Summary - 74 St. Mildred's Road, Ramsgate, Kent CT11 0EQ
2 bed 1 bath Ground Flat
Chain-free ground-floor flat with garden and parking — ideal for investors or renovators..
Chain free ground-floor Victorian flat with private entrance
Private rear courtyard garden, low maintenance outdoor space
One allocated off-street parking space to the rear
Requires full modernisation throughout; refurbishment opportunity
Lease length 55 years — lenders likely to refuse mortgages
Lease extension quoted: 90 years for £24,300 (buyer cost)
Service charge approximately £1,100 per year
Compact size (497 sqft) — not spacious for families
A compact two-bedroom ground-floor flat on St. Mildred's Road offering clear upside for an investor or buyer comfortable with renovation. The apartment includes its own private entrance, a small low-maintenance rear garden and one allocated parking space — practical assets in a central Ramsgate location. The building is Victorian solid-brick construction with double glazing and gas central heating, providing a sound base for modernisation.
The property is being sold chain free and measures approximately 497 sq ft. The flat requires refurbishment throughout, so it suits a buyer looking to add value rather than someone seeking a move-in-ready home. There is a formal quote to extend the lease by 90 years for £24,300; this cost is a material consideration and likely to be necessary to improve marketability and lending prospects.
Important practical concerns: the current lease has 55 years remaining. Many mortgage lenders refuse lending on properties with short leases, so cash buyers or those prepared to fund a lease extension should be prioritised. The property also carries an average service charge of £1,100 and will need renovation works, which should be budgeted for.
For the right purchaser this is a straightforward value-add opportunity: a period ground-floor apartment with private outdoor space and off-street parking close to rail and bus links. It will suit an investor expanding a portfolio, a holiday-home buyer, or a purchaser prepared to carry out works and a lease extension to secure longer-term value.
2 bedroom ground floor flat for sale in St. Mildred's Road, Ramsgate, Kent, CT11 — £86,250 • 2 bed • 1 bath • 497 ft²
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