AUCTION ENDS - TUESDAY 26TH AT 12PM

For sale by Modern Method of Auction; Starting Bid Price £50,000 plus Reservation Fee.

Nestled in a popular location, this 1-bedroom apartment presents a promising investment opportunity for those with a keen eye for potential. In need of refurbishment, this property offers a blank canvas for the savvy investor to transform it into a contemporary living space tailored to modern tastes.

Upon entering, you are greeted by a modest yet well-proportioned living area that has the potential to be reimagined into a stylish and functional space. The adjoining kitchen, while requiring a refurbishment, offers ample room for culinary creations and the opportunity for customisation to suit personal preferences.

The bedroom, with its generous dimensions, provides a comfortable sanctuary at the end of a long day. Bathed in natural light, this space offers endless possibilities for creating a tranquil retreat that fosters relaxation and restful sleep.

In need of tender loving care, the bathroom presents an opportunity to craft a spa-like oasis that caters to both functionality and aesthetics. With a vision and the right touch, this space can be transformed into a luxurious haven that adds value to the property.

Furthermore, this apartment benefits from its prime location, which offers residents access to a host of amenities, including shops, restaurants, and transport links, ensuring convenience and ease of living. Situated in a sought-after area, this property appeals to a wide range of potential renters or buyers, making it an attractive investment opportunity for those looking to capitalise on its potential.

Property construction is brick and block and has had no adaptions for accessibility.

Auctioneer Comments

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300 inc VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £7,080 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.

Location

Ramsgate is situated on the southerly aspect of the Isle of Thanet and benefits the country’s only Royal Harbour, its status being granted by King George IV in 1821. The distinctive and beautiful harbour has a vibrant yachting community alongside some commercial activity and was where the Little Ships evacuation of Dunkirk set out from in 1940. The town is enjoying something of a Renaissance with its large amount of Grade II Listed property, many set within elegant Regency squares, or overlooking the sea, others with links to or influenced by the architect Augustus Pugin. In recent years the Royal Harbour has seen many restaurants, cafes and bars emerge alongside quirky independent retail outlets, some utilising the arches on the quayside beneath Royal Parade. The town is steeped in history with associations to many well known figures including Queen Victoria , Karl Marx and Vincent Van Gogh as well as having a fascinating network of tunnels beneath the main centre. The fortunes of the town have been hugely assisted by the recent addition of a high speed rail link to London St Pancras making a commute for many a viable option.