PE Homes says ..

Property Oracle says ..

This three-bedroom, two-bathroom property located in Meridian Close, Ramsgate, is presented as a shared ownership opportunity. The images showcase a modern, well-maintained property in seemingly excellent condition. The interior boasts contemporary fixtures and fittings, with a clean and uncluttered aesthetic. The property benefits from a small, enclosed rear garden. The location offers convenient access to well-regarded local schools and Southeastern train services to Ramsgate and surrounding areas. However, the precise plot size is not specified, and the property is listed as part of a shared ownership scheme, which means the buyer does not own the entire property outright. Buyers must carefully consider the financial implications and long-term commitment of a shared ownership agreement. While the list price seems appealing at £105,000, it’s crucial to fully understand the associated rent payments and potential future purchase of additional shares. The price, whilst appearing relatively inexpensive for the area, must be viewed within the context of this shared ownership. The lack of detailed information regarding the immediate local amenities and the square footage of comparable properties means a fully comprehensive analysis of value is not possible. Potential buyers need to verify the exact details of the shared ownership agreement and complete thorough due diligence before proceeding.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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