2-bedroom flat · ME19 5GB
For saleReduced £5k (−2%) on 17 SepListed 109 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Stunning modern two double bedroom second floor apartment located on the ever so popular Malpass Drive.
The master bedroom comes with an ensuite shower room and second with built in storage. Both rooms are spacious and neutrally decorated.
This apartment has open plan living, with the kitchen benefiting from plenty of storage and integral appliances, including dishwasher, washing machine, fridge/freezer, oven and hob.
The lounge is a good sized area and has a beautiful Juliette Balcony. The family bathroom is spacious. There are two storage cupboards offering plenty of additional storage space.
Allocated off road parking and intercom entry for safety. Malpass Close is situated in Leybourne, which is located less than 10 miles away from Maidstone Town Centre.
You will find two main shopping centres, The Mall and Fremlin Walk.
Other developments include the riverside Lockmeadow Centre, which includes a multiplex cinema, bowling alley and restaurants as well as the town's market.
The town centre also includes a number of pus, clubs and resaurants. Situated close to the train station which is the line that runs between Strood and Paddock Wood.
Within Maidstone, there is 3 train stations which are Maidstone West, Maidstone Barracks and Maidstone East. The Maidstone East line runs between Ashford and London Victoria.
Available - End of March 2024 EPC Rating - B Council Tax Band - C (Tonbridge & West Malling Council) Deposit - £1,471.15 Holding Deposit - £294.23
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.
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About Flat 3, 11 Malpass Drive, West Malling
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