1-bedroom flat · DA12 1PL
Sold STCListed 121 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
One Bedroom Independent Living Flat Offered for sale with no forward chain is this spacious, one bedroom second floor apartment in the sought after McCarthy & Stone built Nelson Court.
Offering independent living for over 60's there are many benefits to residents of Nelson Court including the Estate Manager and assistants who are on hand as well as emergency pull cords positioned in the apartment offering 24 hour cover.
There is also a residents lounge which is a great place to meet up and spend time with fellow residents. Included within the charges is a one hour domestic service.
The property itself is very well presented throughout and boasts a large bathroom with wet room area, modern kitchen, large lounge/diner and spacious double bedroom.
Nelson Court is situated in a popular residential location on the edge of Windmill Hill Conservation Area, close to Echo Square Shopping, mini supermarket and '84 Tea Rooms' good bus service to Gravesend town centre and railway station with services to London Charing Cross, Cannon St (fast train to London St.Pancras 26 mins) offering easy access to A2/M2 band M25 interchange, Bluewater shopping complex and Ebbsfleet international railway station.
We have been advised the following from the sellers: Lease Remaining:105 years Service Charge Approx.
£11,223.60 per year Ground rent £450 per year Entrance Hall Lounge/Diner: 25'1 x 10'8 Kitchen: 7'7 x 5'6 Bedroom: 19'9 x 10'1 Bathroom
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Flat 40 Flat 40, Glen View, Gravesend
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