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See how verdicts work1-bedroom property · ME3 9TW
For saleListed 2817 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Premier Houseboats are pleased to present River Oak, a spacious one-bedroom houseboat currently undergoing refurbishment, now available due to a change in the owner’s circumstances.
Originally purchased as a disused and dated vessel, River Oak has been completely gutted, reinsulated, rewired, and part-plumbed, providing an excellent foundation for completion into a comfortable and stylish home afloat.
The layout has been carefully planned to maximise light and living space, with internal partitions already in place to create: A large double bedroom An open-plan kitchen and lounge A shower room These partitions are ready to be boarded out, allowing a new owner to finish the project to their own taste and style.
Full insulation throughout Complete rewire (240V and 12V systems) Partial plumbing installed New gas combi boiler already fitted Shower, hand basin, toilet, and macerator unit boxed and ready to install Radiator pipework already on board Four new front windows and one side window due to be fitted by the current owner Some welding required along the waterline (vessel currently out of the water to facilitate this) Interior boarding, plumbing, and finishes needed to complete the fit-out Once finished, River Oak will make a bright and spacious home, with estimated completion costs between £15,000 and £20,000, depending on materials and finish.
Her size ensures affordable ongoing running costs-including mooring fees and heating-without compromising on generous living space.
Situated on a secure residential mooring in a popular village location, River Oak offers the perfect balance of tranquillity and convenience.
Within walking distance you’ll find: A general store, restaurant/diner, and local shops Bus terminus with routes to neighbouring areas Schools for all ages, doctors, dentist, chemist, and leisure centre For commuters, the A2/M2 is less than ten minutes away, offering easy access to London or the Kent coast.
Strood station provides a high-speed rail link to London in around 40 minutes. The area also offers riverside walks, open countryside, and sailing facilities along the River Medway.
River Oak offers an excellent opportunity to acquire a well-sized houseboat at a sensible price, with much of the essential groundwork already completed.
Once finished, she will provide a comfortable, light-filled home on a secure and peaceful residential mooring, perfect for full-time living or a creative renovation project.
The houseboat is freehold and the residential mooring is leasehold Vessel name: River Oak Vessel condition: Fair Year constructed: 1930 Year refitted: 2018 Berths: 2 Cabins: 1 Heads: 1 Length over all: 50' Beam: 11' Maximum draft: 1'4'' Hull material: Steel Hull type: Flat Hull colour: Black Disclaimer Premier Houseboats offers the details of this advert in good faith as it was presented by the seller or his representative but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the described item within this advert.
A buyer should instruct his agents, or his surveyors, to check such details as the buyer desires validated.
The Item described within this advert is offered subject to prior sale, price change, or withdrawal without notice.
Value & comps
No previous sales on record.
Returns
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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 River Oak, Vicarage Lane, Port Werburgh, Hoo, Rochester
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