Modern Method of Auction
Auction date not yet published
2-bedroom flat · CT11 9LE
For saleReduced £25k (−17.2%) on 15 OctListed 69 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Modern Method of Auction; Starting Bid Price £145,000 plus Reservation Fee.
Located in a highly sought-after area on Royal Road, this well-presented two-bedroom upper floor flat offers spacious accommodation, sea views, and the added benefit of no onward chain, making it an ideal purchase for first-time buyers, downsizers, or investors.
The property features a generously sized lounge that is flooded with natural light, offering plenty of space for both relaxing and entertaining.
From here, doors open onto a private balcony, where you can enjoy open views, including a glimpse of the sea, making it a perfect spot to unwind.
Both bedrooms are spacious doubles, offering comfortable and versatile living, whether used as sleeping accommodation, home office space, or guest rooms.
The layout is practical and well-proportioned throughout, providing a great sense of space and light.
Situated in a popular and well-established residential location, the flat is within easy reach of the seafront, local shops, transport links, and other amenities, ensuring convenience as well as lifestyle appeal.
With no onward chain, a large lounge, two double bedrooms, and a balcony offering sea views, this fantastic property presents a superb opportunity to secure a comfortable and well-located home by the coast.
This property is being sold via Modern Method Of Auction. Buyer Fees Apply.
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300 inc VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £7,080 inc VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.
These services are optional.
Location Ramsgate is situated on the southerly aspect of the Isle of Thanet and benefits the country’s only Royal Harbour, its status being granted by King George IV in 1821.
The distinctive and beautiful harbour has a vibrant yachting community alongside some commercial activity and was where the Little Ships evacuation of Dunkirk set out from in 1940.
The town is enjoying something of a Renaissance with its large amount of Grade II Listed property, many set within elegant Regency squares, or overlooking the sea, others with links to or influenced by the architect Augustus Pugin.
In recent years the Royal Harbour has seen many restaurants, cafes and bars emerge alongside quirky independent retail outlets, some utilising the arches on the quayside beneath Royal Parade.
The town is steeped in history with associations to many well known figures including Queen Victoria, Karl Marx and Vincent Van Gogh as well as having a fascinating network of tunnels beneath the main centre.
The fortunes of the town have been hugely assisted by the recent addition of a high speed rail link to London St Pancras making a commute for many a viable option.
Entrance Hall Leading to: Bedroom (10' 1" x 9' 0") Bedroom (13' 1" x 7' 3") Balcony (16' 3" x 2' 11") Lounge/Diner (16' 3" x 10' 5") Kitchen (9' 11" x 9' 2") Bathroom
Value & comps
No previous sales on record.
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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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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
Agent & docs
FAQ
About Flat 3, 34-36, Royal Road, Ramsgate
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