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Manor Road, Deal, CT14 - Image 1
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Manor Road, Deal, CT14 - Image 4

Manor Road, Deal, CT14

South East

£175,000
Listed on 29/02/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This historic corner cottage, originally a forge dating back to the 1600s, presents a unique opportunity for renovation and investment. The property retains its traditional thatched roof and distinctive architectural features, holding significant potential for transformation into a charming residence or commercial space. Given its status as a listed building, there may be opportunities for grants to assist with restoration efforts. Located in the seaside town of Deal, this property benefits from proximity to an array of independent shops and vibrant weekly markets, fostering a strong community vibe. The town is also home to two impressive castles and boasts stunning Georgian architecture. The picturesque quarter-mile pier offers breathtaking views of the historic seafront. With Deal being recognized as one of the top coastal destinations in the UK, it provides an excellent backdrop for investors looking to capitalize on the growing interest in beachfront living. This property's rich history combined with its prime location offers substantial potential for those looking to create something special in this desirable area.

Investment Analysis

(CT14 area)
Area Average
£352/sq ft
Avg Rent (weekly)
£283
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (CT14)

Area prices are falling by +3.1% over the last 12 months
3 year growth: -10.7%
5 year growth: 5.6%
Investment Disclaimer: Analysis based on CT14 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

Manor Road, Deal, CT14
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Mortgage Calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£641
Based on a loan of £131,250 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