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See how verdicts work1-bedroom flat · ME15 8XJ
Listing removedReduced £5k (−2.8%) on 20 JunListed 219 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to acquire this light and airy first-floor maisonette, built by Wimpey Homes in 1980.
Occupying an elevated position on the edge of this sought-after development, the property is ideally located for excellent local amenities and is adjacent to open countryside, enjoying far-reaching views over Bearsted and the North Downs.
The accommodation is arranged predominantly over one floor and benefits from double glazing and electric heating.
The property is offered with the balance of a 999-year lease, with approximately 953 years remaining, a peppercorn ground rent, and no service charge.
With an anticipated rental income of £895 per calendar month, the property offers an attractive gross yield in excess of 6%.
Offered with no forward chain, this is an ideal purchase for first-time buyers or investors alike. On The Ground Floor Entrance Canopy Quarry-tiled flooring, bin storage area, and service meter.
Entrance Hall Composite entrance door with decorative fanlight and brass fittings, and staircase to the first floor.
First Floor Landing Access to roof space, built-in storage cupboard with hanging rail, and airing cupboard housing the water cylinder Living Room (14' 10'' x 13' 8'' (4.52m x 4.16m)) Two front-facing windows offering beautiful distant views over Bearsted and the North Downs, with an electric panel heater.
Kitchen (10' 0'' x 6' 0'' (3.05m x 1.83m)) A range of high and low-level units with work surfaces, stainless steel sink with mixer tap and drainer, electric four-burner hob with extractor hood above and oven below, plumbing for a washing machine, space for a fridge freezer, tiled splashbacks, vinyl flooring, rear-facing window, and fan heater.
Bedroom (11' 0'' x 8' 10'' (3.35m x 2.69m)) Built-in wardrobes with sliding mirrored doors, rear-facing window, and electric panel heater. Outside One allocated parking space to the rear.
Please note, there is no garden.
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 42, Murrain Drive, MAIDSTONE
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