We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom flat · ME12 2PA
Sold STCListed 11 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
End-terraced freehold investment – three self-contained 1-bed flats A solid investment opportunity comprising a freehold block of three purpose-built, self-contained one-bedroom flats, each arranged with a bedroom, shower room and open-plan lounge/kitchen.
All units benefit from double glazing and electric storage heating. Each flat is currently let on Assured Shorthold Tenancies at £700 pcm, producing a combined gross income of £25,200 per annum.
At a guide price of £230,000, the block returns an attractive gross yield of 10.96%.
Outside, the property enjoys an enclosed communal rear garden, offering scope for improvement and added value with a little tlc. Call Mark at the office for further information.
Flat 1 Entrance Hall Carpet, storage heater, door to... Bedroom (10' 6'' x 7' 9'' (3.20m x 2.36m)) Carpet, double glazed window, power points.
Shower Room Shower cubicle with electric shower, low level WC, pedestal wash hand basin, extractor fan.
Lounge/Kitchen (14' 6'' x 13' 6'' (4.42m x 4.11m)) Carpeted lounge area, double glazed window, storage heater, kitchen area with wall and floor cabinets, stainless steel sink unit, space and plumbing for washing machine, built in oven and hob, airing cupboard with tank, power points.
Flat 2 Entrance Hall Carpet, storage heater, door to... Bedroom (10' 6'' x 7' 9'' (3.20m x 2.36m)) Carpet, double glazed window, power points.
Shower Room Shower cubicle with electric shower, low level WC, pedestal wash hand basin, extractor fan.
Lounge/Kitchen (14' 6'' x 13' 6'' (4.42m x 4.11m)) Carpeted lounge area, double glazed window, storage heater, kitchen area with wall and floor cabinets, stainless steel sink unit, space and plumbing for washing machine, built in oven and hob, airing cupboard with tank, power points.
Flat 3 Entrance Hall Carpet, storage heater, radiator panel. Bedroom (10' 6'' x 7' 9'' (3.20m x 2.36m)) Carpet, double glazed window, power points.
Shower Room Shower cubicle with electric shower, low level WC, pedestal wash hand basin, extractor fan.
Lounge/Kitchen (14' 6'' x 13' 6'' (4.42m x 4.11m)) Carpeted lounge area, double glazed window, storage heater, kitchen area with wall and floor cabinets, stainless steel sink unit, space and plumbing for washing machine, built in oven and hob, airing cupboard with tank, power points.
Outside Enclosed communal garden to rear.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
FAQ
About Alma Road, Sheerness
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