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Marine Parade, Sheerness

PROPERTY TYPE

End of Terrace

BEDROOMS

9

BATHROOMS

1

SIZE

3,316 sq ft

308 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Description

Nestled on Marine Parade in Sheerness, this stunning Victorian end-terrace house, built in 1900, offers a remarkable opportunity for both investors and those seeking a spacious family home. Spanning an impressive 3,315 square feet, the property boasts seven well-appointed bedrooms and a reception room, providing ample space for comfortable living.

Having undergone a makeover and is a 9 room HMO with a licence for 14 persons. , this property is presented to a very high standard, ensuring a clean and inviting atmosphere throughout. The exterior has also been beautifully maintained, enhancing the overall appeal of this charming residence.

Currently fully licensed as a 14-room House in Multiple Occupation (HMO), this property is ready for immediate occupation and lettings. The rental demand in the area is exceptionally high, with potential earnings of £750 per month per room, making it an attractive investment opportunity. With thousands of applicants actively seeking rental accommodation, the new owner can expect a steady stream of prospective tenants.
This property is not just a house; it is a gateway to a lucrative investment in a thriving rental market. For those interested in capitalising on this opportunity, Lovett's of Ramsgate, Kent, is available to assist with any inquiries and to facilitate the next steps in securing this remarkable property. Don't miss out on the chance to own a piece of Victorian elegance in a prime location.
5 x single with On-suite ~ £850 PCM
4 x single rooms ~ £750 PCM

Total rental income with full occupancy PCM ~ £7250
Yearly ~ £87,000

Room share ( floor space required to share 10.22 sqm)

5x double with on-suite ~ £950 PCM
4 x single rooms ~ £750 PCM

Total rental income with full occupancy PCM £8000
Yearly £96,000

Valuation yield in this area 10.4 %

Total commercial value of property £998,400

Brochures

Marine Parade, SheernessBrochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: D
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Marine Parade, Sheerness

Approximate location
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Affordability

Monthly repayments£3,761
Property: £ 750,000
Deposit: £ 75,000
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Extension potential
Recently sold & under offer
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About LOVETTS RAMSGATE, Ramsgate

78/78A High Street, Ramsgate, CT11 9RX

You receive only a first-class service that is carefully tailored to your individual requirements. This is why a substantial amount of our business is generated from personal recommendations. We make it our business to know just about everything that will make your property more appealing to potential buyers and tenants. Combining this with our experience in all aspects of the property market, we ensure you a swift and effortless transaction.

Lovetts of Ramsgate is based in one of the most beautiful parts of the UK, the Isle of Thanet, which boasts miles of sandy beaches and stunning countryside. We pride ourselves on having the only Royal Harbour in England, which has a thriving marina. As a consequence, we often attract buyers and tenants from further afield such as London, one of the highest-priced cities in the country. Properties in Thanet and East Kent make an attractive proposition for London buyers and London renters looking for a change of lifestyle, and may have realised the tranquility of living by the seaside. Ramsgate has a long stretch of golden sands.

There are obviously no tenant fees chargeable for administration but a holding fee of one weeks rent would secure your rental for two weeks. For vendors our offer currently is 1% plus VAT on a no sale no fee basis.

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Disclaimer - Property reference 34729376. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by LOVETTS RAMSGATE, Ramsgate. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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