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See how verdicts work1-bedroom flat · CT11 9UA
Sold STCListed 110 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
1st floor studio flat ~ central ramsgate ~ ideal investment TMS Estate Agents are pleased to offer to the market this exceptionally large and well presented Studio Apartment situated in central Ramsgate with Parking !
The apartment has an open plan living and kitchen area, there is a separate sleeping area, and modern shower room.
The kitchen area has plenty of storage, double oven, hob, and integrated refrigerator.
The bedroom area has room for plenty of storage and the modern shower room is off of here, the entrance hall of the apartment has a washing machine and storage space, the living area opens out to a balcony, There is parking to the rear for 1 car and the flat benefits from electric heating.
The apartment is an ideal rental investment currently tenanted for £750pcm for it which offers a yield of 9% The vendor has advised us that the lease was 125 years in 2017 and the ground rent is £250pa Situated in central Ramsgate with easy access to the High Street and Royal Harbour and the mainline station with fast links to London St Pancras, this lovely apartment is perfectly situated for everything you might need.
The Royal Harbour is just a short walk away where you can enjoy the spectacular scenery from the comfort of one of the many bars, restaurants and bijou cafes available.
If you enjoy walking there are lovely clifftop walks to Broadstairs and Pegwell Nature Reserve. Call TMS Estate Agents on to book your accompanied viewing.
Communal Entrance Stairs to first floor Apartment Entrance Hall Hard wood door, utility area with storage and space and plumbing for a washing machine Bed Area (3.05 x 3.43 (10'0" x 11'3")) Spacious enclosed bed area with fitted carpet and electric heater - door to shower room.
Lounge / Kitchen (5.61 x 3.77 (18'4" x 12'4")) Open plan with fitted kitchen wall drawer and base units, single drainer stainless steel sink and mixer taps, integrated electric hob, oven and extractor and breakfast bar, fitted carpet to lounge area and electric heater, door to balcony.
External 1 parking space to the rear Photos Please be advised the photos used were taken prior to the tenancy starting and there is now a tenant in situ Agents Note Should a purchaser(s) have an offer accepted on a property marketed by TMS Estate Agents, they will need to undertake an identification check.
This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service to verify your identity.
The cost of these checks is £50 plus. VAT or £60 inc. VAT per purchaser, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued.
This charge is non-refundable under any circumstances.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers 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
Agent & docs
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FAQ
About 5, Monkton House, 124 High Street, Ramsgate
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