We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · CT6 5PJ
For saleListed 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An outstanding investment or development opportunity has arisen to purchase this spacious two-bedroom split-level apartment, ideally positioned in the heart of Herne Bay on the popular Mortimer Street.
Arranged thoughtfully over two floors, the property offers generous proportions and a highly versatile layout.
This property is offered at a competitive and realistically discounted asking price of £130,000 to reflect a short/low lease.
This represents an ideal purchase for cash buyers, seasoned investors looking for an excellent yield.
The first floor serves as the main hub of the home, centring around a remarkably large lounge that provides ample room for both a comfortable seating setup and a dining area.
Leading off the main living areas, you will find a functional kitchen with great scope for cosmetic modernisation, a generous double bedroom, and a family bathroom.
A staircase leads up to the second floor, which exclusively hosts a further substantial double bedroom. Location-is everything with this property.
Situated directly on Mortimer Street, you have independent shops, bustling cafes, and local amenities right on your doorstep.
Better yet, the apartment sits just a short, level stroll from Herne Bay's beautiful seafront and historic pier.
Excellent transport links, including regular bus routes and the Herne Bay mainline railway station, ensure effortless commuting across Kent and into London.
Value & comps
No previous sales on record.
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 asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
FAQ
About 29,First Floor Flat, Mortimer Street, Herne Bay
Explore nearby