9 Victoria Road, Margate, Kent

Description

A Vacant Three Bedroom Mid Terrace House in Need of Refurbishment. The property comprises a three bedroom mid terrace house arranged over lower ground, ground and two upper floors.

Accommodation

Lower Ground Floor: Reception Room. Ground Floor: Kitchen; Bathroom. First Floor: Bedroom. Second Floor: Two Bedrooms. Exterior: The property benefits from a rear yard.

Location

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

Tenure / Property Information

Investment Analysis

The strongest evidence is the £397,000 completed sale of 17 Victoria Road on 16 July 2026. However, the comparable's bedroom count, condition and accommodation are not supplied, so it cannot be treated as a definitive valuation. Older same-road sales range from £199,000 to £280,000 between 2018 and 2022. A provisional base GDV of £397,000 is used, with a lower historical same-road scenario of £270,000; this remains low-confidence and requires inspection and further comparables.

Investment Snapshot

Strategy Recommendation

Do not bid or commit to a strategy until the guide price, legal pack, inspection findings, refurbishment budget and comparable evidence are available. Subject to those checks, the property may suit a refurbishment-led hold or resale, but current evidence is insufficient to establish a viable margin.

Works Required

General refurbishment is required, but the evidence does not specify individual defects or a scope of works. Inspection should establish the condition of the kitchen, bathroom, finishes, services, structure and lower-ground-floor accommodation before budgeting.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a provisional £397,000 GDV, 75% refinance would be approximately £297,750. Cash left in cannot be calculated because no purchase price, refurbishment allowance or complete acquisition-cost figure is supplied. The refurbishment requirement and absence of a guide price make a reliable BRRR assessment unavailable.

Buy-to-Let Analysis

The supplied rental evidence is one advertised asking rent of £1,600 pcm for a three-bedroom house in Margate, equivalent to £19,200 per annum. This indicates a gross yield of approximately 4.84% against the provisional £397,000 GDV, or 7.11% against the £270,000 lower scenario. Yield on acquisition cost cannot be established because no guide or purchase price is supplied, and the rent is advertised rather than achieved.

Flip Analysis

A flip appraisal cannot be completed reliably. The provisional GDV is supported only by a same-road sale with unknown comparability, while refurbishment costs, purchase price, selling costs and other acquisition costs are not supplied. No flip surplus is therefore calculated.

Investor Risks & Due Diligence

• No guide price or purchase price is supplied, so maximum bid and total project cost cannot be calculated.

• The property is vacant and expressly requires refurbishment, but no verified scope or cost allowance is available.

• The principal £397,000 comparable has no supplied bedroom count, condition or detailed accommodation for direct comparison.

• The rental evidence is an advertised asking rent, not an achieved or passing rent.

• Special conditions may include search fees, seller-cost reimbursement, legal fees, transfer fees and other disbursements.

• The lower-ground-floor reception room and overall split-level layout require inspection and legal review.

Recommendation

Do not bid or commit to a strategy until the guide price, legal pack, inspection findings, refurbishment budget and comparable evidence are available. Subject to those checks, the property may suit a refurbishment-led hold or resale, but current evidence is insufficient to establish a viable margin.

Strategy Rating

Analysis Confidence

There is useful same-road completed-sale evidence and one rental asking figure, but the comparable property details, guide price, refurbishment costs, buyer premium and several potential auction costs are unavailable.