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See how verdicts work2-bedroom flat · ME1 1FB
For saleReduced £5k (−2.6%) on 24 SepListed 146 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set on the popular Esplanade riverside development, within the pituresque town of Rochester, with its Castle, Cathedral, Historic High Street, local amenities and Mainline Railway Station to London and the coast, this very well presented purpose-built two-bedroom apartment would make the ideal first purchase or Buy-to-Let investment property.
Tenure: Leasehold - Lease Term: 125 years from 01/02/1997 (circa 96 years left), Ground Rent: £200 p/a, Service Charge: We have been advised by the seller that the current service charge is £1,729.97 per annum.
All information is to be verified by your solicitor.
Benefits include: One double bedroom and one single bedroom, a very good-sized living room with river view, fitted kitchen, hob and electric oven, modern bathroom with white suite, double glazing and gas fired central heating.
Externally the property benefits from an allocated parking space for two cars under the building, and use of the communal bike store and garden.
Entrance Hall Lounge (4.78m x 4.70m (15'8 x 15'5)) Kitchen (3.00m x 3.81m narrowing to 1.98m (9'10 x 12'6 narr) Bathroom (1.70m x 1.47m (5'7 x 4'10)) Bedroom One (3.68m x 2.69m (12'1 x 8'10)) Bedroom Two (2.74m x 1.98m (9'0 x 6'6)) Allocated Parking (12.90m x 2.34m (42'4 x 7'8)) Tenure: Leasehold Council Tax: Band C
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 28 The Mariners, Valetta Way, Rochester
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