7, Steel Close
7, Steel Close
Description & Estimates
7, Steel Close, Herne Bay is recorded publicly as a modern leasehold apartment across 721 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 7, Steel Close, Herne Bay is £214,309 and its rental estimate is £908 per month, given the available information and assuming reasonable condition.
Steel Close, Herne Bay, CT6 falls within the CT6 postal district, in the borough of Canterbury.
Our Data Sources
7, Steel Close, Herne Bay has a single entry in the Land Registry from October 2021 and a single entry in the EPC database dated October 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 7, Steel Close, Herne Bay, we estimate a market value of £225,025 and a rental value of £953 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £199,308 and £844 per month respectively.
Recent Market Change
Over the last year, 7, Steel Close, Herne Bay has seen its estimated sale value decrease by £7,874 (3.7%) and its estimated rental value grow by £24 per month (2.6%). This results in an estimated gross rental yield of 5.1%.
Energy Efficiency
7, Steel Close, Herne Bay has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 04 Oct 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 7, Steel Close, Herne Bay completed on 27th October 2021 at £239,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 27.4% over the period since October 2021.
- Sold Oct 2021£239,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 7, Steel Close, Herne Bay have sold within a radius of 800 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 6th December 2024, was 18, Steel Close, Herne Bay, CT6 5HQ, a leasehold flat which sold for £240,000.
Read more about house prices in CT6.
- Sold Dec 2024£240,000 | 2 Bed Flat18, Steel Close, Herne Bay, CT6 5HQ18, Steel Close, Herne Bay, CT6 5HQ
- Sold Nov 2021£245,000 | 2 Bed Flat21, Steel Close, Herne Bay, CT6 5HQ21, Steel Close, Herne Bay, CT6 5HQ
- Sold Oct 2021£240,000 | 2 Bed Flat14, Steel Close, Herne Bay, CT6 5HQ14, Steel Close, Herne Bay, CT6 5HQ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 32 addresses on Steel Close, Herne Bay, CT6, 7, Steel Close, Herne Bay comes out as the 18th largest and the 18th most expensive in our analysis of the public data.
It is also £112k less expensive than the average property across the CT6 district.
More reading links
Schools Nearby
- 1.1kmHerne Bay Infant School
- 1.2kmHerne Bay Junior School
- 1.2kmHerne Church of England Junior School
- 900mHerne Bay High School
- 5.3kmOrion Spires
- 6.0kmThe Whitstable School
More reading links
Public Transport Nearby
From 7, Steel Close, Herne Bay, the nearest station is Herne Bay, 800 metres away.
- 800mHerne Bay
- 3.9kmChestfield & Swalecliffe
- 6.3kmWhitstable
Risk of Flooding
The flood risk here is rated medium, based on Environment Agency data.
