Sold STC Flat

FLAT 7

PALM BAY COURT, 11, PALM BAY AVENUE, MARGATE, KENT CT9 3DH

2 beds 1 baths 678 sq ft Listed 23 Aug 2022 (-1384d)

£325,000

Save
Property photo

Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Photo 7 Photo 8 Photo 9 Photo 10 Photo 11 Photo 12 Photo 13 Photo 14

/ 14

Property details

Tenure

LEASEHOLD

Floor area

63 m²

EPC rating

D

Year built

England and Wales: 1900-1929

Last sold

£325,000 Mar 2023

Price per m²

£5,159/m²

Local average

£171,753 (+89.2%)

Deprivation

Decile 5 (14,111 of 33,755)

Street crime

212 incidents within 1 mile (Mar 2026)

Key features

  • Council Tax Band: B
  • Balcony
  • Parking
  • Palm Bay Location
  • Close To Local Amenities
  • Within a 2 Minute Walk to Nearest Beach
  • Stunning Direct Sea Views

Additional details

Parking
Yes

Description

DUAL ASPECT SEA VIEWS!! Miles and Barr are delighted to offer to the market this fantastic two-bedroom third floor apartment. Situated in Palm Bay Avenue, this light and airy property has all you need on its doorstep. Internally the property offers an entrance hall, two good sized bedrooms, bathroom, kitchen, large living room with stunning sea views and access to the seafront balcony. Further benefits include private courtyard parking and shed, share of freehold, and a lift within the block.

An ideal place for those who enjoy easy access to beautiful beaches and open water swimming, or like to work from a home with a stunning view.
A peaceful, versatile space defined by a light paired-back palette, offering breath-taking sunrises and sunsets!

Call Miles and Barr 7 days a week to book your viewing!

MATERIAL INFORMATION
Length of lease: 999 years from 1st of June 2018
Annual ground rent amount: £0
Ground rent review period: N/A
Annual service charge amount: £1,218
Service charge review period: No date set
Council tax band: B

Palm Bay is situated in a sought-after location which is only a short walk to the seafront with fantastic views and cliff top walks, it also enjoys being less than a 10 minute stroll from the 'Blue Flag' Awarded Beach, Botany Bay. Palm Bay holds a small row of shops and a regular bus service across Thanet and the wider area. Margate is home to the Turner Contemporary art gallery and Margate's Old Town with its piazza, cafes, restaurants and harbour arm. Margate railway station offers fast services to Kings Cross, St. Pancras. There are also good road links to London via the A299 Thanet Way and M2 Motorway.

Entrance -

Bedroom One - 4.35 x 3.29 (14'3" x 10'9") -

Bedroom Two - 3.31 x 3.18 (10'10" x 10'5") -

Bathroom - 1.96 x 1.57 (6'5" x 5'1") -

Living Room - 4.62 x 5.28 (15'1" x 17'3") -

Kitchen - 3.53 x 1.99 (11'6" x 6'6") -

External -

Private Parking -

Courtyard Shed -

Listed by

Margate

The Lomond Group

Reference: 126337190

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: C

Inspection date: 02/05/2017

Current heating cost: £576/year

Potential heating cost: £276/year

Est. upgrade cost to C: £9,015

Recommendations

  • 50 mm internal or external wall insulation (£4,000 - £14,000)
  • Low energy lighting for all fixed outlets (£15)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Floorplan 1

