3-bedroom flat · ME4 4SW
For saleListed 1310 days
Opportunity summary
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About
X1 Chatham Waters is an exciting new development commanding a beautiful waterfront setting in Medway, Kent a mere 36 minutes by train from London's Kings Cross.
Set on a harbor, these exclusive 1,2 and 3 bedroom apartments boast private balconies with stunning views across the quayside, are extremely spacious, and have a contemporary feel throughout.
The project is being built by the award winning developer X1 and is scheduled for completion in November 2020. Once completed investors can enjoy a 6% net return.
Crucial to this project is the fact that it forms an integral part of a wider £650m waterfront regeneration project being developed by Peel Group which will see the Chatham Docks area regenerated in to new retail, residential property, leisure facilities and also new transport links.
Chatham and the surrounding area is in itself one of the fastest growing London commuter belt towns and is currently undergoing a 20 year regeneration program of economic growth, new infrastructure and waterfront properties making the town one of the best prospects for capital growth in the UK.
Property prices in the area have risen over 240% in the past 20 years and are scheduled to rise by 25-30% over the next five years.
The population of Kent is also increasing with a forecasted 22.9% growth in the population by 2031.
Transport links to the area couldn't be better with a total journey time door to door from the project to London is just under an hour.
The developer has an exceptional track record with 27 completed developments, 9 projects currently under construction, 7 upcoming projects with over 7500 units sold.
This opportunity represents the perfect opportunity for investors wishing to capitalize on the expansion of the city of London.
What with covid-19 many residents are moving out of Central London due to not having to be in the office everyday.
With property prices in Chatham nearly a third of those in Central London, Chatham and surrounding areas are destined to benefit from an influx of city workers arriving at it's doorstep in search of more value for money.
Development Features: Mixture of 199 one, two and three bedroom apartments with stunning waterfront views Secure car parking State of the art gymnasium Concierge services Beautiful landscaped gardens Commercial units on ground floor Stunning wrap-around balconies on some apartments High spec and spacious apartments Investment Highlights: Prices starting from just £220,000 1,2 and 3 bedroom apartments Just 10% Deposit required, balance on completion Finance available House prices in Medway Kent have risen 54% between years leasehold Service charge £2/sq ft per annum 36 minutes by train from London 10 years full build warranty Award Winning Developer Stunning water views from many apartments
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
Agent & docs
FAQ
About Dock Head Road, Chatham
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