13 Bed Flat For Sale Edgar Road, Margate, CT9

£725,000- Flat

1 of 9
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Last Updated: 13th March 2024

Description

The Property
BUY TO LET INVESTMENT OPPORTUNITY. Being offered to market with tenants in situ or vacant possession, this is a ready-made investment you cannot afford to miss.

Two joined terraced buildings with the layout as follows:

Number 14 Edgar Road comprises 7 bedrooms, 2 bathrooms, kitchen, large living room, and separate dining room. Potential annual income in the region of £20-25,000 per year.

Number 15 comprises 3 self-contained apartments - a 2 bedroom apartment and two 3 bedroom apartments currently generating £25-30,000 annual income, representing a healthy yield.

Properties in this area have high rental demand and historically sell quickly so early viewing is highly recommended.

Disclaimer for virtual viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.

If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.

Agent Details
Purplebricks
Suite 7 First Floor Cranmore Drive Shirley Solihull B90 4RZ

Investment Analysis

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Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested