Sold STC Flat

Bayer Street

Margate, Kent, CT9, CT9 4GN

2 beds 1 baths Listed 6 Feb 2026 (-164d)

£60,000

Offers Over

Reduced on 30 Mar 2026

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# 2 bedroom flat for sale (CT9 4GN)

## Property Details

| Key | Value |
|-----|-------|
| Address | Bayer Street, Margate, Kent, CT9, CT9 4GN |
| Price | £60,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | B |
| Last sold | £75,250 |

## Description

Modern Two-Bedroom Second Floor Apartment – Chain Free | 35% Shared Ownership with Orbit Homes

Offered chain free, this well-presented two-bedroom purpose-built second floor apartment is an excellent opportunity for first-time buyers or anyone seeking affordable, modern living.

The property features two generously sized double bedrooms, including a principal bedroom. A modern family bathroom and a bright open-plan kitchen, dining, and living area provide a comfortable and functional living space, with direct access to a private balcony.

Additional benefits include a private parking space and a secure entry system. The apartment is offered on a 35% shared ownership basis with Orbit Homes, with the remaining 65% share subject to rent and service charge, totalling £420.70 per month.

Identification checks

If an offer is accepted on a property marketed by Miles & Barr, all purchasers are required to complete ID verification checks. This is a legal obligation under Anti-Money Laundering Regulations. We use a specialist third-party company to carry out these checks. The fee is £60 (including VAT) per person or £120 (including VAT) if purchasing under a company name, payable once the offer is agreed and before the sales memorandum is issued. Please note that this charge is non-refundable

Location

Margate is a fantastic seaside town and contains the areas of Cliftonville, Garlinge, Palm Bay and Westbrook. The energy surrounding Margate is excellent, it holds the likes of a world class Art Gallery, the UK's original pleasure park 'Dreamland', fast Rail links into London and of course not forgetting the stunning sandy beaches and sparkling bays. You are within a 10 minute drive to the neighbouring towns which are Broadstairs, Ramsgate and Birchington. There are also good road links to London via the A299 Thanet Way and M2 Motorway.

## Property Photos

- ![Picture 1](/listings/photos/171940958/1054624) - Picture 1
- ![Picture 2](/listings/photos/171940958/1054625) - Picture 2
- ![Picture 3](/listings/photos/171940958/1054626) - Picture 3
- ![Picture 4](/listings/photos/171940958/1054628) - Picture 4
- ![Picture 5](/listings/photos/171940958/1054630) - Picture 5
- ![Picture 6](/listings/photos/171940958/1054633) - Picture 6
- ![Picture 7](/listings/photos/171940958/1054634) - Picture 7
- ![Picture 8](/listings/photos/171940958/1054635) - Picture 8
- ![Picture 9](/listings/photos/171940958/1054637) - Picture 9
- ![Picture 10](/listings/photos/171940958/1054639) - Picture 10

