1-bedroom flat · ME7 1GS
Listing removedListed 130 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary One bedroom apartment offers comfort & convenience. Bright living space with a private balcony which is located close to shops, amenities & Gillingham train station.
One Free Allocated Parking Space. Description This one bedroom apartment offers comfortable and convenient living space ideal for anyone seeking easy access to A2 & M2.
It features one bedroom with a bright living area which benefits a balcony, perfect for relaxing outdoors and enjoying the fresh air.
This apartment is close to Gillingham train station making weekend trips & getting to work hassle-free. There are also a variety of shops, cafes & restaurants within easy reach.
Pricing & affordability Full Market Value: £160,000 35% Share Price: £56,000 (rent £376.15pcm) Minimum 5% Mortgage Deposit (35% share): £3237.50 Approximate Service Charges: £194.76 Annual Ground rent: Tba To be eligible for shared ownership you would need to meet the following criteria: O Your household income does not exceed £80,000 o You have a deposit of at least 5% of the share value o You do not own another property or have your name on the deeds or a mortgage for a property worldwide o This will be your only residence o You are a permanent UK resident or have indefinite right to remain Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
Lounge 15' 11" x 11' 11" ( 4.85m x 3.63m ) Kitchen 8' 5" x 6' 7" ( 2.57m x 2.01m ) Bedroom One 12' 8" x 10' 8" ( 3.86m x 3.25m ) Bathroom We currently hold lease details as displayed above, should you require further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 28, Maritime House, Ocean Drive, Gillingham
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