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See how verdicts work1-bedroom house · CT11 8JZ
Listing removedReduced £6k (−8%) on 24 JunListed 178 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Cooke & Co are delighted to bring to the market this beautifully presented one bedroom retirement apartment, ideally positioned within the sought-after Homefleet House on Ramsgate's seafront, boasting stunning sea views.
This wonderful property is offered in ready-to-move-into condition, having been recently updated with new carpets, a modern fitted kitchen, and a contemporary wet room, making it perfect for those looking for a smooth and stress-free move.
The apartment enjoys a bright and comfortable living space, with views out towards the sea, creating a peaceful and relaxing environment to enjoy day to day.
Homefleet House itself offers excellent facilities for residents, including a welcoming communal lounge with a balcony overlooking the seafront an ideal spot to socialise or simply take in the views.
There is also a communal laundry room and a strong sense of community, with regular coffee mornings and social events.
Further benefits include a 24-hour emergency call system, on-site warden assistance, and the convenience of two lifts providing easy access throughout the building.
Perfectly located, the property sits directly on a bus route and is just a short distance from Ramsgate town centre, offering a range of shops, cafés, and local amenities.
This is a fantastic opportunity for anyone looking to enjoy a relaxed coastal lifestyle in a secure and friendly environment.
Communal Entrance Communal Lobby Via lift or stairs to; Private Entrance Via front door into; Hallway Storage cupboard. Carpeted. 24 hour call bell.
Lounge/Diner (17'06 x 10'08 (5.33m x 3.25m)) Window to side with sea view. Carpeted. Storage heater. Skirting and coving. Power points. 24 hour call bell.
Kitchen (7'05 x 5'05 (2.26m x 1.65m)) Matching array of wall and base units with complimentary marble effect work surfaces. Sink with hot and cold taps. Space for fridge/freezer. Space for oven.
Power points. Tiled splash backs. 24 hour call bell. Wet Room (6'04 x 4'09 (1.93m x 1.45m)) Low level W/C. Sink with mixer taps and built in storage unit. Shower. Fold out chair with holding rails.
Extractor fan. 24 hour call bell. Bedroom (15'10 x 8'08 (4.83m x 2.64m)) Window to side with partial sea view. Carpeted. Power points. Built in wardrobe. Storage heater. 24 hour call bell.
Communal Lounge Communal lounge area with panoramic sea views and balcony which is ideal for sitting with friends and family. Communal Laundry Room Communal area to wash laundry during opening hours.
Leasehold Information We have been advised by the seller that this is a leasehold retirement property with 58 years remaining on the lease.
We have also been advised by the seller that the service charge is £1816.32 per half year and the ground rent is £262.31 per half year.
Value & comps
No previous sales on record.
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 asking
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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
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FAQ
About Flat 61, Homefleet House, Wellington Crescent, Ramsgate
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