## Floorplans

- ![Picture 11](/listings/photos/171940958/1054641) - Picture 11

## EPC Graphs

- ![Picture 12](/listings/photos/171940958/1054646) - Picture 12

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 26 WHERRY CLOSE, MARGATE, THANET, KENT, CT9 4BP | £153,000 | 19/09/2024 | Flat |
| [Same street] 1 FLAT 3 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN | £75,250 | 17/11/2023 | Flat |
| [Same street] 1 FLAT 6 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN | £75,250 | 10/11/2023 | Flat |
| [Same street] 1 FLAT 2 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN | £105,000 | 27/10/2023 | Flat |
| [Same street] 1 FLAT 4 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN | £161,250 | 19/10/2023 | Flat |
| 3 WHERRY CLOSE, MARGATE, THANET, KENT, CT9 4BP | £168,000 | 17/10/2023 | Flat |
| [Same street] 2 FLAT 6 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN | £75,250 | 28/07/2023 | Flat |
| [Same street] 3 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN | £98,000 | 20/07/2023 | Flat |
| [Same street] 2 FLAT 5 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN | £86,000 | 14/07/2023 | Flat |
| [Same street] 1 FLAT 1 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN | £120,000 | 13/07/2023 | Flat |
| [Same street] 2 FLAT 3 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN | £96,750 | 30/06/2023 | Flat |
| [Same street] 2 FLAT 2 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN | £80,000 | 02/06/2023 | Flat |
| [Same street] 4 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN | £104,000 | 11/05/2023 | Flat |
| [Same street] 8 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN | £156,750 | 31/03/2023 | Terraced |
| [Same street] 10 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN | £114,000 | 31/03/2023 | Terraced |
| [Same street] 7 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN | £157,500 | 31/03/2023 | Terraced |
| 36 WHERRY CLOSE, MARGATE, THANET, KENT, CT9 4BP | £175,000 | 08/12/2022 | Flat |
| 3 FLAT 6 CASTLE DRIVE, MARGATE, THANET, KENT, CT9 4FN | £187,500 | 08/11/2022 | Flat |
| 3 FLAT 5 CASTLE DRIVE, MARGATE, THANET, KENT, CT9 4FN | £183,000 | 30/09/2022 | Flat |
| 2 MANSTON WAY, MARGATE, THANET, KENT, CT9 4FH | £260,000 | 26/08/2022 | Flat |
| 1 WHERRY CLOSE, MARGATE, THANET, KENT, CT9 4BP | £170,000 | 19/04/2022 | Flat |
| 8 WHERRY CLOSE, MARGATE, THANET, KENT, CT9 4BP | £175,000 | 13/04/2022 | Flat |
| 50 WHERRY CLOSE, MARGATE, THANET, KENT, CT9 4BP | £160,000 | 28/02/2022 | Flat |
| 17 WHERRY CLOSE, MARGATE, THANET, KENT, CT9 4BP | £164,000 | 26/11/2021 | Flat |
| 3 FLAT 11 CASTLE DRIVE, MARGATE, THANET, KENT, CT9 4FN | £168,000 | 10/09/2021 | Flat |
| 36 WHERRY CLOSE, MARGATE, THANET, KENT, CT9 4BP | £158,000 | 06/09/2021 | Flat |

**Street average:** £107,500 (14 sales)
**Area average:** £176,792 (12 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £171,426 (55 Flat, CT9, 2024–2026)
- **Deviation:** -65%

## Rental Range

*ONS Price Index of Private Rents (South East). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,276/mo
- **Realistic:** £1,418/mo
- **Optimistic:** £1,560/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Thanet (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £748/mo

## 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 Maisonette, Ramsgate Road, CT9 | £1,125/mo | 2 | 0.99 miles | OpenRent |

**Average rent: £1,125/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 1.88% (strong)
- **Max investor price (0.8%):** £140,625
- **Target investor price (1%):** £112,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,125/mo).*

- **Gross yield:** 22.5%
- **Cost-to-rent:** 4.4×
- **Monthly cashflow:** £751/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 51.8%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − 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).*

## Capital growth trend

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

- **5y growth:** -19%
- **10y growth:** 31.2%

## House Price Index (HM Land Registry)

*Official index for South East; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** -0.7%
- **5y growth (index):** 1.1%
- **10y growth (index):** 12.2%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

Listing type

Shared ownership

Picture 1 Picture 2 Picture 3 Picture 4 Picture 5 Picture 6 Picture 7 Picture 8 Picture 9 Picture 10

/ 10

Property details

Listing category

Shared ownership

Tenure

LEASEHOLD (121 years remaining on lease)

Council tax band

Last sold

£75,250

Local average

£171,426 (-65%)

Street crime

145 incidents within 1 mile (May 2026)

Key features

35% Shared Ownership With Orbit Homes
Chain-Free Purchase
Modern Purpose-Built Second Floor Apartment
Two Generous Double Bedrooms
Bright Open-Plan Kitchen, Dining & Living Area
Private Balcony
Modern Family Bathroom
Secure Entry System
Allocated Private Parking Space

Additional details

Electricity: Mains supply
Water: Mains supply
Sewerage: Mains supply
Heating: Gas central
Parking: Allocated
Listed property: No
Restrictions: No
Required access: No
Flooded in last 5 years: No
Flood defences: No

Description

Modern Two-Bedroom Second Floor Apartment – Chain Free | 35% Shared Ownership with Orbit Homes

Offered chain free, this well-presented two-bedroom purpose-built second floor apartment is an excellent opportunity for first-time buyers or anyone seeking affordable, modern living.

