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Eddington Lane, Herne Bay - Image 1

Eddington Lane, Herne Bay

South East

£220,000
Listed on 26/02/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This is a prime opportunity for developers looking to acquire a spacious residential development site under an Option Agreement, offering the potential to maximize value through strategic planning. The plot measures approximately 16 meters in width and 51 meters in depth, providing a flexible layout for high-quality residential projects, pending the necessary planning consent. Its generous dimensions make it particularly appealing for customized housing solutions in a sought-after location. The structured Option Agreement allows developers to secure exclusive purchasing rights while completing due diligence activities such as surveys and design proposals, without upfront full acquisition costs until planning approval is obtained. This mitigates risk and provides a sensible entry strategy into the market. Planning submissions will be directed to Canterbury City Council, with adherence to local development policies and guidelines expected. A collaborative relationship will be maintained with landowners throughout essential processes, including the removal of existing structures and subdivision in compliance with HM Land Registry requirements. All requisite legal, survey, and planning activities necessary for the subdivision and subsequent transfer will be part of this comprehensive development process. In summary, this project represents a well-defined opportunity within the Canterbury City Council area; it features cooperative landowners and clear pathways for planning approval that can yield significant returns.

Investment Analysis

(CT6 area)
Area Average
£356/sq ft
Avg Rent (weekly)
£263
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (CT6)

Area prices are stable by +1.8% over the last 12 months
3 year growth: -4.4%
5 year growth: +7.7%
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

Eddington Lane, Herne Bay
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Mortgage Calculator

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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£793
Based on a loan of £165,000 over 30 years at 4.06% 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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