Wilbee & Son says ..
.... .SUBSTANTIAL TOWN CENTRE FREEHOLD DEVELOPMENT SITE FOR SALE....... LOCATED JUST OFF THE SEA FRONT ,HIGH STREET AND SHOPPING PRECINCT . .. ALL RELATED COSTS TO BE BOURNE BY THE PURCHASER ... PROOF OF FUNDS MUST BE PRODUCED TO SECURE ANY PURCHASE . THE SITE IS CURRENTLY A FULLY OPERATIONA...
Property Oracle says ..
This property listing presents a development opportunity in Herne Bay, Kent. The images show a sizeable vacant lot, currently functioning as an open-air car park, situated on William Street. The location offers proximity to the town centre, Herne Bay train station, and several schools, suggesting potential appeal for residential development. The site’s condition shows wear and tear, with some graffiti present on nearby walls. The presence of graffiti, and the general undeveloped appearance, suggest a need for investment to upgrade the area. There is no garden or landscaping. The listing price of £1,000,000 is substantial for a vacant lot, but potentially justified by its size and location, particularly considering similar land prices listed nearby. Further due diligence and feasibility studies would be necessary to determine the suitability for specific development projects. The listing highlights high potential, but prospective buyers must factor in preparation, planning, and construction costs before purchasing this site.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 4
- Location
- 7
- Land
- 6
- Bedrooms
- 0
- Bathrooms
- 0
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 316,612.00 £Decreased by 3.71 %
- Average area rental value
- 1,188.00 £/moIncreased by 4.39 %
- Est rental Yield
- 4.50 %Increased by 8.43 %
- Crime Rate
- 38.00 %Unchanged by 0.00 %
Agent Activity
Wilbee & Son marked this listing as sold.
Wilbee & Son created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Herne Bay Junior School | Foundation School | Good | 0.45 KM |
| The Poppy Children'S Centre | Children's Centre | 0.49 KM | |
| Herne Bay Infant School | Community School | Good | 0.50 KM |
| Fairlight Glen Independent Special School | Other Independent Special School | Good | 1.10 KM |
| Herne Bay High School | Academy Converter | Good | 2.14 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Prospect Hill | £ 662,500 | 0 | 0.00 KM |
| Queen Street | £ 0 | 0 | 0.00 KM |
| North Street | £ 0 | 0 | 0.00 KM |
| Richmond Mews | £ 240,000 | 0 | 0.00 KM |
| Spenser Road | £ 295,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Herne Bay | 5174 | HNB | 1.49 KM |
| Chestfield And Swalecliffe | 5200 | CSW | 6.95 KM |
| Sturry | 5029 | STU | 7.98 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| William Street, Herne Bay | £ 425,000 | BUY | 7 / 10 | 0.00 KM |
| William Street, Herne Bay | £ 510,000 | BUY | 6 / 10 | 0.00 KM |
| 5 Haddington Court, 10 William Street, Herne Bay | £ 395,000 | BUY | 6 / 10 | 0.00 KM |
| 11 Haddington Court, 10 William Street, Herne Bay | £ 420,000 | BUY | 6 / 10 | 0.00 KM |
| William Street, Herne Bay | £ 500,000 | BUY | Unknown | 0.01 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 13 William Street | £ 230,000 | 0.03 KM |
| 7b William Street | £ 36,500 | 0.03 KM |
| 30a William Street | £ 79,500 | 0.04 KM |
| 63a Central Parade | £ 114,000 | 0.11 KM |
| 67 Mortimer Street | £ 75,000 | 0.11 KM |