The Oast House , Gas Street, Canterbury, CT1 2PR

This unique Grade II Listed Oast House presents a rare opportunity to acquire a property significantly below the local average price per square foot, with an asking price of £550,000 translating to just £80/sqf compared to the local average of £341/sqf. The potential for conversion into seven residential apartments, as indicated by the pending planning applications, adds considerable appeal for developers or investors looking to capitalize on the building's historical significance and unique architectural features.

While the property requires extensive refurbishment throughout, this presents a blank canvas for creative renovation. The living spaces and the exterior are in poor condition, but the opportunity to reconfigure the layout and restore the character of this distinctive building is a compelling draw. With an all-in budget of £725,000 versus an implied local average value of £2,347,427, the margin for value creation is substantial, making this a potentially rewarding project for the right buyer.