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See how verdicts work6-bedroom house · CT11 0AD
Listing removedListed 117 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This attractive pair of semi-detached houses, believed to formally have been one property and ran as a girls school, is located on the outskirts of Ramsgate's town centre and a short distance from Ramsgate's mainline railway station.
The building is arranged as a two-storey three-bedroom house and a three-storey three-bedroom house (with cellar). No.
3 has use of the whole top floor, which goes over the top of No.1, and used as two bedrooms. Both properties are currently let, have uvpc double glazed windows and gas heating systems via radiators.
We have been informed by the seller that the property was refurbished in 2022 which included new gas boilers, kitchens, bathrooms and there has been a new roof during their ownership.
There may be potential to re-instate the property into one dwelling or perhaps amend the current layout, subject to all necessary consents being obtainable 1 Mays Road Ground Floor Entrance hall, kitchen/dining room and living room with bay window.
First Floor Landing, main double bedroom to front accessed via a smaller bedroom, third double bedroom to rear and shower room with W.C.
Outside Garden to rear Tenancy Let under the terms of an Assured Periodic Tenancy at a current rental of £1,200 per calendar month. EPC Rating To be confirmed.
Council Tax Band B 3 Mays Road Ground Floor Entrance hall, living room with bay window, kitchen, and bathroom with W.C with utility area.
Cellar Room with central heating accessed via a door in the kitchen Half Landing Former cloakroom currently used as walk-in wardrobe First Floor Double Bedroom with en-suite shower room with W.C.
Second Floor Two further double bedrooms with vanity units. Outside Garden to rear. Tenancy Let under the terms of an Assured Periodic Tenancy at a current rental of £1,400 per calendar month.
EPC Rating D Council Tax Band B Auctioneer's Note At the time of publication the Auctioneers have been unable to internally inspect the bedrooms of 3 Mays Road, photos of the bedrooms have been provided by the seller, interested applicants are advised to rely on their own investigations.
Residential EPC: D Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information *Guides are provided as an indication of each Seller's minimum expectation.
They are not necessarily figures at which a property will sell for and may change at any time prior to Auction.
Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide.
Please check our website regularly at , or contact us on , in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price.
All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing.
This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty.
If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to
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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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.
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FAQ
About 1 & 3 Mays Road, Ramsgate
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