Summary - Basement Flat, 87 Mortimer Street CT6 5PR
1 bed 1 bath Flat
Auction sale; short-lease investment or renovation opportunity near train and shops.
Lower-ground one-bedroom flat, approx 442 sq ft
A lower-ground one-bedroom flat in a central Herne Bay location, a short walk from the seafront and rail links. The property sits within a Georgian mid-terrace and offers compact living across about 442 sq ft with high ceilings to the front reception room and period character externally.
This unit is offered by Modern Auction, chain free, with a 59-year lease remaining. Buyers must factor in auction costs (non-refundable reservation fee and administration charges) and that some mortgage lenders may refuse finance because of the short lease. Ground rent is modest at £50.
Internally the flat has double glazing and electric-boiler heating but shows signs of wear and will suit a buyer willing to renovate or update. The location and low flood risk give lettings or weekend-retreat potential, but local crime levels and the wider area's economic indicators suggest lettings and management should be carefully considered.
Buyers should read the Buyer Information Pack, complete their own due diligence and check lease/finance viability before bidding. This is best suited to an investor or a buyer prepared to carry refurbishment and lease-extension work to unlock longer-term value.
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