Osborne Terrace, Margate

Space and location, this 4 bedroomed family home has it all; currently tenanted, providing a ready-made and ideal Investment Opportunity. The current tenant has been renting this property for 7 years and the current owner is offering the property with the current tenant in situ.

The current rental income is £1300pcm. There is scope to increase rental income further in line with the local market values.

Step inside

This large 4 bedroomed family property has been lived in and loved by the current tenant for over 7 years.

The heart of the home is the kitchen, which is fully fitted, has plenty of work surfaces and space for the breakfast table. There is also a handy downstairs cloakroom and side access into the garden. The kitchen also has a pantry providing even more storage space plus access to the understairs cupboard.

On this level there is also a large living - dining room with double aspect windows.

Upstairs you'll find 4 bedrooms and a family bathroom.

Step outside

The front of the property includes a fenced garden area with direct access at the side of the property to the rear garden.  At the rear of the property the garden includes a secluded grassed area, established plants and shrubs and a large pathed patio; plenty of space for the whole family to relax. There's also a useful brick out building.

Out and about

Set within a residential area, near to schools, Dane Park and Thanet's QEQM hospital. Margate's sandy beach and Old Town, with a range of independent shops, buzzing cafes, pubs and restaurants are a walk away.

Westwood Cross shopping centre with its leisure facilities, including restaurants and a multi-screen cinema is less than a 10 minute drive.

Margate is also a short drive to some wonderful beaches, golf courses and the famous Cathedral City of Canterbury and there are great rail and road links to central London.

There is a thriving cultural scene that has developed, complemented by countless boutique shops and creatives setting up work studios in the area and of course its famous theme park, Dreamland, which is also one of the area’s best live music venues.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including 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 including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.