We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · ME8 6LP
Sold STCListed 206 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a desirable and well-connected location, this beautifully presented & extremely spacious maisonette at St.
Peters House offers an excellent opportunity for investors with a potential yield of appx 7.5%, first-time buyers, or those looking to downsize.
The property boasts its own front door, an extremely generous and light-filled living room/dining area, providing the perfect setting for both relaxing and entertaining.
The modern-style kitchen is well-appointed and thoughtfully designed, with the added benefit of stunning estuary views.
The generous double bedroom also enjoys these impressive views, creating a calm and scenic retreat and scenic retreat.
A well-proportioned bathroom and large loft space, ideal for storage completes the internal accommodation.
Externally, the property benefits from an allocated parking space, along with the added convenience of visitor parking.
The property is leasehold with approximately 198 years and 11 months remaining, offering long-term security.
The service charge is approximately £300 per annum, with a ground rent of £200 per annum which has not changed for over a decade.
Ideally located, the property is within close proximity to a range of local shops, amenities, and reputable schools, making it a practical choice for a variety of buyers.
Excellent public transport links are also nearby, providing easy access to surrounding areas and beyond.
Lease - 198 years Service Charge - £300 PA Ground Rent - £200 PA Medway Council - Council Tax Band - B Energy Efficiency Rating - C
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
Agent & docs
FAQ
About Westerham Close, Gillingham, Kent
Explore nearby
