Miles & Barr says ..

Property Oracle says ..

Ramsgate is a popular seaside town located in Thanet, Kent. The property is situated on St. Augustine’s Road, which is within the Central Harbour locality. This area benefits from its proximity to Ramsgate’s harbour, offering scenic views and potential recreational opportunities. The presence of several well-regarded schools nearby, such as The Old Priory School and Christ Church Church of England Junior School, both rated ‘Good’ by Ofsted, adds to the area’s family-friendly appeal. Ramsgate railway station is also relatively close, providing convenient access to other parts of Kent and beyond. However, the specific distance of the property to shops and other amenities isn’t provided, preventing a more detailed assessment of its location score. Based on the provided images, the property appears to be in need of significant renovation. The interior shows exposed wooden floors, requiring sanding and refinishing. Walls need repainting, and the kitchen and bathroom fixtures seem outdated and possibly require replacement. The overall condition suggests a considerable amount of work is needed to bring it up to a modern standard. This is further supported by the visible wear and tear on the flooring and the overall state of the property. There is no information provided regarding the presence of a garden or any outdoor space associated with this property. Therefore, a land score cannot be provided. The list price of £100,000 is significantly below the average house price in Thanet (£321,222). However, it’s crucial to consider that the average price per square foot (£321) is not directly applicable due to the absence of square footage information for this property. Furthermore, the property’s condition is a major factor. The significant renovation needed will undoubtedly impact the final cost, making a definitive assessment of the price’s reasonableness challenging without knowing the property’s size and the cost of the required renovations. Nearby properties on St. Augustine’s Road show a range of prices, suggesting that this property’s pricing may reflect its condition and need for substantial work. The lack of square footage data makes it difficult to provide a precise price rationale.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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