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See how verdicts work1-bedroom flat · ME8 9HA
For saleReduced £10k (−7.1%) on 13 OctListed 408 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
If you’re looking for a home is a desirable location, this 1 bedroom first floor flat could be just the ticket.
It’s tucked away in an attractive cul de sac, conveniently situated between Parkwood and Wigmore.
In this location you’ve got shops, a doctor’s surgery, and everyday essentials practically on your doorstep.
Hempstead Valley Shopping Centre is only a short drive away, and getting into London or further afield is easy with Rainham train station, and motorway links close by.
The flat itself has a simple, yet practical layout that works really well. The main living space is open plan, giving you a lounge, dining area, and kitchen all in one.
An attractive bay window makes the room feel spacious and welcoming, it’s definitely the kind of space you’ll enjoy relaxing in.
The bedroom is a good space and features generous sized fitted wardrobes, and the while bathroom is perfectly functional, in modern terms it could perhaps benefit from a cosmetic update.
Having private parking is really important, and this flat comes with its own allocated space, in addition the road itself is without any restrictions, which is a real bonus when friends or family come to visit.
It’s also being sold with no chain, which makes the buying process much smoother. One very important factor to be aware of is the lease term, which currently has 65 years remaining.
So please note the guide price of £140,000 is for cash buyers with the lease remaining at 65 years.
That said the lease can be extended on completion, so if you require a mortgage, or want it as a cash buy with a new lease included, this is an option.
*Please note the cost of renewing the lease is quoted as being approx £20,000, so please be aware that if you require a mortgage to buy the flat this cost will simply need to be added to the price*.
All in all, this home is neat, convenient, and in a brilliant spot.
Ideal if you want a place that’s easy to look after and close to everything you need, and it's worth being aware that flats in this location are rarely available, so it is sure to attract keen interest.
For viewings quote ref MB1202 Leasehold details: 65 Years remaining on lease Ground rent £60 per year Service charge £868 per year
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 30, Findlay Close, Gillingham
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