32 Tothill Street, Ramsgate, Kent

Description

Freehold two bedroom terrace house. Full vacant possession. 3D Tour available.

Accommodation

First floor: two bedrooms. Ground floor: reception room, kitchen, bathroom, WC, conservatory.

Location

The site is situated on Tothill Street. Public transport links include Minster mainline rail station and local bus services. Road links include the A28, A256 and A229. Shopping amenities are available locally within Minster, with further shops, bars and restaurants in Canterbury to the west and Ramsgate to the east. Recreational pursuits include Minster Recreation Ground.

Tenure / Property Information

Investment Analysis

The supplied completed sales on Tothill Street range from £120,000 for 3A in July 2024 to £305,000 for 18 in June 2026, with other evidence including £244,995 for 16 in 2017. However, no floor areas, layouts, condition, parking details or direct comparability information is supplied. The range is therefore too wide to support a reliable GDV estimate for this vacant two-bedroom house. The £90,000 guide is not evidence of market value.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain the legal pack and special conditions, inspect the property, confirm condition, EPC, heating, parking and council-tax position, and obtain local rental and valuation evidence before setting a bid limit.

Works Required

No specific defects or refurbishment requirements are evidenced. Before bidding, inspect the property and 3D tour, establish the condition of the kitchen, bathroom, WC, conservatory and services, and obtain the EPC, heating information and parking details. Any works allowance remains unsupported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported without a reliable post-works GDV, refurbishment budget, rent and finance assumptions. The available sales evidence is materially dispersed and the property's condition and service information are unknown. The £1,800 inclusive-of-VAT contract documentation fee is known, while possible seller charges remain unspecified.

Buy-to-Let Analysis

BTL appraisal cannot be completed because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Gross yield, operating viability and an appropriate purchase price cannot therefore be established. The property is stated to be vacant, with full vacant possession.

Flip Analysis

A flip appraisal cannot be completed reliably. The available same-street sales range from £120,000 to £305,000, but the evidence does not establish that those properties are comparable in size, condition or specification. No works budget or selling allowance is supported, so no surplus or maximum bid is calculated.

Investor Risks & Due Diligence

• No sufficiently specific rental comparable or auctioneer rent estimate is supplied.

• Property condition and required works are unknown.

• EPC is stated as TBC.

• Heating and parking details require confirmation.

• Council-tax information is inconsistent: TBC in the property details and later stated as Deleted.

• The seller may charge additional completion fees under the special conditions.

• The sold comparables range widely and their size, condition and specification are not supplied.

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

Recommendation

Do not bid on the current evidence alone. Obtain the legal pack and special conditions, inspect the property, confirm condition, EPC, heating, parking and council-tax position, and obtain local rental and valuation evidence before setting a bid limit.

Strategy Rating

Analysis Confidence

There is useful tenure, accommodation, vacancy, fee and completed-sale evidence, but no reliable rental evidence, condition assessment, floor area, EPC, heating or parking information, and the sold comparables show a very wide value range.