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Pegwell Road, Ramsgate

South East

£185,000

Listed on 09/07/2026

Property details

Bedrooms
2
Type
Flat
Area
625 sqft

Description

This two-bedroom ground floor flat presents a valuable opportunity for both first-time buyers and savvy investors looking to embark on a renovation project. Located in the desirable Pegwell Road area of Ramsgate, the property is in need of comprehensive modernisation, allowing the new owner to tailor the space according to their own preferences. With allocated parking, a balcony for outdoor enjoyment, and access to a communal garden, this flat offers not only potential but also convenience. The surroundings boast scenic views and nearby pubs/restaurants that enhance the coastal lifestyle. Being chain-free, this property is ready for immediate transformation into a welcoming home or rental asset.

Investment analysis

(CT11 area)

Above Market Value

This property is priced +1.9% above area average per sq ft

+1.9%
This Property
£296/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£231
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£199,753
10% above area average per sq ft
Potential ROI
-11.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (CT11)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -13.8%
5 year growth: +1.4%
Investment Disclaimer: Analysis based on CT11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Pegwell Road, Ramsgate
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£699
Based on a loan of £138,750 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

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