33 Boundary Road, Ramsgate, Kent, CT11 7NE

Description

Freehold Two Floor Mid-Terrace House. Requires Upgrading and Modernisation. Full Vacant Possession. The property comprises this period mid terrace two floor house. It provides three bed accommodation with upstairs bathroom but now requires a program of refurbishment and upgrading to modern standards.

Accommodation

First Floor: Three Bedrooms, Bathroom/wc. Ground Floor: Two Reception Rooms, Kitchen. Outside: Front Pavement fronting courtyard, Rear Courtyard Garden, Outside Store.

Location

The property is ideally located in the town being some 15 minute walk to the Marina Esplanade whilst also, in walking distance of the town centre which offers a good range of shopping facilities and recreational amenities. It also has the advantage of being a 15 minute walk to Ramsgate Station which offers direct services to London Victoria, St Pancras and Charing Cross stations. In addition to the recreational pursuits along the coast, the outdoor spaces at Boundary Park are within minutes of the property.

Tenure / Property Information

Investment Analysis

Completed sales on the same road range from £150,000 to £220,000 for 2025–2026 transactions, with the subject itself selling for £150,000 on 27 November 2025. Other sales include £220,000 at No. 17 in June 2026 and £210,000 at No. 23 in May 2024. As the comparable condition, specification and refurbishment status are not supplied, a post-refurbishment base GDV of £200,000 is an indicative estimate only, with a cautious £180,000–£220,000 scenario range.

Investment Snapshot

Strategy Recommendation

Proceed only subject to a detailed inspection, refurbishment quotation and review of the special conditions. A refurbishment-led resale appears more assessable than BTL, but the guide price should not be treated as a viable maximum bid without the missing cost evidence.

Works Required

Refurbishment and upgrading to modern standards, as stated by the auctioneer. The evidence does not specify the required works, condition of individual elements or a reliable cost allowance.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A potential buy-refurbish-refinance route exists based on the vacant freehold three-bedroom house and indicative £200,000 base GDV. At 75% of base GDV, indicative refinance proceeds are £150,000, but refurbishment costs, total acquisition costs and finance costs are unavailable, so cash required and viability cannot be calculated.

Buy-to-Let Analysis

BTL suitability cannot be fully assessed because no sufficiently specific rental comparables or auctioneer rent estimate are provided. Gross rent and yield cannot therefore be established. The property is vacant and requires refurbishment, with an EPC rating of G.

Flip Analysis

A resale strategy may be possible against the indicative £180,000–£220,000 GDV range. However, the required refurbishment scope and cost are unknown, and no supported selling allowance is provided; therefore, flip surplus and a reliable maximum purchase price cannot be calculated.

Investor Risks & Due Diligence

• The property is described as requiring refurbishment and upgrading, but no detailed schedule or cost estimate is provided.

• EPC rating is G.

• No sufficiently specific rental evidence or passing rent is available.

• Comparable property condition, specification and refurbishment status are not supplied.

• Parking and heating information require confirmation.

• Additional seller fees may apply under the special conditions of sale.

• The property is vacant, so there is no existing rental income.

Recommendation

Proceed only subject to a detailed inspection, refurbishment quotation and review of the special conditions. A refurbishment-led resale appears more assessable than BTL, but the guide price should not be treated as a viable maximum bid without the missing cost evidence.

Strategy Rating

Analysis Confidence

Same-road completed sales and the subject’s prior sale provide useful value evidence, but comparable condition, refurbishment costs, rental evidence, parking, heating and any seller fees are not supplied.