4 bed flat for sale

Crescent Road, Ramsgate, Kent CT11

Investment Opportunity Block of Four One-Bedroom Flats
Cooke & Co are delighted to offer this block of four one-bedroom flats situated on Crescent Road, Ramsgate, presenting an excellent opportunity for investors looking for an established, income-producing property.
All four flats are currently tenanted, making this a ready-to-go investment from day one. Two of the flats currently achieve £675 pcm, with the remaining two achieving £700 pcm, providing a combined rental income of £2,750 per month and an annual rental income of £33,000.
Based on an asking price of £355,000, this represents a gross rental yield of approximately 9.3%, before allowing for any management, maintenance or other associated costs.
The flats would benefit from some modernisation and general refreshing throughout, offering the incoming purchaser further scope to improve the accommodation over time. Flat 1 also benefits from its own garden, providing an additional selling point.
Crescent Road is conveniently positioned within easy reach of Ramsgate town centre and seafront, with local amenities, bus routes and transport links all nearby.
Offering immediate rental income alongside further potential to enhance the accommodation, this is an exciting opportunity for investors looking to expand their portfolio in Ramsgate.

Flat 1

Private entrance via lower ground floor-

Porch Area

Laminate flooring, window to side

Hallway

Carpeted. Windows to side.

Bedroom (14'0 x 12'09 (4.27m x 3.89m))

Bay window to front, carpeted, power points, skirting and picture rails, radiator.

Bathroom (6'01 x 5'07 (1.85m x 1.7m))

Cupboard which houses boiler, low level w/c, radiator, bath with shower attachments, tiled walls, laminate flooring, radiator.

Lounge/Diner (13'05 x 13'01 (4.09m x 3.99m))

Window to rear, laminate flooring, power points, skirting, coving.

Kitchen (9'02 x 6'01 (2.79m x 1.85m))

Window to rear, vinyl flooring, sink with mixer taps, space and plumbing for washing machine, integrated oven, tiled splash backs, power points. Access to rear garden;

Rear Garden

Laid to lawn, laid to pave patio area.

Flat 2

Access via communal entrance then to private front door into;

Hallway

Carpeted.

Bedroom One (16'02 x 14'04 (4.93m x 4.37m))

Bay window to front, carpeted, power points, skirting and coving, radiator.

Lounge/Diner (13'02 x 12'10 (4.01m x 3.91m))

Carpeted, skirting and coving, power points, radiator, access to-

Kitchen (12'03 x 8'01 (3.73m x 2.46m))

Window to rear, vinyl flooring, stainless steel sink with mixer taps, space for oven, tiled splash backs, space and plumbing for washing machine, space for fridge/freezer, radiator, skirting.

Stairs Leading Down To

Carpeted stairs to;

Bathroom (6'09 x 5'19 (2.06m x 2.01m))

Window to rear, laminate flooring, low level w/c, sink with mixer taps, bath with shower attachments, skirting.

Flat 3

Access via communal entrance then to private front door into;

Hallway

Carpeted, skirting.

Bathroom (6'11 x 5'08 (2.11m x 1.73m))

Low level w/c, bath with shower attachments, tiled splash backs, sink with mixer taps, extractor fan, vinyl flooring.

Bedroom (12'08 x 11'10 (3.86m x 3.61m))

Windows to rear, carpeted, skirting, power points, storage cupboard.

Lounge/Diner (13'08 x 10'09 (4.17m x 3.28m))

Windows to front, carpeted, skirting, power points, storage cupboard.

Kitchen (7'0 x 6'11 (2.13m x 2.11m))

Window to front, vinyl flooring, stainless steel sink with hot and cold taps, space and plumbing for washing machine, space for oven, tiled splash backs, boiler.

Flat 4

Access via communal entrance then to private front door into;

Hallway

Carpeted. Windows to side.

Bedroom

Window to rear. Carpeted. Skirting. Power points. Radiator.

Bathroom

Frosted window to side. Vinyl flooring. Bath with shower attachment. Low level W/C. Sink with mixer taps.

Lounge/Diner/Kitchen

Window to front. Part vinyl. Part carpeted. Power points. Skirting. Radiator.

Agents Notes

Please note all of the above properties are tenanted therefore we have not proceeded with a virtual tour or floorplan so please arrange an accompanied viewing in person.