodation
    Lower Ground Floor
    Two Bedrooms
    Bathroom

    Ground Floor
    Open Plan Reception/Kitchen

    gia Approx: 105 sq m (1,129 sq ft)

    Further Information
    When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.

    Open House Viewings:

    Friday 6 March 2026 12:00 pm - 12:30
    Tuesday 10 March 2026 12:00 pm - 12:30
    Saturday 14 March 2026 12:00 pm - 12:30

    Addendum
    Please note that this property is subject to a Buyers Premium of £1,560 inc VAT. This is in addition to the buyer's admin fee of £1,800 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.

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    Monthly repayment

    £425 per month

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