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See how verdicts work3-bedroom property · ME3 9TW
For saleReduced £18k (−23.1%) on 20 JunListed 959 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Premier Houseboats are delighted to present bp-3, one of the iconic bp tugs, now available on a secure residential mooring and offering exceptional potential for conversion into a spacious and characterful floating home.
Originally a working vessel, bp-3 was retired from commercial service due to electrical issues that were uneconomical to repair for operational use.
This provides a rare opportunity to create a large-scale conversion project, transforming a piece of maritime history into a unique and impressive houseboat.
Accommodation is arranged over three levels, offering remarkable space and flexibility for redesign.
The wheelhouse could become a stunning saloon or lounge area, providing panoramic views across the water.
Below, there is a galley/mess area, shower room, toilet, and three separate cabins, all ready for renovation or reconfiguration.
Should you choose to remove the engine and machinery, the resulting internal volume would provide a vast, open-plan living area - ideal for creating a truly distinctive home afloat.
Externally, bp-3 benefits from a wide beam (30 feet), offering outstanding deck space - perfect for outdoor seating, entertaining, or enjoying life on the water.
Structurally impressive, this vessel provides a solid base for a creative conversion, whether you envision an industrial-chic home or a stylish modern residence.
Situated in a popular and well-connected village, amenities are just a short walk away, including a general store, restaurant/diner, and bus terminus with links to neighbouring areas.
The community also offers: Schools for all ages Doctors, dentist, chemist, shops, restaurants, and takeaways Swimming pool and leisure centre For commuters, the A2/M2 provides quick access to London or the Kent coast, while Strood station offers high-speed rail links to London in around 40 minutes.
The nearby River Medway also offers sailing facilities and scenic countryside walks.
Bp-3 represents an exciting opportunity to design and build a one-of-a-kind floating home, combining maritime heritage with modern living.
With its exceptional dimensions and solid structure, this vessel offers huge potential for anyone seeking a creative residential project or spacious liveaboard.
The tug is freehold and the residential mooring is leasehold.
Vessel name: Good Constructed: 1977 Length over all: 93' Beam: 30' Maximum draft: 12' Hull material: Steel Hull type: Other Disclaimer Premier Houseboats offers the details of this advert in good faith as it was presented by the seller or his representative but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the described item within this advert.
A buyer should instruct his agents, or his surveyors, to check such details as the buyer desires validated.
The Item described within this advert is offered subject to prior sale, price change, or withdrawal without notice.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 BP-3, Vicarage Lane, Port Werburgh, Rochester
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