21 Alexandra Road, Ramsgate, CT11 7HY

This terraced house presents a compelling opportunity for those looking to invest in a renovation project. With an asking price of £110,000, which is 11.3% below the local average of £291/sqf at £258/sqf, it's a chance to acquire a property at a cheaper rate than the market average. However, prospective buyers should be cautious as the all-in cost of £185,000, including the estimated renovation budget of £75,000, leaves the overall investment stretched when compared to the implied local average value of £124,065.

The property shows signs of significant wear and outdated features throughout, offering a canvas for transformation. The living areas, bedrooms, kitchen, and bathroom all require modernisation, while the garden is overgrown and in need of landscaping. This medium-scale project allows for a variety of improvements, making it a unique opportunity to enhance the property and potentially increase its value. However, the renovation economics present a challenge that buyers should be aware of as they consider this investment.