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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 7 The Old Engineering Works, Herne Bay is a modern leasehold apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 7 The Old Engineering Works, Herne Bay is £154,359 and the estimated rental value is £804 per month.
The apartment is within The Old Engineering Works, Underdown Road, Herne Bay, CT6.
Underdown Road, Herne Bay, CT6 is located in the borough of Canterbury within the CT6 postal district.
7 The Old Engineering Works, Herne Bay has a single entry in the Land Registry from June 2021 and a single entry in the EPC database dated August 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 7 The Old Engineering Works, Herne Bay is in very good condition we estimate a sale value of £162,077 and a rental value of £844 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £143,554 and a rental value of £748 per month.
Over the last 12 months the sale value of 7 The Old Engineering Works Herne Bay has decreased by an estimated £5,671 (3.7%) and its rental value has increased by an estimated £21 per month (2.6%), giving an expected gross yield of 6.3%.
7 The Old Engineering Works, Herne Bay has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Aug 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 7 The Old Engineering Works, Herne Bay was last sold on 16th June 2021 for £180,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since June 2021, the market for similar properties has dropped 0.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7 The Old Engineering Works, Herne Bay within a radius of 360 metres over the last 2 years.
The most recent example is 10 Park Mews Apartments, Park Road, Herne Bay, CT6 5ST, a leasehold flat which sold for £180,000 on the 15th December 2023.
Read more about house prices in CT6.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Underdown Road, Herne Bay, CT6 has a total of 46 addresses. According to our analysis of all the public data, 7 The Old Engineering Works, Herne Bay is the 34th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £172k less expensive than the average property in CT6.
The closest station to 7 The Old Engineering Works, Herne Bay is Herne Bay station which is 1.0 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 7 The Old Engineering Works, Herne Bay, 48.1% of property is privately rented and 29.5% is privately owned with a mortgage.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 7 The Old Engineering Works, Herne Bay, 24.4% of residents are recorded as possessing school level qualifications and 24.5% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 7 The Old Engineering Works, Herne Bay, the average age was 43.6 and the most common age was 52.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 7 The Old Engineering Works, Herne Bay, 0.3% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 7 The Old Engineering Works, Herne Bay, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.
