Modern Method of Auction
Auction date not yet published
2-bedroom flat · CT11 0BX
For saleListed 81 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Being Sold via Secure Sale online bidding. Terms & Conditions apply.
Springer Homes are delighted to offer this beautiful property in St Mildreds Road, Ramsgate, a 2 Bedroom Basement Flat that boasts its space and Investment opportunity.
Having 2 double bedrooms a spacious kitchen/Lounge area and a good 20ft garden which is private to the flat.
The property is situated around a 10 minutes walk into the town centre, beach and harbour area where you will find all the entertainment, restaurants and amenities needed.
Ramsgate is home to the UK's only Royal Harbour, a vibrant marina lined with cafs, restaurants and waterside bars.
Ramsgate Main Sands offers a wide stretch of golden sand beside the harbour, with traditional seaside amusements and a lively promenade.
The town is surrounded by beautiful bays including Western Undercliff, East Cliff and nearby Pegwell Bay, perfect for coastal walks and quieter beach days.
Ramsgate is known for its elegant Georgian and Regency architecture, historic squares and sweeping sea views along the East Cliff.
The famous Ramsgate Tunnels offer guided tours through a vast wwii air-raid shelter network beneath the town.
Cultural highlights include The Grange, the Gothic home designed by Augustus Pugin, and the town's maritime heritage museums.
The harbour front has a thriving food scene, from fresh seafood and independent cafs to lively waterfront dining.
Ramsgate sits on the scenic Viking Coastal Trail, linking the town with Broadstairs and Margate along one of Kent's most picturesque coastlines.
Property Details: Entrance: Via main communal and down into the basement Lounge : (12.83ft x 9.63ft approx) Kitchen : (10.18ft x 9.24ft approx) Bathroom: (6.65ft x 5.01ft approx) Bedroom 1: (16.27ft x 7.81ft approx) Bedroom 2: (13.13ft x7.02ft approx) Garden : (Approx 20ft ) Council Tax Band: A Tenure: Leasehold Length of Lease: 109 Annual Ground Rent Amount: 10.00 Annual Service Charge Amount: 2,500.00 Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.
This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.
The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.
The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.
An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Flat 2, 16 St. Mildreds Road, Ramsgate
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