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See how verdicts work1-bedroom flat · CT6 5LR
For saleListed 99 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by online auction on Tuesday 18th August To register for legal packs and bidding instructions please visit our website One bedroom flat in need of modernisation Situated just a short stroll from Herne Bay's seafront, this property presents an excellent opportunity for developers, investors, or owner-occupiers seeking to add value through refurbishment and improvement.
The accommodation comprises an entrance hall, a bedroom, a sitting/dining room, kitchen, and bathroom. To the rear, the property benefits from access to a garden.
Ideally located within easy reach of a range of local shops, cafés, and restaurants, the property also enjoys convenient transport links, with Herne Bay railway station approximately 0.6 miles away, offering regular services to London and surrounding areas.
Basement Flat Entrance hall, bedroom, sitting/dining room, kitchen, bathroom Outside Rear garden Tenure: See Legal Pack EPC Rating: E
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About Basement Flat, 7 Richmond Street, Herne Bay
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