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High Street, New Romney TN28

South East

£200,000

Listed on 27/06/2026

Property details

Bedrooms
1
Type
Land
Area
1001 sqft

Description

This property presents a compelling opportunity for developers and investors in the heart of New Romney, just a short stroll from the vibrant High Street. Planning permission has already been granted for the construction of two three-bedroom semi-detached homes, each approximately 93 square meters, located conveniently behind the Costa Coffee outlet. This development potential is increasingly rare in such a central location, making it an attractive prospect for those looking to capitalize on the growing demand for residential housing in this area. The site benefits from easy access to local shops, eateries, and essential services, positioning it well for modern living. New Romney, with its expanding amenities and strong transport links, offers an ideal backdrop for this project. Interested parties can find further planning details on the Folkestone & Hythe District Council’s website under reference 26/0035/fh.

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Investment analysis

(TN28 area)

Below Market Value

This property is priced -39.6% below area average per sq ft

-39.6%
Potential saving
This Property
£200/sq ft
Area Average
£331/sq ft
Avg Rent (weekly)
£349
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £300,000
Target Value
£364,079
10% above area average per sq ft
Potential ROI
-27.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TN28)

Area prices are rising by +5.2% over the last 12 months
3 year growth: -2.3%
5 year growth: +3.6%
Investment Disclaimer: Analysis based on TN28 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

High Street, New Romney TN28
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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
£756
Based on a loan of £150,000 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

This calculation uses non-residential (land/commercial) tax rates.

Next Steps

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