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London Road, Ramsgate, CT11

South East

£325,000
Listed on 01/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1055 sqft

Description

This three-bedroom semi-detached house presents a unique opportunity for those interested in a renovation project in a desirable neighborhood. The property features a well-thought-out layout with multiple living areas, including a lounge, dining room, and sunroom, providing ample space for family activities and entertaining guests. On the ground floor, you'll find a functional kitchen along with a utility area that includes a WC and wet room, which are valuable assets for daily living. A separate storage area adds practicality to the home. The upstairs is equipped with three bedrooms, along with a family bathroom and an additional WC for convenience. The rear garden is generously sized, mainly laid to lawn and comes complete with a garden shed for extra storage needs. While the property is comfortable as it stands, it holds significant potential for modernization and personalization—ideal for buyers looking to enhance its value over time. Located in Ramsgate, known for its historic significance and vibrant community life, this home benefits from proximity to the Royal Harbour, which has become a hub of activity featuring independent shops, cafes, and restaurants. The town's rich history includes associations with notable figures, adding character to the local culture. Additionally, recent transport upgrades have made commuting to London more accessible than ever. This property is offered without any forward chain, simplifying the acquisition process for prospective buyers eager to embrace both the charm of the home and the investment potential it offers in an evolving market.

Investment Analysis

(CT11 area)

Above Market Value

This property is priced +3.8% above area average per sq ft

+3.8%
This Property
£308/sq ft
Area Average
£297/sq ft
Avg Rent (weekly)
£255
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£344,494
10% above area average per sq ft
Potential ROI
-5.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (CT11)

Area prices are rising by +3.2% over the last 12 months
3 year growth: -8.6%
5 year growth: 17.1%
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

London Road, Ramsgate, CT11
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,191
Based on a loan of £243,750 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE