1-bedroom property · ME8 7XE
For saleListed 862 days
Opportunity summary
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About
Premier Houseboats are pleased to present Napia, a classic steel tugboat in excellent structural condition, recently retired from service due to engine issues.
Now available on a secure residential mooring, Napia represents a rare opportunity to create a spacious and distinctive floating home with panoramic views across the River Medway.
Currently, Napia retains much of her original working charm, with accommodation including a galley and dining area, wheelhouse, shower room and toilet, and three separate cabins.
These spaces remain in their functional, seagoing configuration, offering the option to live aboard immediately in a characterful, maritime setting - or to undertake a thoughtful refit to modernise the interior.
The engine room is exceptionally large and offers excellent headroom throughout.
Although the existing machinery is believed to be beyond economical repair, this opens an exciting opportunity: Removing the equipment would unlock a vast interior volume, ideal for transforming into an open-plan living area, studio, or additional cabins - while preserving the traditional external look of a working tug.
Externally, Napia offers ample outdoor deck space across two levels, perfect for enjoying the surrounding river views or entertaining in the warmer months.
Structurally, Napia is in excellent condition throughout, reflecting her robust commercial build and careful maintenance over the years.
With her strong steel hull and classic lines, she provides the perfect foundation for conversion into a spacious, stylish, and truly individual home afloat.
Set on a secure residential mooring with outstanding views over the River Medway, Napia benefits from a peaceful yet convenient setting.
Within walking distance, you’ll find a general store, restaurant/diner, and bus terminus linking to nearby towns.
The local area offers schools, shops, medical facilities, takeaways, and a leisure centre, making it ideal for full-time living.
For commuters, the A2/M2 provides easy access to London and the coast, while Strood Station offers a high-speed train service to London in around 40 minutes.
There are also numerous riverside walks and boating opportunities nearby.
Napia offers an incredible opportunity to create a unique, spacious, and characterful home, with the solid structure and classic style of a true working tug.
Whether enjoyed in her current configuration or fully converted into a contemporary living space, she represents exceptional value and creative potential on the water.
The houseboat is freehold and the residential mooring is leasehold. Vessel name: Rita Condition: Good Vessel type: Dutch Barge Constructed: 1925 Berths: 2 Cabins: 1 No.
Of engines: 1 Engine model: General Motors Fuel type: Diesel Length over all: 60' 6" Beam: 13' 4" Maximum draft: 3' 2" Hull material: Steel Hull type: Flat 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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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 Rita, Otterham Quay Lane, Gillingham
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