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2 Bed Flat, Potential PLO/LOA, Chatham, ME4 3HD £140,000

62 Watersmeet, St. Marys Island, Chatham, Kent ME4 3HD - 11 days ago
  1. Deal Search
  2. Chatham
  3. ME4
  4. ME4 3HD
Leasehold
Auction
Negative Equity
ROI: 10%
60 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Property History

Listed for £140,000

-50%

November 25, 2025

Sold for £210,000

2006

Floor Plans

Description

  • Value add opportunity +
  • Two bedrooms +
  • Allocated parking space +
  • Walking distance from amenities +
  • Guide price: £140,000 +
  • For sale by online auction +
  • Unless previously sold or withdrawn prior +
  • Tuesday 9th December, 2025 +

FOR SALE BY ONLINE AUCTION ON TUESDAY 9TH DECEMBER 2025

TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

Two bedroom third floor apartment requiring refurbishment Situated on the newly completed St. Mary’s Island—formerly part of the Chatham Dockyard—this property presents an exceptional value-add opportunity for developers, investors, or owner-occupiers.

The accommodation comprises an open-plan living room and kitchen, two bedrooms (one benefiting from an en-suite), and a separate family bathroom. The property also includes an allocated parking space for added convenience. The lease length is 125 years from 1 December 2004, with a ground rent of £150 pa and a 6 monthly service charge of £1,532.44.

St. Mary’s Island offers a range of local amenities, including a primary school and a medical practice, along with scenic riverside walks and dedicated cycle paths. The Dockland Outlet Centre, located approximately a 20-minute walk away, features a supermarket and public house. Gillingham railway station is situated just 2.3 miles from the property, providing regular rail services into London.
Third Floor Flat Entrance hall, living room/kitchen, two bedrooms, ensuite shower room, bathroom
Outside Parking space
Council Tax D Tenure: Leasehold Lease Details: 125 years from 1 December 2004 EPC Rating: C Administration Fee: £1200 inc VAT payable on exchange of contracts. Buyer's Premium Fee: £1000 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Agent Details

Auction House, Kent

01622 584672

Next Steps?

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

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