Summary - 9 - 11 FLAT 7 ALBERT ROAD RAMSGATE CT11 8DR
6 bed 5 bath Not Specified
**Standout Features:**
- Investment opportunity with five one-bedroom flats and a two-bedroom basement unit.
- Prime location near Ramsgate marina and local amenities.
- Freehold title, allowing full ownership and flexibility for future renovations.
- Current rental potential estimated at £50,000 per annum.
- Historic Victorian architecture with charming bay windows and a small garden area.
- Excellent mobile signal and fast broadband.
**Concerns:**
- EPC Ratings of D and E indicate potential energy efficiency improvements are needed.
- Property condition may require modernization and updates, particularly in shared spaces.
- Above average crime rates in the local area.
**Summary:**
Step into the vibrant texture of Ramsgate life with this unique investment property on Albert Road. Comprising five meticulously arranged flats, including an appealing two-bedroom basement unit, this Victorian treasure maximizes rental potential in a sought-after area. The building boasts traditional architecture highlighted by beautiful bay windows, while the inviting garden provides a rare outdoor space. With an estimated rental yield of £50,000 per annum and proximity to local amenities and transport links, this property captures both investor interest and tenant demand effectively.
Though the property requires some modernization to enhance its current utility and energy ratings (EPC D and E), its historic charm and prime location present a canvas for future renovations that can significantly boost its value. With a mix of modern conveniences and captivating character, don’t miss this chance to create a profitable venture in a bustling community space. Act swiftly, as opportunities like this don’t last long!
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