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See how verdicts work3-bedroom property · ME3 9TW
For saleReduced £15k (−25%) on 20 JunListed 958 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Premier Houseboats are pleased to present Sea Challenge II, a substantial former tug now available on a secure residential mooring, offering exceptional space and potential to create a distinctive and characterful floating home.
Originally in service until less than two years ago, Sea Challenge II is now available due to engine issues and provides an exciting opportunity for conversion into a large static houseboat.
Set across three levels, Sea Challenge II offers generous and versatile living space that could easily be reconfigured to create a truly unique home afloat.
The top-level wheelhouse would make a stunning saloon or day lounge, providing panoramic views and access to a small outside terrace - ideal for relaxing or entertaining.
The deck level currently houses a galley kitchen, seating area, shower, and toilet.
Below deck, there are three cabins - two with double berths and one with four single berths - all featuring built-in storage.
The engine room is substantial and, if the machinery were removed, could be transformed into a large open-plan living area or additional sleeping quarters.
While the engine will need to be removed or repaired, the generous hull and internal layout offer immense scope for redesign.
The deck space is equally impressive, providing ample room to enjoy the outdoors and your river surroundings.
Sea Challenge II could be lived on as is or gradually transformed into a spacious family home afloat, making her an ideal liveaboard project for those seeking both character and potential.
Located within walking distance of a general store, restaurant/diner, and bus terminus with links to nearby towns, this popular village location caters to all needs - including schools for all ages, doctors, dentist, chemist, shops, restaurants, takeaways, swimming pool, and leisure centre.
For commuters, the A2/M2 is less than ten minutes away, offering fast road access to both London and the coast, while Strood Station provides high-speed rail connections to London in around 40 minutes.
The area also benefits from proximity to the River Medway, with sailing facilities and picturesque countryside walks.
Sea Challenge II represents a fantastic opportunity to transform a well-built working tug into a unique and spacious floating home.
With ample living space, strong structure, and flexible layout, she could become a substantial family residence or one-of-a-kind houseboat with character and charm.
The tug is freehold and the residential mooring is leasehold.
Vessel name: Sea Challenge II Condition: Good Constructed: 1970 Berths: 8 Cabins: 3 Heads: 1 Length over all: 75' Beam: 20' Maximum draft: 6' 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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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
FAQ
About Sea Challenge II, Vicarage lane, Port Werburgh, Rochester
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