Worst House on the Street Logo
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

£55,000Guide Price

Listed on 22/07/2026

Property details

Bedrooms
1
Type
Flat

Description

This one-bedroom flat, located a short walk from Herne Bay's seafront, presents a solid opportunity for those looking to invest in property. The unit is in need of modernisation, allowing potential buyers to enhance its value through thoughtful refurbishment. The layout includes an entrance hall, a bedroom, sitting/dining room, kitchen, and bathroom. Additionally, the flat features access to a rear garden, creating outdoor space that can be improved or landscaped according to personal taste. Convenience is key with this property, as it is situated close to local shops, cafés, and restaurants. Transport links are also favorable with Herne Bay railway station only about 0.6 miles away, providing easy connections to London and surrounding areas. This flat holds promise for developers and investors aiming to unlock its full potential through renovation.

Investment analysis

(CT6 area)
Area Average
£349/sq ft
Avg Rent (weekly)
£275
Avg Yield
3.9%

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
31
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (CT6)

Area prices are stable by -1.9% over the last 12 months
3 year growth: -6.7%
5 year growth: +0.9%
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
Loading map...

Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£208
Based on a loan of £41,250 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

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates