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5 bedroom flat for sale
Crescent Road, Ramsgate
£375,000
Crescent Road, Ramsgate
£375,000
Our Summary
- 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
Description
This freehold block of two flats in Ramsgate's Crescent Road is a ready-made investment opportunity in a central location. The property consists of two spacious flats, one with one double bedroom and an open-plan living/kitchen area, and the other with four double bedrooms spread over three floors. The flats have a combined potential annual income of circa £22,500, which could be increased by reviewing the current rents to provide a higher return. With a yield of around 5% if the current rents were increased to market value, this investment offers a strong potential for returns. The property is being sold as an ongoing investment, making it an attractive option for anyone looking to add to their portfolio.