Ramsgate

Area Guide For Ramsgate

Ramsgate is a sea port town in the district of Thanet in east Kent, England. It was known to be one of the great English seaside towns of the 19th century before Blackpool and Brighton era and is a member of the ancient confederation of Cinque Ports. It has a population of from 40,000 residents. Ramsgate’s main tourist attraction is its coastline and its main industries are tourism and fishing. The town has one of the biggest marinas on the English south coast and the Port of Ramsgate has granted cross-channel ferries for many years.

 
 

Ramsgate Map

Estimated Price: £199,363
Average Asking Price: £203,242
Price change in last one year: £20,034
Average Price Paid: £160,198
Average Rent Rates: £660

 
 

Property Prices Breakdown in Ramsgate

Average Price for property in Ramsgate is around £199,363 which varies based on type of property you are interested in and ranges from £289,277 for detached house to around £206,504 for semi-detached. Similarly terraced house is around £179,967 and a flat is worth £129,401. Values have been changing and have risen £2,557 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,910 in last 6 months, £20,034 in last 1 year, £30,913 in last 2 years, £36,942 in last 3 years, £31,993 in last 4 years and £32,426 in last 5 years.

Currently average asking price of a property in Ramsgate is around £203,242 based on approximately 757 properties for sale. Same is the case with rental options based on 127 properties up for rent, average asking rent is around £660 per month.

Estimated property value in Ramsgate is £199,363. Average asking price is £203,242 while average price paid is £174,586 which is up by £20,034 and Avg. asking rent £660.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Ramsgate area. In last 1 year alone average price buyer paid is around £174,586 based on approximately 757 sales in Ramsgate area alone. If you compare it to last 3 years sales of 2,101 properties where buyers paid around £163,415. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £160,198 for 3,340 and average amount paid for purchase of approx. 4,390 properties sold in last 7 years comes to about £159,693 per sale.

 
 

Properties For Sale in Ramsgate

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £116,104, £171,578 for a 2 bedroom house, £220,965 for a 3 bedroom house, £275,700 for a 4 bedroom house and £394,621 for a 5 bedroom house. For a flat similarly the prices varies from £93,058 for a single bedroom to £148,109 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £197,267 and £325,000 for a 5 bedroom flat. To sum up the asking prices for properties in Ramsgate it comes to around average £95,751 for 1 bedroom property, £158,033 for 2 bedroom, £218,755 for 3 bedroom, £275,700 for 4 bedroom and £392,221 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £394 for 1 bedroom to £765 for 2 bedrooms, £742 for 3 bedrooms, £724 for 4 bedrooms and £1,200 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £449. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £639, £639 for 3 bedroom and £1,400 for 4 bedroom. You should be generally be expecting around average £445 rent per month for single bedroom property, £682 for 2 bedroom, £713 for 3 bedroom, £1,174 for 4 bedroom and approximately £1,200 for a 5 bedroom property in Ramsgate area.

Popular Houses in Ramsgate

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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