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A view of Ramsgate Royal Harbor and its seafront.

If you’re a property investor, you’re probably aware of the sudden surge of interest in the Kent coastline. Hundreds of savvy buyers are purchasing property in locations like Broadstairs and Margate, due to their appeal for tenants looking to move out of London, but remain within commuting distance.

As such, prices in these areas have risen fairly steeply. However, Ramsgate is still affordable, though this may not be the case for long. Here’s more information.

Why is Ramsgate Set to Rise in Price?

Historically, Ramsgate has often been overshadowed by its more popular neighbour, Margate. There was a reason for this – although Ramsgate boasted some stunning architecture, it also had its rather shabbier areas, which deterred people from buying there.

But this looks set to change. Earlier this year, the town was selected as one of the country’s first Heritage Action Zones. This means that Historic England will be investing £400,000 into the town over the course of the next five years, dramatically regenerating the area, and attracting new businesses to the town too.

Our prediction? Over the next few years, prices will start to climb rapidly in Ramsgate, making it a wise idea to move there sooner rather than later.

What Sort of Property in Ramsgate?

If you’re looking for buy-to-let property for sale in Ramsgate, you’ll be pleased to know that there’s a wealth of options on offer.

  • Period properties. At the upper end of the market, there are some lovely examples of Victorian and Edwardian terraced, semi-detached and detached properties. As you might expect, many retain their original features, with original fireplaces, sash windows and high ceilings. A few are even on the seafront, making them especially sought-after.

 

  • Contemporary houses. Developers have also realised Ramsgate’s potential, and as a result, have started building modern homes in the area. These types of property usually offer spacious dimensions, plus appealing extras, like a driveway and good-sized garden; making them ideal for families.

 

  • Apartments. If you’re on a budget, you may want to consider one of the many excellent one- and two-bedroomed apartments available in the town; some in modern tower blocks, others in converted period buildings. These are especially well suited to young professionals, especially if you search for one that’s close to the train station.

Things to Consider When Searching for Buy-to-Let Property for Sale

Ramsgate has plenty of charm, and as such, it’s easy to get wooed by some of the attractive properties on offer. However, it’s vital to remember that any form of property investment is a business transaction; and in some cases, a less visually appealing house or flat might be more suitable.

Before viewing any investment properties, try to get a rough idea of how much rent you’ll be able to generate from them, and what your ROI will be. A good property investment agent will be able to assist with this.

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If you’re interested in investing in property in Ramsgate (or anywhere else in the UK), talk to the Buy2Let Shop. We’re a team of expert property investment agents, and it’s our job to find you the ideal buy-to-let property for sale, at a price that works with your budget.

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