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Lancaster Close, RAMSGATE

South East

£57,500
Listed on 20/03/2026

Property Details

Bedrooms
1
Type
Flat

Description

This first-floor self-contained flat, held on a long leasehold, presents an excellent opportunity for renovation enthusiasts or investors. While the property currently requires modernisation, it offers the potential to create a contemporary living space tailored to personal tastes. Spanning approximately 45 sq m (480 sq ft), the flat comprises one bedroom, a reception room, kitchen, bathroom/WC, and an entrance hallway. The location is conveniently situated near Ramsgate's mainline rail station and local bus services, providing easy access to surrounding areas. Local amenities and recreational spaces such as Ellington Park are also within reach. Given its full vacant possession status and the prospect of a new long lease for 125 years at a peppercorn ground rent, this property could be transformed into a desirable home or rental investment with the right updates.

Investment Analysis

(CT12 area)
Area Average
£313/sq ft

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
19
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (CT12)

Area prices are falling by -7.8% over the last 12 months
3 year growth: -12.2%
5 year growth: +0.1%
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

Lancaster Close, RAMSGATE
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£204
Based on a loan of £43,125 over 30 years at 3.91% 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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