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See how verdicts work1-bedroom house · DA12 2DG
For saleReduced £10k (−16.7%) on 20 OctListed 278 days
Opportunity summary
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About
£60,000-£75,000 Nestled in the charming area of Pilots Place, Gravesend, Kent, this delightful purpose built retirement property designed for the over 60's offers a perfect blend of comfort and convenience.
Located on the first floor, the property can be accessed by a lift or stairs and is designed with the needs of retirees in mind.
Accommodation includes a well-appointed open plan kitchen/living area, one double bedroom and a a bathroom.
The location in Gravesend is particularly appealing, offering a range of local amenities, including shops, parks, and transport links, making it easy to explore the beautiful surroundings.
Whether you are looking to downsize or seeking an environment to enjoy your golden years, this retirement property at Pilots Place is an excellent choice.
With its inviting atmosphere and practical layout, it promises a comfortable and enjoyable living experience. Do not miss the opportunity to make this lovely property your new home.
Description: £60,000-£75,000 If you are planning your retirement then take a look at this purpose built retirement apartment, situated on a small friendly, development designed specifically for independent living for the over 60s.
Benefits include communal lounge, where you can socialise with your neighbours, and various functions take place, a courtyard style communal garden giving that important outside space, and a guest room which we understand can be booked in advance if you have visitors staying over.
We are advised by the residents that this is a well run development and offers value for money.
The flat itself is accessed by a lift or stairs, and is situated on the first floor giving that added security.
Comprising hall, lounge/diner opening into a modern fitted kitchen including built in oven & hob, one double bedroom with built in wardrobe and a shower room.
The property is heated by night storage heating and the windows are double glazed. Offering immediate vacant possession meaning no onward chain complications. No pets allowed.
Location: Pilots Place is situated off Bentley Street in a quiet area of Gravesend Town Centre and within easy access of the mainline railway station which offers services to London and the Kent Coast including a high speed train to St Pancras, London or Ebbsfleet International railway Station offers a high speed service to London in just nineteen minutes.
Gravesend's famous Fort Gardens and General Gordon Promenade, alongside the Thames leisure area, are close by.
If you fancy a some retail therapy then Bluewater shopping complex is a bus or car ride away where there is also a choice of café bars and restaurants.
The A2 M2 M20 Motorway links are easily accessible for those that drive. Communal Entrance: The property is approached by security doors with external entry phone system.
Access to communal lounge and communal gardens. Lift or stairs leading to first floor. Hall: Entrance door, parquet flooring, emergency pull cord connecting to warden, built in cupboard.
Living Room: (4.39m x 3.38m (14'5" x 11'1)) Two double glazed windows to front, parquet floor, storage heater, open to: Kitchen: (2.51m x 2.36m (8'3" x 7'9" )) Tiled floor, fitted with wall and base cupboards, ceramic electric hob, built in oven, stainless steel sink and drainer, plumbed for washing machine, space for fridge/freezer.
Bedroom: (4.39m x 3.02m (14'5" x 9'11)) Double glazed window to front, carpet, built in wardrobe, night storage heater.
Shower Room: (2.16m x 2.03m (7'1 x 6'8")) Shower cubicle, w.c., wash basin, built in airing cupboard, Dimplex electric wall heater.
Communal Gardens: There a well maintained, courtyard style secluded garden to the rear.
Communal Lounge: This is where you can get together with your neighbours and socialise to a cup of coffee and where various activities and functions take place.
There is a communal kitchen area and W.C. Leasehold: We understand the initial length of the lease was 99 years 29/09/1987 with approximately 63 years remaining. Ends 29/09/2086 Service Charge: £3594.
Ground Rent: £1 per year Management Company: Rlha Services: Electric, Mains Drainage. Council Tax: Gravesham Borough Council Council Tax Band: B - £1,701.71 2024/2025
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.
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FAQ
About 10, Pilots Place, Gravesend
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