Mann says ..
Mann Ramsgate are delighted to present this inviting two bedroom lower ground floor flat located in the vibrant seaside town of Margate. Perfectly situated between the hospital and Margate seafront, this property presents an excellent investment opportunity with a tenant already in place.
Property Oracle says ..
This two-bedroom flat on Ramsgate Road, Margate, presents a potentially sound investment opportunity. The property benefits from a convenient location near transport links, amenities and schools, and shows evidence of modern upgrades to the kitchen and bathroom. However, the lack of detailed information on property size for comparable sales makes a comprehensive price-per-square-foot analysis challenging. The absence of a garden or significant outdoor space is a notable drawback. Buyers should independently verify the property’s precise dimensions and the condition of elements not captured in the provided photos. The information on the existing tenant should be investigated to confirm the terms and financial implications of the tenancy. Overall, this property represents a viable option for those seeking a relatively affordable two-bedroom flat in a reasonably convenient location in Margate.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 7
- Location
- 7
- Land
- 1
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 520.97
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 399,167.00 £Increased by 39.41 %
- Est sale value
- 148,997.42 £Decreased by 1.38 %
- Average area rental value
- 1,088.00 £/moDecreased by 5.39 %
- Est letting value
- 0.00 £/moDecreased by 100.00 %
- Est rental Yield
- 3.27 %Decreased by 32.16 %
- Crime Rate
- 10.00 %Unchanged by 0.00 %
Agent Activity
Mann created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Salmestone Primary School | Academy Sponsor Led | Good | 0.31 KM |
| Six Bells Children'S Centre | Children's Centre | 0.40 KM | |
| Margate, Holy Trinity And St John'S Church Of England Primary School | Voluntary Controlled School | Good | 0.58 KM |
| St Gregory'S Catholic Primary School, Margate | Academy Converter | Good | 0.68 KM |
| Drapers Mills Primary Academy | Academy Sponsor Led | Good | 1.14 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Alexandra Terrace | £ 0 | 0 | 0.00 KM |
| Church Street | £ 0 | 0 | 0.00 KM |
| Homestead Close | £ 0 | 0 | 0.00 KM |
| Shakespeare Road | £ 0 | 0 | 0.00 KM |
| Addiscombe Gardens | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Margate | 5018 | MAR | 1.37 KM |
| Westgate-On-Sea | 5195 | WGA | 4.98 KM |
| Ramsgate | 5023 | RAM | 5.11 KM |
| Broadstairs | 5006 | BSR | 5.97 KM |
| Dumpton Park | 5034 | DMP | 6.09 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Ramsgate Road, Margate | £ 110,000 | BUY | 6 / 10 | 0.00 KM |
| Ramsgate Road, Margate | £ 155,000 | BUY | 5 / 10 | 0.00 KM |
| Ramsgate Road, Margate, Kent, CT9 | £ 165,000 | BUY | 5 / 10 | 0.00 KM |
| Ramsgate Road, Margate, CT9 5RT | £ 495,000 | BUY | 7 / 10 | 0.01 KM |
| Two Bedrooms Ground Floor Flat, Ramsgate Road, Margate | £ 160,000 | BUY | 5 / 10 | 0.01 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 47 Ramsgate Road | £ 225,000 | 0.00 KM |
| 29b Ramsgate Road | £ 60,000 | 0.00 KM |
| 37 Ramsgate Road | £ 220,000 | 0.00 KM |
| 23 Ramsgate Road | £ 220,000 | 0.01 KM |
| 21 Ramsgate Road | £ 159,995 | 0.01 KM |