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Lancaster Close, RAMSGATE

South East

£54,000

Listed on 21/05/2026

Property Details

Bedrooms
1
Type
Ground Flat

Description

This ground floor flat, with a long leasehold, presents an excellent opportunity for investors or individuals looking to renovate. Currently in need of modernization, the self-contained one-bedroom unit offers a blank canvas for creating a modern living space that aligns with today’s standards. The accommodation comprises a reception room, kitchen, bathroom, and entrance hallway within its approximately 45 sq m (480 sq ft) layout. Conveniently located just off Newington Road, the property benefits from easy access to local transport links including Ramsgate mainline rail station and various bus services. Nearby amenities in Newington and Ramsgate town centre provide an array of shopping options, while outdoor recreational spaces like Ellington Park add to the appeal of the location. With full vacant possession and a new long lease for 125 years available at completion, this property is primed for those willing to invest in its potential. Prospective buyers should consider viewing arrangements through the auctioneer.

Investment Analysis

(CT12 area)
Area Average
£309/sq ft
Avg Rent (weekly)
£324
Avg Yield
5.1%

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 -7.3% over the last 12 months
3 year growth: -11.7%
5 year growth: +0.3%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£193
Based on a loan of £40,500 over 30 years at 3.97% 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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