Kent Estate Agencies says ..

Property Oracle says ..

This property located on Ham Shades Lane in Tankerton, Whitstable, presents a unique opportunity with significant challenges. The listing describes it as a derelict detached house, double fronted, built in the early 1900s, sitting on a substantial plot of approximately 78ft x 195ft. The photographs showcase the property’s state of disrepair: significant overgrowth obscures the structure, and boarded-up windows indicate the property has been unoccupied for some time.

The location in Tankerton offers benefits: proximity to Whitstable’s amenities and the coastline. Several primary schools with good Ofsted ratings are within a reasonable distance, making it potentially attractive to families. Transport links via Southeastern trains are available, although the exact walking distance from the property is unclear.

The significant drawback is the condition of the house itself. The substantial renovation or rebuilding required will represent a significant cost factor. The sheer amount of land adds considerable potential for redevelopment. This land alone will be a key aspect of the property value and the potential returns for investment. The list price of £700,000 is certainly ambitious. The lack of precise details on square footage makes a comparative analysis of price per square foot challenging. However, judging by nearby property prices that vary significantly, it is likely that the price reflects more the potential value of the land and the permitted development possibilities than the value of the existing structure. A full structural survey and planning permission research would be crucial to ascertain the feasibility of various renovation or redevelopment options before committing to any purchase.

Overall, this property offers a high-risk, high-reward proposition. It is likely to appeal primarily to developers or buyers with significant resources and an interest in undertaking substantial renovation projects. The sheer scale of work required and the relatively high list price must be carefully considered alongside the potential benefits of a substantial plot in a desirable location.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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