19, St. Georges Road, RAMSGATE, Kent

Description

Freehold bay fronted mid terrace house arranged over ground and first floors requiring modernisation.

Accommodation

First floor: Two bedrooms, bathroom/WC. Ground floor: Two reception rooms, kitchen. Outside: Rear garden. Gross Internal Area GIA (Source: EPC): Approximately 80 sq m (861 sq ft).

Location

The property is situated on St Georges Road between its junctions with Hereson Road and Union Road. Public transport links include Dumpton Park and Ramsgate mainline rail stations together with a network of local bus services serving the surrounding vicinity. Road links include the A255 and A299. An extensive range of shopping amenities, cafes, bars and restaurants can be found locally within Ramsgate Town Centre and Broadstairs and Ramsgate Harbour. Recreational pursuits can be found locally at the open spaces of Ellington Park, King George VI Memorial Park and Ramsgate’s seafront and beaches.

Tenure / Property Information

Investment Analysis

The five supplied completed sales on St Georges Road range from £190,000 to £263,000, with a simple average of £224,400. They are all terraced freehold sales, but no comparable condition, size, specification or timing adjustments are supplied. The subject is approximately 861 sq ft and requires modernisation, so £224,400 is used only as an indicative base GDV, not a formal valuation. The observed comparable range is used as the low/high evidence range.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-led resale, but do not commit to a bid until a full inspection establishes the works and costs and the auction legal pack confirms all fees and obligations. BTL is not assessable from the supplied evidence.

Works Required

Modernisation of the house as supported by the description. The evidence does not specify which elements require work, so no detailed scope or cost allowance can be established. Confirm condition, heating, parking and all required works through inspection and legal documentation.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The indicative base GDV is £224,400, implying 75% of GDV of £168,300. However, refurbishment costs, total project costs, finance costs, taxes and any selling or refinancing costs are not supplied, so cash required and refinance viability cannot be established.

Buy-to-Let Analysis

A BTL assessment cannot be completed because no sufficiently specific rental comparable or auctioneer rent estimate is provided. Gross yield, operating surplus and debt-cover analysis are therefore unsupported.

Flip Analysis

The comparable evidence indicates an unadjusted GDV range of £190,000 to £263,000, with a simple average of £224,400. A flip surplus cannot be calculated because the modernisation scope and cost, seller fees and other project costs are unknown. The £1,800 inclusive-of-VAT contract documentation fee is known, while additional seller fees may apply.

Investor Risks & Due Diligence

• Modernisation requirements and costs are unspecified.

• No sufficiently specific rental evidence is available.

• The five comparables have no supplied condition, size or specification adjustments.

• Additional seller fees may be payable under the Special Conditions of Sale.

• Parking and heating details require confirmation.

• The £1,800 inclusive-of-VAT contract documentation fee is payable by the buyer.

Recommendation

Potential refurbishment-led resale, but do not commit to a bid until a full inspection establishes the works and costs and the auction legal pack confirms all fees and obligations. BTL is not assessable from the supplied evidence.

Strategy Rating

Analysis Confidence

Completed sales and basic property details are available, but there is no reliable rental evidence, no quantified refurbishment scope, no condition detail, and seller fees may be additional.