Footprints, Powered by eXp UK says ..

Property Oracle says ..

The property is located on Paragon in Ramsgate, Kent. It’s a large property with 9 bedrooms and 3 bathrooms, spanning 1,713.25 square feet and sitting on a 4,112 square foot plot. The average house price in the area is significantly lower at £321,222, with an average size of 1,000 square feet and an average price per square foot of £321. The list price of £675,000 is considerably higher than the average for the area.

The property’s location on Paragon places it in a desirable area of Ramsgate, close to the harbour. This is likely to be a positive factor influencing the property’s value. The proximity to Ramsgate train station (1.58km) provides convenient access to transport links. Several schools are within a reasonable distance, including The Old Priory School (rated ‘Good’ by Ofsted).

Based on the provided photographs, the property appears to be in need of significant modernisation and renovation. Many rooms show signs of wear and tear, outdated fixtures, and require updating. The overall condition is far from excellent, suggesting a considerable amount of work would be needed to bring it up to a modern standard. The presence of exposed pipes and general disrepair in some areas further supports this assessment.

While the property sits on a relatively large plot of 4,112 square feet, the images suggest that much of this space is not useable garden. A significant portion of the land appears to be comprised of outbuildings and potentially derelict areas. Therefore, while the plot size is substantial, the usable garden space may be limited.

Considering the property’s condition, the need for extensive renovation, and the relatively limited usable garden space, the asking price of £675,000 appears high compared to the average price per square foot in the area. While the location is desirable, the cost of the necessary renovations would significantly impact the overall value proposition. The high list price may reflect the potential for significant value addition after renovation, but also presents a considerable financial risk.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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