The property features two generously sized double bedrooms, including a principal bedroom. A modern family bathroom and a bright open-plan kitchen, dining, and living area provide a comfortable and functional living space, with direct access to a private balcony.

Additional benefits include a private parking space and a secure entry system. The apartment is offered on a 35% shared ownership basis with Orbit Homes, with the remaining 65% share subject to rent and service charge, totalling £420.70 per month.

Identification checks
If an offer is accepted on a property marketed by Miles & Barr, all purchasers are required to complete ID verification checks. This is a legal obligation under Anti-Money Laundering Regulations. We use a specialist third-party company to carry out these checks. The fee is £60 (including VAT) per person or £120 (including VAT) if purchasing under a company name, payable once the offer is agreed and before the sales memorandum is issued. Please note that this charge is non-refundable
Location
Margate is a fantastic seaside town and contains the areas of Cliftonville, Garlinge, Palm Bay and Westbrook. The energy surrounding Margate is excellent, it holds the likes of a world class Art Gallery, the UK's original pleasure park 'Dreamland', fast Rail links into London and of course not forgetting the stunning sandy beaches and sparkling bays. You are within a 10 minute drive to the neighbouring towns which are Broadstairs, Ramsgate and Birchington. There are also good road links to London via the A299 Thanet Way and M2 Motorway.

Listed by

Margate

The Lomond Group

Reference: 171940958

EPC ratings on this postcode

We don't have a matched EPC for this property yet. Below are efficiency scores and details for other addresses on this postcode.

Address	Current	Potential	Floor area	Age band	Type
1, Flat 1, Bayer Street, Thanet	82	82	52 m²	—	Flat
1, Flat 2, Bayer Street, Thanet	83	83	59 m²	—	Flat
1, Flat 3, Bayer Street, Thanet	84	84	59 m²	—	Flat
1, Flat 4, Bayer Street, Thanet	84	84	59 m²	—	Flat
1, Flat 5, Bayer Street, Thanet	83	83	59 m²	—	Flat
1, Flat 6, Bayer Street, Thanet	83	83	59 m²	—	Flat
10, Bayer Street, Thanet	84	96	71 m²	—	Terraced
11, Bayer Street, Thanet	86	96	94 m²	—	Terraced
13, Bayer Street, Thanet	85	95	94 m²	—	Terraced
2, Flat 1, Bayer Street, Thanet	82	82	59 m²	—	Flat
2, Flat 2, Bayer Street, Thanet	82	82	52 m²	—	Flat
2, Flat 3, Bayer Street, Thanet	84	84	59 m²	—	Flat
2, Flat 4, Bayer Street, Thanet	84	84	59 m²	—	Flat
2, Flat 5, Bayer Street, Thanet	83	83	59 m²	—	Flat
2, Flat 6, Bayer Street, Thanet	83	83	59 m²	—	Flat

