4 bed terraced house for sale

Grosvenor Place, Margate, Kent CT9

For sale by Modern Method of Auction; Starting Bid Price £350,000 plus Reservation Fee.

This substantial four-storey freehold property presents an outstanding investment opportunity, having been professionally converted into four self-contained one-bedroom flats, all held under a single title. Thoughtfully laid out, each unit offers generous living space with modern, functional layouts that cater perfectly to the needs of today’s renters. The interiors are well-appointed, combining practical design with contemporary finishes, and each flat benefits from good natural light and comfortable proportions throughout.

The accommodation is arranged across four levels, with one flat per floor, ensuring privacy and minimal disruption between units. The lower ground floor (basement) flat enjoys the advantage of a private, self-contained entrance, enhancing its appeal to tenants seeking added privacy and independence. This flat features a spacious open-plan kitchen/living area, a well-sized bedroom, and a modern bathroom.

The upper three flats, located on the ground, first, and second floors, are accessed via a shared main entrance and communal stairwell. Each of these flats is similarly configured, offering a bright and airy open-plan kitchen/living space, a separate double bedroom, and a contemporary bathroom suite.

Auctioneer Comments:
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300 inc VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £7,080 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.

Location
Cliftonville is a coastal area in the town of Margate, situated to the east of the main town and mainly occupies Georgian and Victorian properties. The area itself is within easy walking distance of the 'Margate Old Town', Turner Contemporary Art Gallery and the Margate railway station which is approximately 2 miles away and offers fast services to Kings Cross, St. Pancras. There are also good road links to London via the A299 Thanet Way and M2 Motorway.