Homewise says ..

Property Oracle says ..

This four-bedroom terraced house on Margate Road in Ramsgate, Kent, is presented by Homewise. The property boasts four bedrooms and one bathroom, and while the provided square footage is 700 sqft, this information is in contrast to that supplied by the estate agent, suggesting a potential discrepancy between the provided data and the property itself. The location offers proximity to Ramsgate’s amenities, including schools and the train station. Nearby schools are rated as ‘Good’ by Ofsted at least in one case. The interior, as seen in the photos, shows a property that appears habitable and well-maintained but may benefit from minor aesthetic upgrades. However, one critical point to note is that the property is listed as a ‘Home for Life Lifetime Lease for OVER 60s’. This significantly impacts the interpretation of the price and overall value proposition, as it’s not a freehold purchase. The exterior and garden area appear limited, suggesting minimal outdoor space. The price of £178,000 seems relatively competitive for a lifetime lease within the context of the Ramsgate market, given the available data, but potential buyers must fully understand the implications of this leasehold agreement and conduct a thorough due diligence prior to making any decisions.

Therefore, we give this property 5 / 10. Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.

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