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Picture 11

EPC Graphs

Picture 12

Price history

Event	Date	Price	% change
Listed for sale	—	£60,000	—

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
26 WHERRY CLOSE, MARGATE, THANET, KENT, CT9 4BP	£153,000	19/09/2024	Flat
Same street 1 FLAT 3 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN	£75,250	17/11/2023	Flat
Same street 1 FLAT 6 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN	£75,250	10/11/2023	Flat
Same street 1 FLAT 2 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN	£105,000	27/10/2023	Flat
Same street 1 FLAT 4 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN	£161,250	19/10/2023	Flat
3 WHERRY CLOSE, MARGATE, THANET, KENT, CT9 4BP	£168,000	17/10/2023	Flat
Same street 2 FLAT 6 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN	£75,250	28/07/2023	Flat
Same street 3 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN	£98,000	20/07/2023	Flat
Same street 2 FLAT 5 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN	£86,000	14/07/2023	Flat
Same street 1 FLAT 1 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN	£120,000	13/07/2023	Flat
Same street 2 FLAT 3 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN	£96,750	30/06/2023	Flat
Same street 2 FLAT 2 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN	£80,000	02/06/2023	Flat
Same street 4 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN	£104,000	11/05/2023	Flat
Same street 8 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN	£156,750	31/03/2023	Terraced
Same street 10 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN	£114,000	31/03/2023	Terraced
Same street 7 BAYER STREET, MARGATE, THANET, KENT, CT9 4GN	£157,500	31/03/2023	Terraced
36 WHERRY CLOSE, MARGATE, THANET, KENT, CT9 4BP	£175,000	08/12/2022	Flat
3 FLAT 6 CASTLE DRIVE, MARGATE, THANET, KENT, CT9 4FN	£187,500	08/11/2022	Flat
3 FLAT 5 CASTLE DRIVE, MARGATE, THANET, KENT, CT9 4FN	£183,000	30/09/2022	Flat
2 MANSTON WAY, MARGATE, THANET, KENT, CT9 4FH	£260,000	26/08/2022	Flat
1 WHERRY CLOSE, MARGATE, THANET, KENT, CT9 4BP	£170,000	19/04/2022	Flat
8 WHERRY CLOSE, MARGATE, THANET, KENT, CT9 4BP	£175,000	13/04/2022	Flat
50 WHERRY CLOSE, MARGATE, THANET, KENT, CT9 4BP	£160,000	28/02/2022	Flat
17 WHERRY CLOSE, MARGATE, THANET, KENT, CT9 4BP	£164,000	26/11/2021	Flat
3 FLAT 11 CASTLE DRIVE, MARGATE, THANET, KENT, CT9 4FN	£168,000	10/09/2021	Flat
36 WHERRY CLOSE, MARGATE, THANET, KENT, CT9 4BP	£158,000	06/09/2021	Flat

Street average: £107,500 (14 sales)

Area average: £176,792 (12 sales)

Capital growth trend

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

5y growth -19%

10y growth 31.2%

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

1y (index) -0.7%

5y (index) 1.1%

10y (index) 12.2%

Rental Range

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

Low £1,276/mo

Realistic £1,418/mo

Optimistic £1,560/mo

Based on Postcode area CT → South East.

LHA (30th percentile) floor for Thanet: £748/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View CT9 4GN

Address

Orion Way

Nearby

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

Type	Name	Distance
Bus stop	Westwood Gateway	0.3 miles
Shop	Anton Antoni Barber Bus	0.3 miles
Shop	Brows.	0.3 miles
Hospital	Queen Elizabeth The Queen Mother Hospital	1.0 miles
Train station	Margate	1.7 miles
Train station	Ramsgate	1.7 miles
Hospital	Victoria Hospital	10.0 miles

Street-level crime

Category	Count
Violence and sexual offences	51
Anti-social behaviour	37
Shoplifting	22
Criminal damage and arson	12
Other theft	5
Public order	5
Burglary	4
Other crime	3
Vehicle crime	3
Possession of weapons	2
Robbery	1
Total incidents	145

Within 1 mile during May 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
Liberty College	Other	0.3 miles	— (No rating)
Enterprise Learning Alliance	Other	0.3 miles	Good — 24 Jun 2019
St George's Church of England Foundation School	Other	0.9 miles	Good — 2 Jul 2019
Laleham Gap School	Other	0.9 miles	Outstanding — 14 Jun 2023
St Gregory's Catholic Primary School, Margate	Primary	1.0 miles	Good — 17 Oct 2019

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 Maisonette, Ramsgate Road, CT9	£1,125/mo	2	0.99 miles	OpenRent

Average rent: £1,125/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 1.88%

Max investor price (0.8%) £140,625

Target investor price (1%) £112,500

Gross yield 22.5%

Cost-to-rent ratio 4.4×

Monthly cashflow £751/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 51.8%

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).

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