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Albany Drive, Herne Bay - Image 1
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Albany Drive, Herne Bay

South East

£350,000
Listed on 02/08/2025

Property Details

Bedrooms
3
Type
Detached house
Area
699 sqft

Description

This detached bungalow offers a blend of practicality and renovation potential, located on the desirable west side of town. Its position ensures convenient access to local shops, public transport on the main bus route, and a short drive to the town center and railway station. The nearby sea front adds to the appeal of this location for both residents and investors. Boasting three bedrooms, the layout provides flexibility for families or those looking to create additional living space. While the interior shows signs of wear that would benefit from updating, this presents an excellent opportunity for buyers looking to customize their home or enhance its market value through renovations. Notably, the integral garage could be repurposed into an additional reception area, further increasing living space. The property features gas central heating and double-glazed windows throughout, ensuring comfort in every season. The compact rear garden is designed for easy maintenance while providing a pleasant outdoor space with a westerly aspect—ideal for relaxation or gardening enthusiasts. Inside, you’ll find an L-shaped entrance hall that connects to all main rooms and includes practical storage solutions. The lounge offers a comfortable area with natural light streaming in from the front of the property. Each bedroom has been designed with essential amenities such as power points and radiators. The kitchen comes equipped with base units, wall cupboards, and essential appliances including a gas hob and electric oven, along with direct access to the rear garden—a valuable feature for entertaining or everyday use. This property is offered with no onward chain, presenting a straightforward transition for potential buyers. Whether you are seeking a cozy retirement haven or an investment opportunity ripe for improvement, this bungalow has significant potential waiting to be unlocked in a prime location.

Investment Analysis

(CT6 area)

Above Market Value

This property is priced +40.6% above area average per sq ft

+40.6%
This Property
£501/sq ft
Area Average
£356/sq ft
Avg Rent (weekly)
£270
Avg Yield
3.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£273,767
10% above area average per sq ft
Potential ROI
-27.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CT6)

Area prices are rising by +3.4% over the last 12 months
3 year growth: -3.1%
5 year growth: 10.8%
Investment Disclaimer: Analysis based on CT6 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Albany Drive, Herne Bay
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,282
Based on a loan of £262,500 over 30 years at 4.19% interest

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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE