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Huge 35% price cut for Whitstable beach one-bed that was valued at £1m

By: Phil Hayes phayes@thekmgroup.co.uk

Published: 19:02, 31 August 2024

The eye-watering asking price for a one-bedroom property put on the market for £1 million has now been slashed by 35%.

KentOnline readers were shocked when we revealed the seven-figure sum being demanded for the snug detached house right on the beachfront in Whitstable.

The property on Whitstable seafront is now £350,000 cheaper than in July. Picture: Miles and Barr

The Island Wall home, which is a stone’s throw from the sea and the popular Old Neptune pub, can now be snapped up for £650,000.

According to Zoopla, the price was cut by more than a third earlier this month - but it remains the most expensive one-bed in the county.

Reacting to its original valuation, one reader said: “Some people have got more money than good sense.”

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Another commented: “And people wonder why many locals despair. Londoners just push the prices of everything up. Disgusting.”

KentOnline has previously reported how some residents feel “priced out”, following a huge rise in £1 million home sales in the county since the first Covid lockdown.

It's just a short stroll along the beach to the much-loved Shepherd Neame pub, Old Nepture. Picture: Miles and Barr

Properties on the coast are particularly in demand.

The penthouse at the new Shoreline Crescent development on Folkestone beach is currently being marketed for £2.8 million by Mayfair-based estate agents - making it the most expensive two-bed property for sale in the country, outside of London.

Meanwhile, a penthouse apartment in Seabrook, near Hythe, sold for almost £2 million earlier this year.

The garden overlooks the coast, but there are also plenty of sheltered spots where you can hide from passers-by. Picture: Miles and Barr
The one bedroom is snug, but it's the outdoor space that really sells this house. Picture: Miles and Barr
The open-plan kitchen, dining room and lounge are light and airy thanks to the double doors leading out to the garden. Picture: Miles and Barr
The property is a blend of beach hut and contemporary design. Picture: Miles and Barr

Location is clearly a key selling point - especially with the Whitstable one-bed, which is being marketed by Miles & Barr.

The property has fantastic views of the coast from the garden and dining room.

It’s also a two-minute walk from the high street with its many shops, bars and restaurants.

Whitstable is also one of Kent’s best-loved commuter towns, giving city workers a taste of the seaside while being less than 90 minutes from London on the train.

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