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See how verdicts work2-bedroom flat · CT9 5RT
Sold STCReduced £15k (−11.1%) on 24 JulListed 574 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideal holiday let! Cooke & Co are delighted to present this charming two-bedroom ground-floor apartment, complete with allocated parking and offered with no forward chain!
This spacious and well-presented property features a modern kitchen and bathroom and is well presented throughout.
Perfect for first-time buyers or those seeking a holiday retreat, this home is ready to move into.
The accommodation comprises a bay-fronted lounge, a stylish kitchen, two well-proportioned bedrooms, and a contemporary bathroom.
To the rear of the building, you'll find a private allocated parking space for added convenience.
Situated just a short stroll from Margate's vibrant town centre and iconic seafront, you'll have easy access to a fantastic selection of boutique shops, cafés, restaurants, and cultural attractions.
With the added advantage of no forward chain, this is an opportunity not to be missed! Call Cooke & Co today to arrange your viewing! Entrance Via communal door leading in to communal hallway.
Flat door into. Hallway Doors to. Lounge (15'8 x 13'5 (4.78m x 4.09m)) Double glazed bay window to the front. Power points. Telephone point. Electric radiator. Inner Hallway Intercom.
Electric radiator. Double glazed windows to side. Fuse box. Doors to. Kitchen (11'4 x 7'3 (3.45m x 2.21m)) Wall and base units with complementary work surfaces.
Inset stainless steel sink unit with mixer tap and drainer. Integrated oven and hob with extractor over. Space and plumbing for washing machine. Space for fridge/freezer. Space for tumble dryer.
Double glazed window to the side. Power points. Bedroom (11'7” x 11'6” (3.53m” x 3.51m”)) Double glazed window to the rear. Electric Radiator. Power points. Televison Point.
Bedroom (10'5” x 7'3” (3.18m” x 2.21m”)) Double glazed window to the side. Electric radiator. Power points. Telephone point. Television point.
Bathroom (9'8' x 6'9” (2.95m' x 2.06m”)) Panelled bath with shower screen and mains shower over. Pedestal wash hand basin. Low-level WC. Heated towel rail. Double glazed frosted window to the side.
Built-in cupboard housing immersion heater. Allocated Parking One allocated parking space to rear.
Leasehold Information The vendors have advised us of the following; Service Charge: £1,600 per annum Ground Rent: £150 per annum Lease: 103 years remaining The vendor advises us that holiday lets are permitted.
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
Agent & docs
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FAQ
About 15, Ramsgate Road
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