Buy to Let in Ramsgate, BMV

The proposed strategy is to acquire the property and let it to tenants for consistent rental income and longer-term capital growth. The figures should be reviewed alongside local demand, expected running costs and finance terms.
The agent believes this property is being sold at a discounted price, below the open market value.
This property is currently tenanted and is able to create day 1 cashflow.

20% BMV tenanted invested opportunity.

This sale includes the 4 bed maisonette, with an increased leasehold to 999 years, along with the freehold for the building, which includes the basement flat.

This property is ideally situated right next to the town centre and within a short walk to the Ramsgate Royal Harbour and high-speed rail links to London St Pancras, meaning there is a high demand for rental properties in this location. There is ongoing investment in Thanet, specifically the Ramsgate High Street Heritage Action Zone, which continues to improve the local aesthetic and attract commercial interest, organically driving up the price of adjacent residential areas. The capital appreciation is forecast to hit between 3% and 5% in 2027 and 4% - 6% in 2028, which supports the suggested strategy of buying to let and holding.

The figures below are based on a 25% deposit and a 10% property management fee, which can be taken off if an investor wishes to manage the property themselves.

Financial Information
Current value: £255,000
Purchase price: £205,000
Purchase costs: £69,400
Refurb/works cost: £0
Sourcing fee: £4,100
GDV: £255,000
Monthly profit (£): £342.73
Annual profit: £4,122.70
Monthly rent: £1,295
Annual rent: £15,540
ROCE (%): 13%
Yield: 6%
Money left after refinance: £31,900
Investment required: £69,400