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See how verdicts work1-bedroom house · ME2 2AG
Listing removedListed 153 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Premier Houseboats are pleased to present Odean, a substantial static houseboat offering an exciting opportunity to create a spacious and characterful floating home within a secure residential setting.
Requiring refurbishment throughout, Odean presents enormous potential for redevelopment while remaining liveable during renovation works.
Rarely available with both a private garden area and storage shed, this is an ideal project for buyers looking to create a bespoke waterside property tailored to their own style and requirements.
The current accommodation comprises a spacious lounge, kitchen, shower room and double bedroom.
Although dated, the accommodation remains functional and has served the previous owner comfortably for many years.
Externally, the vessel benefits from a sizeable, decked area ideal for relaxing outdoors, together with a separate garden area and shed, providing additional outside space rarely found with houseboats of this type.
Odean offers several exciting development possibilities, including refurbishing and modernising the existing accommodation, replacing the upper structure with a more contemporary build, or potentially creating a larger two-level floating home subject to the necessary works.
Situated within a secure community close to the centres of both Strood and Rochester, the vessel benefits from nearby amenities, parking close to the mooring and attractive waterside surroundings.
Odean represents a rare opportunity to acquire a generously proportioned houseboat project with outstanding potential in a convenient and secure residential location.
With outside space, redevelopment possibilities and a highly attractive price point, this could become a truly unique and affordable floating home. Early viewing is highly recommended.
Vessel Name: Odean Condition: Fair Constructed: 1940 Berths: 2 Cabins: 1 Heads: 1 Length Overall: 50 ft Beam: 25 ft Maximum Draft: 3 ft Hull Material: Steel Hull Type: Flat The houseboat is freehold and the residential mooring is lease hold.
Mooring Fees: £275 pcm
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 Odean, Knight Road, Rochester
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