EPC Graphs

EE Rating

EE Rating

Price history

61% since 2017

Event Date Price % change
Sold 29/03/2023 (3 years ago) £325,000 +60.9%
Sold 11/10/2017 (8 years ago) £202,000 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
WISHING TOWER APARTMENTS, 18 9 EASTERN ESPLANADE, CLIFTONVILLE, MARGATE, THANET, KENT, CT9 3BG £370,000 21/11/2025 Flat
FLORENCE COURT FLAT 8 EASTERN ESPLANADE, CLIFTONVILLE, MARGATE, THANET, KENT, CT9 2JD £158,000 22/09/2025 Flat
HIGHCLIFFE HALL, 16 FLAT 10 EASTERN ESPLANADE, MARGATE, THANET, KENT, CT9 2JB £240,000 19/12/2023 Flat
NORTHUMBERLAND COURT FLAT 29 NORTHUMBERLAND AVENUE, MARGATE, THANET, KENT, CT9 3BS £135,000 22/11/2023 Flat
81 - 83 FLAT 8 EASTERN ESPLANADE, CLIFTONVILLE, MARGATE, THANET, KENT, CT9 2JP £247,000 03/08/2023 Flat
ROBINA COURT FLAT 1 PALM BAY AVENUE, MARGATE, THANET, KENT, CT9 3DG £317,500 06/07/2023 Flat
LYNTON COURT MANSIONS, 93 FLAT 4 EASTERN ESPLANADE, MARGATE, THANET, KENT, CT9 3AA £197,000 14/04/2023 Flat
Same street 1 PALM BAY AVENUE, MARGATE, THANET, KENT, CT9 3DH £472,000 28/02/2023 Detached
WALPOLE HEIGHTS, 12 FLAT 3 EASTERN ESPLANADE, MARGATE, THANET, KENT, CT9 2JB £192,500 13/12/2022 Flat
ROBINA COURT FLAT 4 PALM BAY AVENUE, MARGATE, THANET, KENT, CT9 3DG £345,000 12/12/2022 Flat
HIGHCLIFFE HALL, 16 FLAT 7 EASTERN ESPLANADE, MARGATE, THANET, KENT, CT9 2JB £345,000 09/11/2022 Flat
GOODWIN COURT FLAT M LEICESTER AVENUE, CLIFTONVILLE, MARGATE, THANET, KENT, CT9 3DE £170,000 18/10/2022 Flat
HIGHCLIFFE HALL, 16 FLAT 15 EASTERN ESPLANADE, MARGATE, THANET, KENT, CT9 2JB £249,000 21/09/2022 Flat
WISHING TOWER APARTMENTS, 18 8 EASTERN ESPLANADE, CLIFTONVILLE, MARGATE, THANET, KENT, CT9 3BG £247,500 20/09/2022 Flat
WALPOLE HEIGHTS, 12 FLAT 6 EASTERN ESPLANADE, MARGATE, THANET, KENT, CT9 2JB £400,000 09/09/2022 Flat
DEVONIA HALL FLAT 1 BERESFORD GARDENS, MARGATE, THANET, KENT, CT9 3AJ £242,000 28/07/2022 Flat
LYNTON COURT MANSIONS, 93 FLAT 4 EASTERN ESPLANADE, MARGATE, THANET, KENT, CT9 3AA £166,500 30/06/2022 Flat
NORTHUMBERLAND COURT FLAT 22 NORTHUMBERLAND AVENUE, MARGATE, THANET, KENT, CT9 3BS £170,000 27/06/2022 Flat
FLORENCE COURT FLAT 19 EASTERN ESPLANADE, CLIFTONVILLE, MARGATE, THANET, KENT, CT9 2JD £158,000 21/06/2022 Flat
HIGHCLIFFE HALL, 16 FLAT 12A EASTERN ESPLANADE, MARGATE, THANET, KENT, CT9 2JB £250,000 21/06/2022 Flat
33 FLAT 7 BERESFORD GARDENS, CLIFTONVILLE, MARGATE, THANET, KENT, CT9 3AN £275,000 24/05/2022 Flat
Same street 9 PALM BAY AVENUE, MARGATE, THANET, KENT, CT9 3DH £420,000 16/12/2021 Detached
Same street 2 PALM BAY AVENUE, MARGATE, THANET, KENT, CT9 3DH £10,000 26/11/2021 Other

Street average: £300,667 (3 sales)

Area average: £243,750 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 8%
10y growth 40.5%

House Price Index (HM Land Registry — official index, not sold-price averages): Thanet. Series: Flats and maisonettes. As of March 2026.

1y (index) -7.9%
5y (index) -4.2%
10y (index) 27.8%

Rental Range

Estimated market rent for Thanet. Low = conservative, Realistic = average, Optimistic = best case.

Low £997/mo
Realistic £1,108/mo
Optimistic £1,219/mo

Based on Local Authority from postcode lookup → Thanet.

Location

Map view View on Google Maps View on OpenStreetMap Street View CT9 3DH

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Bethesda Surgery 0.1 miles
Bus stop Northumberland Avenue 0.1 miles
Shop Kent Tec 0.4 miles
Shop Holly Lane Minimart 0.4 miles
Hospital Queen Elizabeth The Queen Mother Hospital 1.3 miles
Train station Margate 1.6 miles
Train station Broadstairs 2.4 miles
Hospital Queen Victoria Memorial Hospital 11.5 miles

Street-level crime

Category Count
Violence and sexual offences 92
Anti-social behaviour 28
Other theft 12
Shoplifting 12
Criminal damage and arson 11
Public order 11
Vehicle crime 11
Other crime 10
Drugs 9
Burglary 6
Bicycle theft 4
Possession of weapons 3
Robbery 3
Total incidents 212

Within 1 mile during Mar 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Cliftonville Primary School Primary 0.5 miles Good — 17 Jul 2024
Palm Bay Primary School Primary 0.5 miles Good — 13 Nov 2014
Parkview Academy Other 0.7 miles Inadequate — 25 Sep 2024
St Anthony's School Other 0.7 miles Good — 4 Sep 2015
Northdown Primary School Primary 0.8 miles Good — 19 Jan 2022

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
2 Bed Flat, Palm Bay Court, CT9 £1,400/mo 2 0.01 miles OpenRent
2 Bed Flat, Palm Bay Court, CT9 £1,300/mo 2 0.02 miles OpenRent
2 Bed Flat, Surrey Road, CT9 £1,200/mo 2 0.25 miles OpenRent
2 Bed Flat, Cliftonville, CT9 £1,100/mo 2 0.27 miles OpenRent
2 Bed Flat, Surrey Road, CT9 £1,075/mo 2 0.28 miles OpenRent
2 Bed Flat, Second Avenue, CT9 £1,450/mo 2 0.35 miles OpenRent
2 Bed Maisonette, Norfolk Road, CT9 £985/mo 2 0.38 miles OpenRent
2 Bed Flat, Sweyn Road, CT9 £1,000/mo 2 0.51 miles OpenRent
2 Bed End Terrace, Grotto Road, CT9 £1,350/mo 2 0.81 miles OpenRent
2 Bed Terraced House, Dane Park Road, CT9 £1,500/mo 2 0.85 miles OpenRent
2 Bed Terraced House, Turkey St, CT9 £1,250/mo 2 1.09 miles OpenRent

Average rent: £1,237/mo (11 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.38%
Max investor price (0.8%) £156,250
Target investor price (1%) £125,000
Gross yield 4.6%
Cost-to-rent ratio 21.7×
Monthly cashflow £-180/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -2.3%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).