21 Alexandra Road, Ramsgate, CT11 7HY

Description

A Terrace House requiring modernisation with accommodation arranged on Two Floors comprising.

Accommodation

First Floor: Bedroom (One), Bedroom (Two), Bathroom/WC. Ground Floor: Entrance Porch, Living Room, Dining Room, Kitchen, Lean-to. Garden at Rear.

Location

Situated off Margate Road, close to the amenities available in Ramsgate Town Centre and travelling facilities including Ramsgate Train Station. Ellington Park is also nearby.

Tenure / Property Information

Investment Analysis

The five same-road sold comparables range from £150,000 to £238,000, with a median of £200,000. The subject property itself sold for £150,000 on 4 March 2025. Given the stated need for modernisation and absence of detailed condition or post-modernisation evidence, £200,000 is used as an evidence-based central GDV scenario, with £165,000 to £238,000 as a comparable-supported range rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-led resale or BRRR opportunity, subject to a full inspection, measured works budget and rental appraisal. Do not rely on the guide-to-GDV spread without confirming condition and all auction fees.

Works Required

Modernisation of the two-storey house, including review and updating of the living accommodation, kitchen, bathroom/WC and general finishes. The evidence does not quantify the works or identify specific defects, so no cost allowance is provided.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £110,000 guide, the known purchase premium is £1,500, before any applicable seller fees and refurbishment expenditure. A 75% refinance against the £200,000 base GDV would be £150,000, but cash left in cannot be calculated without supported works and total project costs.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant and requires modernisation, so rental performance and letting condition remain unverified.

Flip Analysis

The comparable evidence supports a central resale scenario of £200,000, with £165,000 to £238,000 as a wider same-road range. Flip surplus cannot be calculated because refurbishment costs, selling costs and any applicable seller fees are not supplied.

Investor Risks & Due Diligence

• The property is described as requiring modernisation, but the extent and cost of works are unknown.

• No sufficiently specific rental evidence is available, so BTL yield and refinance servicing assumptions cannot be verified.

• The guide is £110,000+ and the £1,500 buyer premium is payable; the final purchase price may be higher.

• The seller may charge additional completion fees under the special conditions, but these are not quantified.

• Comparable sold prices range materially from £150,000 to £238,000 and may reflect differing condition or transaction circumstances.

Recommendation

Potential refurbishment-led resale or BRRR opportunity, subject to a full inspection, measured works budget and rental appraisal. Do not rely on the guide-to-GDV spread without confirming condition and all auction fees.

Strategy Rating

Analysis Confidence

There are five relevant same-road completed sales, including a prior sale of the subject property, but no detailed condition survey, refurbishment cost evidence, rental evidence or complete seller-fee schedule.