1-bedroom flat · ME15 8ZD
Sold STCListed 70 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A nearly new and beautifully presented one bedroom top floor apartment situated in the desirable Parsonage Place development in Otham.
As you enter the property, you are welcomed into an entrance hall which leads through to a beautifully presented open-plan kitchen/living/dining area.
The contemporary kitchen is complete with integrated appliances, while the spacious living and dining area provides a versatile setting for both relaxing and entertaining.
French doors open to a juliet balcony with views over the green space, allowing plenty of natural light to flood the entire space and creating a bright and airy feel.
The apartment also offers a generously sized double bedroom alongside a contemporary bathroom.
Additional benefits benefits include an allocated parking space, close to the rear entrance, and a secure residents’ bike store, which is conveniently located for all residents within the development.
No forward chain. Tenure: Leasehold, 990 years remaining, annual service charge £1,450.44. 50% shared ownership: Rent £235.90pcm. Council Tax Band: B. EPC Rating: B.
*Some pictures have been virtually staged Location The award-winning Parsonage Place development in Otham is conveniently located near Downswood, which boasts a small selection of shops and is within walking distance of well-regarded local schools.
The charming village centre of Bearsted is also nearby, featuring a delightful green surrounded by historic buildings, sports and leisure clubs, pubs, cafes, restaurants, a parish church, and a London line train station.
The beautiful grounds of Mote Park are just a short walk away, and there is a regular bus service from Downswood to Maidstone town centre.
Accommodation Second Floor Entrance Hall Kitchen Sitting Area/Dining Area Bedroom Bathroom Residents Bike Store Viewings Strictly by arrangement with the Agent's Bearsted Office, 132 Ashford Road, Bearsted, Maidstone, Kent ME14 4LX .
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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
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FAQ
About Flat 4 Hyde Court, 47, St. Nicholas Way, Maidstone
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