1-bedroom flat · ME15 6AD
For saleReduced £5k (−2.9%) on 29 JunListed 156 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Honeydell Estate Agents are delighted to present this well-presented one bedroom ground floor maisonette, situated in the sought-after residential location of Passmore Way.
Offered to the market with no onward chain, this property is ideal for first-time buyers, investors or those looking to downsize.
The accommodation comprises a spacious open plan living room/kitchen, providing a bright and versatile living space.
The kitchen has been thoughtfully designed with disabled access and usability in mind, offering practicality alongside modern styling.
The property further benefits from a generous double bedroom, an en-suite wet room and an additional separate cloakroom/WC, making the layout both convenient and functional.
Externally, the maisonette enjoys one allocated parking space and is positioned within a modern development close to local amenities, transport links and Maidstone town centre.
Lease Details Lease Length- 125 years from October 2004 Service Charge: £809.58pa Ground Rent: £150pa Passmore Way is conveniently located within easy reach of Maidstone West and Maidstone Barracks stations, offering excellent commuter links into London, whilst nearby shops, supermarkets and leisure facilities are all easily accessible.
Maidstone town centre is just a short drive away and offers an extensive range of retail, dining and entertainment options, including Fremlin Walk shopping centre, cafés, bars and restaurants.
The property also benefits from excellent road connections via the nearby M20 motorway, providing easy access to London, Ashford and the Kent coastline.
In addition, scenic riverside walks, parks and countryside surroundings can all be enjoyed close by, making this a highly convenient yet well-balanced location.
Early viewing is highly recommended to fully appreciate the space, accessibility and convenience this property has to offer.
Council Tax Band: B (Maidstone Borough Council ) Tenure: Leasehold (103 years) Ground Rent: £150 per year Service Charge: £809.58 per year
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 Passmore Way, Tovil, Maidstone
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