Initial price	£325,000
16/10/25	£300,000
Price Change	-7.69%

This Grade II listed, eight-bedroom semi-detached property in Old Town, Margate, is being sold by public auction on October 16th, 2025. The property was previously used as a House in Multiple Occupation (HMO) and has planning permission to be converted into one two-bedroom flat and one one-bedroom flat. The property is situated close to local shops and amenities, with Dane Park and Margate Beach nearby. The property has a rear yard and benefits from a high rental income of approximately £30,000 per annum when fully let. The vendor advises that there may be potential to convert the property back to its original state as a large family home, subject to obtaining all necessary consents. The property is being sold with an amended guide price of £300,000+ and viewing is available on select dates.