Summary - Pegasus Way, Gillingham ME7 1GD
2 bed 1 bath Apartment
Modern 2-bed seventh-floor apartment with balcony, parking and long lease.
Seventh-floor apartment with marina and river views
A modern two-bedroom apartment on Pegasus Way with broad marina and river views from a seventh-floor balcony. Built in 2017, this well-lit apartment sits within a multi-tower waterfront development and offers contemporary open-plan living, lift access and allocated off-street parking. The long lease (982 years remaining) provides ownership security and makes the property straightforward to mortgage or rent out.
Practical running costs include an annual service charge of £3,616 and ground rent of £300 per year; these are material for budgeting and for buy-to-let yield calculations. The property has no private garden — outdoor space is a balcony only — and is located in an area classified as deprived, which will influence long-term capital growth expectations compared with more affluent locations.
There is a medium flood risk for the area, and broadband speeds are average; both are important for buyers seeking a permanent residence or a holiday-let. The apartment’s waterside location, nearby amenities and good transport links make it especially appealing to investors or commuters seeking a modern, low-maintenance riverside home.
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