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See how verdicts workProperty · ME7 5LH
For saleListed 48 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare and versatile opportunity combining a former doctor’s surgery with a spacious two/three-bedroom flat above, garage and rear garden, offering excellent potential for investors, developers or owner-occupiers.
Located on Canterbury Street, this substantial property offers a flexible layout with scope for a variety of potential uses.
The ground floor comprises a former doctor’s surgery arranged as a number of separate rooms, including a waiting/reception area, office space and several former consulting rooms.
The accommodation offers a practical and adaptable layout which may suit a range of commercial, professional or alternative uses.
On the first floor is a spacious two/three-bedroom flat with separate access. The accommodation is generous in size and offers excellent potential, although it would benefit from modernisation.
Both the ground and first floors have their own utility connections, providing added flexibility for future occupation or use.
Externally, the property benefits from a garage and a small garden area to the rear.
With its adaptable accommodation, separate residential space and further potential, the property represents an interesting opportunity for an owner-occupier, investor or developer.
Guide Price: £500,000 Prospective purchasers are advised to make their own enquiries with Medway Council regarding the existing use of the property, any proposed change of use, and any planning permissions or consents that may be required.
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
Agent & docs
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FAQ
About 511, Canterbury Street, Gillingham
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