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2 Bed Flat, Single Let, Chatham, ME4 4RS £245,000

Chatham Waters, South House, Gillingham Gate Road, Gillingham, ME4 4RS - 2 views - 8 months ago
  1. Deal Search
  2. Chatham
  3. ME4
  4. ME4 4RS
BTL
ROI: 6%
~68 m²

ValuationFair Value

This may not be accurate, please check manually.

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Links

  • More Deals in Chatham
  • More Deals in ME4
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  • More Single Let Deals in Chatham
  • More Single Let Deals in ME4

Property History

Listed for £245,000

March 21, 2025

Floor Plans

Description

  • EWS1 Approved +
  • Tenant in place +
  • 2 bedrooms +
  • Long lease +

4th Floor - Unit S4-10 - X1 Chatham Waters ! Do not miss out on this stunning and spacious 2 bedroom apartment with master en-suite and a fully equipped open plan kitchen!

Prime Buy-to-Let Investment – Tenanted 2-Bed Apartment with Scenic River Views.

X1 Sales & Lettings are delighted to offer this spacious and modern 2-bedroom apartment, an excellent turnkey investment opportunity with a tenant already in situ paying £1,475 per month.

This contemporary apartment boasts floor-to-ceiling windows that flood the open-plan living area with natural light, offering stunning scenic river views. The modern kitchen is well-equipped, making this an attractive home for tenants seeking both style and convenience.

Investment Highlights:
Monthly Rental Income: £1,475
Annual Rental Income: £17,700
Annual Costs:

Ground Rent: £512
Service Charge: £2,519
Lettings Management Fee: 9% + VAT
Gross Yield: 7.1% (Based on £245,000 asking price)
Net Yield: ~5.21% (after service charge, ground rent, and management fees)

Tenant Benefits & On-Site Amenities:
Beautifully landscaped communal garden
24-hour gym access

Close proximity to local supermarkets, transport links & entertainment
Prime Location:
44-minute train to London St Pancras
A short distance from Historic Rochester
1 mile from Gillingham Station
Nearby Dockside Shopping Centre, restaurants, and entertainment

Council Tax: Band D
EPC Rating: B

This is a fantastic hands-off investment in a high-demand rental area. Enquire today for more details or to arrange a viewing!

Contact X1 Sales & Lettings

Agent Details

X1 Sales & Lettings, Salford

0151 453 8069

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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Cashflows

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