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Mortimer Street, Herne Bay

South East

£410,000
Listed on 30/07/2025

Property Details

Bedrooms
3
Type
Detached house
Area
2863 sqft

Description

This property presents a unique opportunity for investors or business owners looking to capitalize on its potential. Located in the bustling center of Herne Bay, this versatile ground-floor commercial space features three distinct rooms that can accommodate a variety of uses, including retail, food service, or professional offices. The prominent shopfront benefits from high visibility and foot traffic, making it an attractive location for any business venture. In addition to its commercial appeal, the property has been granted planning permission for the development of residential flats on the upper floors. This aspect significantly enhances its investment potential, allowing for a mixed-use opportunity that could generate additional income streams over time. The existing layout includes rear rooms currently equipped with commercial refrigeration units, offering options for future modifications or expansions. Herne Bay is a sought-after coastal town known for its vibrant community and amenities, providing a favorable environment for both retail operations and residential living. With its strategic position in a prime location and the added advantage of approved planning applications, this property stands out as a promising renovation project that can yield substantial long-term returns. For further information or to schedule a viewing, please get in touch with Zest Homes Commercial.

Investment Analysis

(CT6 area)

Below Market Value

This property is priced -59.8% below area average per sq ft

-59.8%
Potential saving
This Property
£143/sq ft
Area Average
£356/sq ft
Avg Rent (weekly)
£270
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£1,121,308
10% above area average per sq ft
Potential ROI
+128.8%
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

Mortimer Street, 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
£1,502
Based on a loan of £307,500 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.

Next Steps

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