Studio flat · ME5 7LA
Let agreedListed 28 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Reference: 3051824. Very well presented and private second floor studio flat close to shops and bus route, a short walk from town centre.
Offered with parking for one car and in good order throughout.
Before a viewing is granted you must answer the following questions:- Who will live at the property Why do you need to move What is your income - amounts and all sources Where is deposit and rent in advance coming from When are you free to move The accommodation comprises common entrance door to staircase to second floor landing with fire rated door to: Entrance hall with storage cupboard and doors to:- Studio room approx 14ft sq with two Upvc windows to front carpet and recently decorated, large storage heater Kitchen approx 7ft x 4ft with fitted units, Upvc window to side and vinyl flooring Shower room with Upvc window to side, newly fitted shower cubicle, basin and toilet, new vinyl flooring Viewings within 24 hours between 9 and 6 EPC rating D Council Tax rating A Pets accepted depending on type and size - will not be denied without consideration Benefits and council schemes accepted dependent on affordability and working homeowner guarantor only Let and managed by Medway Property Matters Company Registration 10547311 Successful applicants must undergo successfully passing references which includes affordability, landlord and employment references, You will be required to pay 1 month's rent in advance and the deposit after signing the tenancy and before being given the keys.
A holding fee of one weeks rent is also required if we accept you to take to reference.
Please note we do accept working homeowner Guarantors and prs schemes depending on affordability and guarantor being a working homeowner.
All our lets are on a rolling month by month tenancy as per renters reform bill which will revert all tenancies to periodic as from May 1st. We are however looking for long term tenants.
Priority will be given to those who can take the tenancy once referencing is complete and the property is ready for re-let.
We cannot hold the property - please only apply if you can take the tenancy within the timeframe, meet the affordability/ criteria, have no ccj's within the past 2 years ( satisfied or unsatisfied), not been bankrupt, and have the funds available to pay the deposit and rent in advance and ongoing.
Summary & Exclusions: - Rent Amount: £750.00 per month (£173.08 per week) - Deposit / Bond: £750.00 - 1 Bedrooms - 1 Bathrooms - Property comes unfurnished - Available to move in from 05 October 2026 - Maximum number of tenants is 2 - No Students - Smokers considered - Bills not included - Property has parking - No Garden Access - EPC Rating: D If calling, please quote reference: 3051824 Fees: You will not be charged any admin fees.
** Contact today to book a viewing and have the landlord show you round! ** Request Details form responded to 24/7, with phone bookings available 9am-9pm, 7 days a week.
OpenRent endeavours to make all property particulars as accurate and reliable as possible, however if you require any further clarification or information please contact us.
When applying for a tenancy using the Rent Now process, you will be required to pay one month's rent and any deposit before moving in.
This will be paid to OpenRent and released to the landlord once you have moved in. With OpenRent there are no administration fees to pay.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Dorsett Lodge, Nelson Terrace, Chatham
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