Summary - Flat 3 Lime Grove, Cannonbury Road, RAMSGATE CT11 9NR
2 bed 2 bath Flat
Seaside investment with private courtyard and long lease.
Two double bedrooms; master bedroom with en-suite shower room.
Private courtyard garden accessed via French doors.
Currently tenant-occupied producing ~6.3% gross yield.
Chain free sale but property sold with tenant in situ.
Long lease (979 years); low ground rent (£50).
Service charge £700 per year (below average).
635 sq ft; purpose-built, modern construction (2007+).
Area classed as very deprived; crime levels above average.
A well-presented two-bedroom, two-bathroom purpose-built flat just a short walk from Ramsgate town centre and the Royal Harbour. The open-plan living area opens via French doors to a private Victorian-style courtyard, bringing useful outdoor space to ground-floor apartment living. At 635 sq ft the layout is practical: two double bedrooms (master with en-suite), a family bathroom and a combined kitchen/living room.
This property is offered chain-free but sold with a tenant in situ, currently producing around a 6.3% gross yield — a clear draw for investors seeking immediate income. The long lease (979 years), modest ground rent (£50) and below-average service charge (£700) reduce longer-term ownership costs and increase investment appeal.
There are material location considerations to weigh. The local area is classified as very deprived and crime levels are above average; nearby school ratings are mixed. The flat is modern (built 2007 onwards) with mains gas heating, double glazing and cavity walls. No flood risk is recorded.
Overall this is a straightforward buy-to-let opportunity for investors wanting an income-producing seaside asset with low holding costs and a private courtyard. Owner-occupiers should note the property is tenant-occupied and currently not available vacant, and the neighbourhood will suit buyers prepared to accept the area’s social and safety profile.
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