Crescent Road, Ramsgate
- PROPERTY TYPE
Flat
- BEDROOMS
5
- BATHROOMS
3
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Freehold block of flats
- Two flats in total
- One bedroom flat & four bedroom flat
- Ready made investment
- Income potential £22,500 pa
- 48 hours notice to view
- Immediate income
- Central location
- Call to view
Description
If you are looking for a ready-made investment in a centralised location then this block of two fantastic flats in Crescent Road, Ramsgate would be a perfect match to add to your portfolio!
Being sold as an ongoing, ready-made investment this freehold block of two spacious flats has plenty to offer any investor.
The first flat is situated on the lower ground floor and consists of one double bedroom, an open planning living / kitchen area, a shower room and a private outside decking area. The second flat is a substantial property with a total of four double bedrooms and is spread out over three floors. On the ground floor you will find your snug / lounge room, followed by a separate kitchen, utility room and downstairs W/C. To the first floor you will find two double bedrooms, a built-in storage cupboard and two-family bathrooms. On the top floor you will find the final two double bedrooms.
The potential annual income of this block is circa £22,500 if the current rents were reviewed by the future owner, to provide a higher return. If the current rents were increased to the current market value, then at the current asking price this investment would yield around 5%.
If you would like any further information or would like to book your accompanied viewing, please get in touch by visiting our website or calling us today!
Basement Flat
One bedroom lower ground floor apartment with private entrance and access to private decking area. This tenant is currently paying £480 PCM however we have been advised by our lettings team that the monthly rent could be increased to £675 PCM.
Private Entrance
Via UPVC door into;
Porch Area
Carpeted throughout. Storage cupboard.
Lounge/Diner
16'0 x 15'06 (4.88m x 4.72m)
Bay window to front. Carpeted throughout. TV point. Radiator. Skirting. Electric fire. Power points.
Hallway
Carpeted throughout. Skirting.
Bedroom
12'01 x 9'02 (3.68m x 2.79m)
Windows to rear. Radiator. Carpeted throughout. Skirting. Power points.
Kitchen
10'06 x 5'07 (3.2m x 1.7m)
Matching array of wall and base units with complimentary work surfaces. Stainless steel sink with mixer taps. Space and plumbing for washing machine. Space for fridge/freezer. Integrated oven and four burner induction hob. Vinyl flooring. Power points. Patio door with access to rear garden.
Shower Room
5'01 x 7'09 (1.55m x 2.36m)
Window to side. Low level W/C. Walk in shower. Sink with mixer taps. Storage cupboard. Vinyl flooring.
Rear Garden
Decked throughout.
Second Flat
Four bedroom maisonette with its own private entrance and private rear garden. The current tenant is paying £900 PCM however we have been advised by our lettings team that this could be increased to £1,200 PCM.
Private Entrance
Via UPVC door into;
Porch Area
Leading to;
Hallway
Arch way feature. Carpeted throughout. Skirting and coving. Radiator. Under stair storage cupboard.
Lounge
15'11 x 12'03 (4.85m x 3.73m)
Bay window to front. Carpeted throughout. Power points. Skirting. Power points. TV point.
Kitchen/Diner
13'02 x 10'03 (4.01m x 3.12m)
Windows to rear. Matching array of wall and base units with complimentary work surfaces. Tiled splash backs. Vinyl flooring. Integrated oven with four burner induction hob. Stainless steel sink with mixer taps. Space for dish washer. Power points.
Utility Room
7'10 x 7'07 (2.39m x 2.31m)
Space and plumbing for washing machine. Space for tumble dryer. Stainless steel sink with mixer taps. Radiator. Power points. Vinyl flooring. Door with access to rear garden.
Downstairs Toilet
4'09 x 4'03 (1.45m x 1.3m)
Low level W/C. Vinyl flooring. Sink with mixer taps.
Stairs To First Floor
Carpeted stairs leading to;
Shower Room
8'07 x 4'11 (2.62m x 1.5m)
Windows to rear. Walk in shower. Low level W/C. Heated chrome towel rail. Vinyl flooring.
Family Bathroom
8'06 x 7'0 (2.59m x 2.13m)
Windows to rear. Low level W/C. Bath with mixer taps. Sink with mixer taps. Vinyl flooring. Skirting.
Bedroom
13'0 x 6'09 (3.96m x 2.06m)
Windows to front. Carpeted throughout. Power points. Radiator. Skirting.
Bedroom
12'09 x 6'07 (3.89m x 2.01m)
Windows to front. Carpeted throughout. Power points. Radiator. Skirting.
Stairs To Second Floor
Carpeted stairs leading to;
Bedroom
12'10 x 10'02 (3.91m x 3.1m)
Windows to rear. Carpeted throughout. Power points. Radiator. Skirting.
Primary Bedroom
12'08 x 16'01 (3.86m x 4.9m)
Windows to front. Carpeted throughout. Power points. Radiator. Skirting.
Rear Garden
Decked throughout.
Agents Notes
Please be advised there are individual EPC's for each flat available at request.
Brochures
Full Property Details- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Crescent Road, Ramsgate
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ramsgate Station0.6 miles
- Dumpton Park Station1.1 miles
- Broadstairs Station2.2 miles
About the agent
Cooke & Co, Broadstairs
56 High Street, Broadstairs, CT10 1JT
If you are looking for a long standing, highly experienced and trusted estate agency in Thanet, Kent , then visit Cooke and Co.
Managing owner Damien Cooke started the business in 1992 in Cliftonville and has subsequently expanded the organisation with offices now in Broadstairs, Ramsgate, a display office in Birchington and an associate office in Park Lane London . Damien knows the importance and value of a professional team and have selected
Industry affiliations
Notes
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