Lancaster Close, RAMSGATE

South East

£57,500

Listed on 08/02/2026

Property Details

Bedrooms

Type

Flat

Description

This ground floor flat presents a valuable opportunity for buyers interested in a renovation project. With full vacant possession, the property offers a one-bedroom layout featuring a reception room, kitchen, and shower room/WC. The flat is situated within a long leasehold arrangement and is set for auction on March 10, 2026. While it requires modernisation, the potential to enhance its appeal is significant, especially given its location off Newington Road near local transport links and amenities in Ramsgate. This could be an ideal investment for those looking to create a comfortable home or rental property within the desirable Thanet area.

Investment Analysis

(CT12 area)

Area Average

£310/sq ft

Avg Rent (weekly)

£291

Avg Yield

4.5%

Renovation Potential

Medium Refurb

Est. Renovation Cost

£15,000 - £25,000

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

22%

Properties sold annually

Local Market Trend (CT12)

Area prices are falling by -6.9% over the last 12 months

3 year growth: -10.1%

5 year growth: +3.7%

Investment Disclaimer: Analysis based on CT12 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

Lancaster Close, RAMSGATE

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments

£207

Based on a loan of £43,125 over 30 years at 4.06% 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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