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Basement Flat, 7 Richmond Street, Herne Bay, Kent CT6 5LR - Image 1
Basement Flat, 7 Richmond Street, Herne Bay, Kent CT6 5LR - Image 2
Basement Flat, 7 Richmond Street, Herne Bay, Kent CT6 5LR - Image 3
Basement Flat, 7 Richmond Street, Herne Bay, Kent CT6 5LR - Image 4
Basement Flat, 7 Richmond Street, Herne Bay, Kent CT6 5LR - Image 5

Basement Flat, 7 Richmond Street, Herne Bay, Kent CT6 5LR

South East

£70,000

Listed on 15/06/2026

Property Details

Bedrooms
1
Type
Flat

Description

This one-bedroom basement flat offers a promising canvas for renovation. Located a short walk from the picturesque Herne Bay seafront, this property is ideal for investors or homebuyers looking to enhance its value through modernisation. The layout includes an entrance hall, a comfortable bedroom, a sitting/dining area, kitchen, and bathroom. Notably, there is access to a rear garden which adds to the outdoor appeal. The flat is conveniently positioned near local shops, cafes, and restaurants, with transport options easily accessible via Herne Bay railway station located approximately 0.6 miles away, connecting residents to London and beyond. This property presents an exciting opportunity for those looking to invest in a refurbishment project in the desirable South East region.

Investment Analysis

(CT6 area)
Area Average
£351/sq ft
Avg Rent (weekly)
£275
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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
8%
Properties sold annually

Local Market Trend (CT6)

Area prices are stable by -0.2% over the last 12 months
3 year growth: -4.3%
5 year growth: +3.6%
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

Basement Flat, 7 Richmond Street, Herne Bay, Kent CT6 5LR
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£264
Based on a loan of £52,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

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