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 · ME4 3JN
Listing removedListed 302 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available chain free we are pleased to present this first floor one bedroom luxury apartment located on the waterfront, on one of the most sought after developments in the Medway towns.
You cant help but be impressed both with the location and the apartment, quite frankly put it doesn't get better than this.
The layout is quite unique well thought out and open plan feeling very spacious incorporating a kitchen, accessed from two sides, a dining area and lounge with access to the private balcony.
Double bedroom can be a loosely used term but not here, this bedroom is a large double which comes with built in wardrobes.
This exclusive apartment is completed by a modern three piece bathroom suite.
The parking on offer with this apartment includes a secure underground parking space and allocated parking by the entrance to the block. The building benefits from a lift.
For the morning coffee, the balcony from the kitchen/breakfast area is perfect for a lazy Sundays.
This superb location means you can have some wonderful riverside walks around St Mary's Island as well as access to Chatham Marina and The Dockyard.
Wider access to the Medway Towns, railway station and road links all help to explain why this area is so popular with commuters.
Right to Manage has been exercised by the leaseholders, with management undertaken by a local managing company.
Property Ownership Information Tenure Leasehold Council Tax Band C Annual Ground Rent £200.00 Ground Rent Review Period Every 25 years Annual Service Charge £2,000.00 Service Charge Review Period Every 1 year Lease End Date 01/01/2128 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer.
You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits.
Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
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
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FAQ
About 27, Phalarope Way, Chatham
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