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Lancaster Close, RAMSGATE

South East

£53,000
Listed on 24/04/2026

Property Details

Bedrooms
1
Type
Flat

Description

This first floor, purpose-built flat presents a solid investment opportunity for those looking to create their ideal living space. With one bedroom and a practical layout featuring a reception room, kitchen, bathroom/WC, and entrance hallway, this self-contained unit requires modernisation to meet contemporary standards. The property benefits from full vacant possession and is offered through a Major Housing Association, ensuring a straightforward acquisition process. Situated on Lancaster Close, off Newington Road, it enjoys convenient access to public transport including Ramsgate mainline rail station as well as local bus services. Road connections via the A299 and A256 facilitate easy travel across Thanet towards Canterbury and Dover. Nearby amenities in Newington and the vibrant offerings of Ramsgate town centre enhance the appeal of this location. With a gross internal area of approximately 45 sq m (480 sq ft) and provision for a new long lease at minimal ground rent, this flat is poised for transformation into a desirable residence or rental asset.

Investment Analysis

(CT12 area)
Area Average
£313/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
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
£188
Based on a loan of £39,750 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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