Whenever looking for a house for sale in the UK or in Ramsgate, it is vital you look at the market trends and house price fluctuations in the wider area of Kent too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Ramsgate.
In this article, we will be looking at the city of Ramsgate in detail so you know how to navigate the area and have a better understanding on where to invest.
What is the final sale price of a house in Ramsgate?
As well as looking at the asking price for house for sale in Ramsgate, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Ramsgate.
Houses for sale, are sold on average in Ramsgate, after the influence of these factors, at £239,819 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 6% over the last 10 years.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £350,417 |
| Aerage sold price (semi-detached) | £264,424 |
| Aerage sold price (terraced) | £221,816 |
| Aerage sold price (flat) | £138,317 |
This table above shows the average sale price for each variation of houses for sale in Ramsgate.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,640 |
| Aerage sold price/sqft (new build) | £2,850 |
| Aerage sold price/sqft (old stock) | £2,500 |
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Ramsgate is £3,180.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Invest in a house for sale that meets your demands
What parameters impact the final price of a house for sale in Ramsgate?
Here below is our list with the most important ones:
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House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
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House Location – the actual location of a house for sale drastically changes the final price of a property
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Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
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Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
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Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
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Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
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Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
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Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
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Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
Thinking about other cities with houses for sale?
We have prepared a list of cities in South East, the same UK region of Ramsgate that can help you evaluate the different houses for sale listed in the region:
- Aylesford in South East
- Benover in South East
- Cowley in South East
- Chineham in South East
- Windlesham in South East
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
Always consider average rental yield when searching for houses for sale in Ramsgate
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Ramsgate this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (South East) alongside Kent then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Ramsgate.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Ramsgate | 3.4% | £947 | 138% | 9.0% |
| Kent | 3.63% | £1,229 | 130.16% | 16.77% |
| South East | 3.58% | £1,301 | 127.50% | 16.69% |
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Ramsgate.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (22) will be useful.
Is the housing market in Ramsgate growing?
Whenever you are thinking about looking for houses for sale in Ramsgate, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Ramsgate growth rate | 6% | 27% | 35% |
As the population of Ramsgate grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
What are the people like in Ramsgate?
Located in Kent is the city of Ramsgate, in a large part of the UK; South East. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Ramsgate has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Ramsgate which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
Are the people in Ramsgate earning a lot?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£37,400 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 15% for Ramsgate.
What is the education level like in Ramsgate?
In the city of Ramsgate, 19% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Ramsgate is £37,400. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
What is the city of Ramsgate’s social grade score?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Ramsgate compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Ramsgate, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 15%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
| Social Score | Category | The proportion of the UK population (%) |
|---|---|---|
| A | Professional, managerial or administrative | 4 |
| B | Intermediate managerial or professional jobs | 23 |
| C1 | Supervisory, junior managerial or professional jobs | 29 |
| C2 | Skilled manual workers | 21 |
| D | Semi and unskilled manual workers | 15 |
| E | State pensioners, casual & lowest grade workers | 8 |
What’s crime like in Ramsgate?
Within Ramsgate, the number of people committing crimes is 186 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 186 figure carefully.
Are the deprivation levels of the UK any different to Ramsgate?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Ramsgate is 31%.
In Ramsgate, how has the population changed?
Population growth in Ramsgate is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Ramsgate, 29,228 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Ramsgate in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Ramsgate, this change has been 1%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 1%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Ramsgate?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 6% in Ramsgate.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
In the city of Ramsgate, how much green space remains for residents?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Ramsgate, 4.6 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Ramsgate.
Invest in houses for sale in Ramsgate with the right professional advice
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
Asking price in Ramsgate for a house for sale
The average asking price for the houses for sale in the city of Ramsgate
| Average asking price (1 bed) | £163,428 |
| Average asking price (2 bed) | £260,343 |
| Average asking price (3 bed) | £339,674 |
| Average asking price (4 bed) | £468,103 |
| Average asking price (5 bed) | £582,139 |
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£3,730) for houses for sale with this table to get a good idea as to whether Ramsgate is the right area to buy a house in for you.
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Ramsgate is £330,082.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Ramsgate is useful when negotiating and knowing what to expect for every type of house for sale.
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