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7 Lancaster Close, Ramsgate, CT12 6PD - Image 1
7 Lancaster Close, Ramsgate, CT12 6PD - Image 2
7 Lancaster Close, Ramsgate, CT12 6PD - Image 3
7 Lancaster Close, Ramsgate, CT12 6PD - Image 4
7 Lancaster Close, Ramsgate, CT12 6PD - Image 5

7 Lancaster Close, Ramsgate, CT12 6PD

South East

£50,000
Listed on 12/03/2026

Property Details

Bedrooms
1
Type
Flat

Description

This leasehold flat presents a notable opportunity for investors or DIY enthusiasts looking to transform a first-floor unit in a purpose-built block. Located in a quiet cul-de-sac off Newington Road, the property is just minutes away from Ramsgate Town Centre and local transport links, including Ramsgate Train Station. The flat requires modernisation throughout, providing a blank canvas to enhance its potential value. The accommodation includes an entrance hall, living room, kitchen, bedroom, and shower room/WC. With vacant possession available and the prospect of extending the lease with a new 125-year term at minimal ground rent, this property could be an excellent investment for those willing to undertake renovations.

Investment Analysis

(CT12 area)
Area Average
£312/sq ft
Avg Rent (weekly)
£279
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (CT12)

Area prices are falling by -7.9% over the last 12 months
3 year growth: -11.7%
5 year growth: +1.1%
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

7 Lancaster Close, Ramsgate, CT12 6PD
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£180
Based on a loan of £37,500 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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