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See how verdicts work2-bedroom flat · ME1 3AT
Sold STCListed 72 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with no forward chain , this well presented, two bedroom ground floor apartment presents an purchase opportunity for first time buyers, downsizers and investors.
Ideally positioned within easy reach of Rochester town centre, the property also benefits from a recently extended lease with approximately 171 years remaining , providing long term peace of mind.
Occupying a position at the end of the block, the apartment enjoys a great setting close to local parks, a nature reserve, riverside and Rochester's mainline station, offering high-speed links to London and making it an ideal choice for commuters.
The accommodation is spacious comprising a bright and airy living/dining room with patio doors opening onto the communal gardens, allowing plenty of natural light to flood the space.
The separate kitchen is practical and over looks the front aspect. Both bedrooms are generous doubles, offering flexible accommodation.
A useful internal storage area with plumbing for a washing machine is conveniently located just outside the main living space, while an additional external storage cupboard providing further valuable storage.
Combining generous accommodation, excellent transport links and a highly convenient location, this attractive apartment is ready to move straight into or would make an ideal buy-to-let investment.
With its extended lease and no onward chain, early viewing is highly recommended.
Lease 171 years remaining - Title is currently being updated l Council Tax Band B l EPC C l Service Charge £1,190.98pa MHS Homes l Peppercorn Ground Rent l Leasehold restrictions apply.
Additional material information for buyers: The vendor has advised that there have been concerns raised regarding the management of communal areas of the development and we are advised that these are being addressed by the relevant parties.
Property information has been provided by the seller and should be confirmed by the buyer’s solicitor and surveyor. Fixtures, fittings and appliances have not been tested.
Buyers are advised to review all relevant legal and planning documents before exchange of contracts. EPC Rating: 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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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 Mercury Close, Rochester, Kent. ME1
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