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See how verdicts work2-bedroom flat · SP8 4LR
For saleReduced £35k (−25.9%) on 13 AugListed 363 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A generous ground floor, two bedroom apartment situated on the outskirts of Gillingham.
Entering the property through the communal corridor the apartment comprises of and entrance hall, living space, kitchen, family bathroom and two double bedrooms.
This is a fantastic investment opportunity offering an annual rental income £8,400 and a potential gross yield of 6.2% or ideal for first time buyers as the perfect starter home.
A generous ground floor, two bedroom apartment situated on the outskirts of Gillingham.
Entering the property through the communal corridor the apartment comprises of and entrance hall, living space, kitchen, family bathroom and two double bedrooms.
This is a fantastic investment opportunity offering an annual rental income £8,400 and a potential gross yield of 6.2% or ideal for first time buyers as the perfect starter home.
Communal stairwell Ground floor entrance to communal hallway and stairwell. Secure intercom entry system to Apartment 1.
Entrance hall Upon entering the property you are welcomed into a bright hallway that provides access to the living room, bathroom and both double bedrooms.
The hallway has neutrally decorated walls, grey carpet and has a storage cupboard. One radiator.
Living room 11' 5" x 15' 1" (3.5m x 4.6m) The living room has large floor to ceiling double glazed windows and ceiling spotlights which creates a light and bright space.
The room has neutral walls and grey carpet. One radiator. Kitchen 6' 6" x 7' 10" (2.0m x 2.4m) The light and bright kitchen benefits from ample countertop and cabinet space.
The kitchen has white cabinets with under cabinet lighting. There is an electric oven and hob and space for washer/dryer, washing machine and fridge/freezer.
Double glazed window to the rear of the property. Bedroom one 9' 2" x 11' 9" (2.8m x 3.6m) A spacious double bedroom with additional storage/ wardrobe space. Double glazed window.
Neutral walls and grey carpet. One radiator. Bedroom two 7' 10" x 6' 2" (2.4m x 1.9m) A generous single or cosy double bedroom currently being utilised as a storage room.
Double glazed window to the rear of the property and neutral walls and grey carpet. One radiator.
Bathroom 5' 2" x 10' 5" (1.6m x 3.2m) A modern family bathroom fitted with white w/c, basin and bathtub with fitted shower unit above. Blue tiled walls and vinyl flooring.
Textured double glazed window. Ceiling spotlights and a towel rail. Outside To the rear of the property is an enclosed car park with one allocated parking spot for apartment 1.
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
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FAQ
About 1, Nexus Apartments, Gillingham
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