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See how verdicts work1-bedroom flat · CT6 5HQ
For saleListed 17 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within a modern purpose-built apartment block on the popular Steel Close development, this exceptionally well-presented and generously proportioned one-bedroom ground floor apartment enjoys a desirable corner position, allowing for additional windows and an abundance of natural light.
Offered with the significant benefit of no onward chain, a 995-year lease and an allocated parking space, this is an excellent opportunity for first-time buyers, downsizers or investors alike.
Built in 2021, the apartment forms part of a contemporary development and offers approximately 557 sq ft of well-designed accommodation.
Its corner position within the building is a particular advantage, with additional windows helping to create a wonderfully bright and airy atmosphere throughout.
The heart of the home is the impressive 22'3 open-plan kitchen/living room, providing a superb amount of space for both relaxing and entertaining.
The room is further enhanced by its large windows, which allow natural light to flood into the accommodation and create a real sense of openness.
The combination of the generous proportions, large windows and corner position gives this living space a noticeably brighter feel than many comparable apartments.
The contemporary kitchen is seamlessly incorporated into the room and provides a practical and sociable setting for everyday living, with a range of fitted units and integrated appliances.
There is ample space for comfortable seating and dining, making this an ideal environment for both relaxing at home and entertaining guests.
The bedroom is equally impressive in size, measuring approximately 14'1 x 10'4, and offers plenty of space for bedroom furniture while maintaining a comfortable and airy feel.
A modern bathroom completes the accommodation. The apartment is presented in very good condition throughout, allowing a prospective purchaser to move straight in and enjoy the home with minimal fuss.
Further benefits include an allocated parking space, valuable for both owner-occupiers and tenants, together with the convenience of ground-floor living.
The property also benefits from an exceptionally long 995-year lease, offering excellent long-term security.
Steel Close forms part of a modern residential development conveniently positioned for access to the amenities of Herne Bay.
The town centre offers a wide selection of shops, cafés, restaurants and everyday facilities, while the attractive seafront and promenade provide an excellent setting for walks, cycling and enjoying the coastal lifestyle.
Herne Bay railway station and the nearby A299/Thanet Way are also readily accessible, offering convenient transport links towards Canterbury, London and the wider Kent area.
Offered with no onward chain, this beautifully presented and particularly bright one-bedroom ground floor apartment combines approximately 557 sq ft of generously proportioned accommodation with a superb 22'3 open-plan living space, impressive large windows, a desirable corner position, allocated parking and an exceptional 995-year lease.
A fantastic opportunity to acquire a modern, low-maintenance home in a convenient Herne Bay location.
EPC Rating B Material Information Construction Type/Materials: To Follow Broadband Coverage: To check broadband and mobile phone coverage please visit Ofcom here: Identification Checks If an offer is accepted on a property marketed by Miles & Barr, all purchasers are required to complete id verification checks.
This is a legal obligation under Anti-Money Laundering Regulations. We use a specialist third-party company to carry out these checks.
The fee is £60 (including VAT) per person or £120 (including VAT) if purchasing under a company name, payable once the offer is agreed and before the sales memorandum is issued.
Please note that this charge is non-refundable. Location Herne Bay is a popular coastal town benefiting from a range of local amenities including retail outlets and educational facilities.
There are also a good range of leisure amenities including rowing, sailing and yacht clubs along with a swimming pool, theatre and cinema.
The mainline railway station (approximately 1 mile distant) offers fast and frequent links to London (Victoria approximately 85mins) as well as the high speed service to London (St Pancras approximately 87mins).
The town also offers excellent access to the A299 which gives access to the A2/ M2 motorway network.
The picturesque town of Whitstable is only 5 miles distant which also enjoys a variety of shopping, educational and leisure amenities including sailing, water sports and bird watching, as well as the seafood restaurants for which it has become renowned.
The City of Canterbury is approximately eight miles distant with its Cathedral, theatre and cultural amenities, as well as benefiting from excellent public and state schools.
The City also boasts the facilities of a major shopping centre enjoying a range of mainstream retail outlets as well as many individual shops.
Entrance Hall Kitchen/Reception Room (22' 3" x 11' 7") Bedroom (14' 1" x 10' 4") Bathroom External Allocated Parking
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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FAQ
About 5, Steel Close, Kent
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