Pro Estates

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More about this property

Investment Opportunity

Three One Bedroom Individual Flats

Freehold Property in Gravesend

Guide Price: £395,000

Freehold

Investment Opportunity: Freehold Property in Gravesend
Guide Price: £395,000


This freehold property offers an exceptional investment opportunity, comprising three individual flats, all currently tenanted under Assured Shorthold Tenancies (ASTs). The combined monthly rental income for these flats is an attractive £2,750. Located within walking distance to Gravesend town centre and the train station, this property is ideally situated for tenants seeking convenience and connectivity.

Property Details:

Mid-Floor Flat

Type: 1 Bedroom Flat
Total Floor Area: 38 square metres
Key Feature: Middle flat includes access to a private garden, providing a unique selling point and added value for tenants.
Top-Floor Maisonette

Type: 1 Bedroom Maisonette
Total Floor Area: 52 square metres
Key Feature: Spacious layout with additional floor area, offering ample living space and privacy.
Basement Flat

Type: 1 Bedroom Flat
Total Floor Area: 33 square metres
Key Feature: Cosy and compact living space, ideal for single occupants or couples.
Location:
Situated in a prime location, this property is just a short walk from the heart of Gravesend town centre and its main train station. Tenants benefit from easy access to local amenities, shops, restaurants, and excellent transport links, making this property highly desirable and easy to let.

Investment Highlights:

Freehold Property: Complete ownership with no ground rent or service charges.
Tenanted Flats: All three flats are currently tenanted, providing immediate rental income.
High Yield Potential: Monthly rental income of £2,750, translating to a strong yield for investors.
Desirable Location: Proximity to town centre and train station enhances tenant appeal and reduces vacancy rates.

This property presents a rare opportunity to acquire a freehold investment with immediate rental returns and strong future potential. Contact us today to arrange a viewing and secure this outstanding investment opportunity.

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Floor Plan 1 Floor Plan 2 Floor Plan 3
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Stamp Duty for Milton Road, Gravesend, DA12

Stamp Duty Land Tax

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Total SDLT due

Below is a breakdown of how the total amount of SDLT was calculated

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Please note: This is for illustrative purposes only. The above calculator should not be relied upon when making financial decisions. Please seek advice from a specialist financial provider.

IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

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Refundable Holding deposit - Capped at 1 weeks rent

Security Deposit - Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent - The agreed monthly rent

Changes to tenancy - Capped at £50 inc VAT

Early termination charge - Not exceeding the landlord’s financial losses

Late payment of rent - Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys - Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc - Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme Membership details - The law requires your membership details

Property Redress Scheme Membership details - The law requires your membership details