Summary - Ocean Drive, Gillingham ME7 1FW
1 bed 1 bath Apartment
Compact marina-view flat with parking and gym — strong rental yield potential..
- Top-floor apartment with marina/river views
- Undercroft parking space included
- Residents’ gym and lift access
- Water included in service charge
- Long lease ~985 years, low ground rent
- Small 355 sq ft; best for single occupancy
- High flood risk; insurance may be costly
- Located in a student-focused, higher-deprivation area
A compact, top-floor apartment with marina and river views, positioned in the popular Victory Pier development. The flat is chain-free, has undercroft parking and residents’ gym access, and benefits from water being included in the annual service charge. With a long lease (approx. 985 years) and modest ground rent, ownership costs are straightforward.
This property suits investors seeking a city-centre rental with an advertised yield around 8.4%, or first-time buyers wanting low-maintenance living. The open-plan layout and built-in appliances make the 355 sq ft space easy to let or occupy immediately. Local amenities include shops, cafés, supermarkets and good transport links, while several nearby schools have strong Ofsted ratings.
Buyers should note material drawbacks plainly: the property lies in a high flood-risk zone and the wider area is classified as a cosmopolitan student neighbourhood with higher deprivation metrics. The apartment is small, so it’s best for single occupancy or short-term lets rather than families. EPC rating is TBC and any buyer should confirm insurance and flood-related costs before committing.
Overall, this is a low-hassle, long-lease apartment offering attractive rental potential and sensible running costs, balanced by location-specific risks that affect insurance, safety measures and long-term appeal.
1 bedroom apartment for sale in The Peninsula, Pegasus Way, Gillingham, Kent, ME7 — £170,000 • 1 bed • 1 bath • 560 ft²
1 bedroom flat for sale in Ocean Drive, Gillingham, Kent, ME7 — £200,000 • 1 bed • 1 bath • 476 ft²
2 bedroom apartment for sale in Pearl Lane, Gillingham, ME7 — £225,000 • 2 bed • 2 bath • 732 ft²
2 bedroom apartment for sale in Pegasus Way, Gillingham, Kent, ME7 — £190,000 • 2 bed • 1 bath • 518 ft²
3 bedroom apartment for sale in Pegasus Way, Gillingham, ME7 — £300,000 • 3 bed • 2 bath • 815 ft²
1 bedroom flat for sale in Pegasus Way, Gillingham, Kent, ME7 — £220,000 • 1 bed • 1 bath • 520 ft²
