Summary - Ground Floor Flat, 24, Church Street ME14 1EN
1 bed 1 bath Studio
Compact investment with private yard and immediate rental income.
Current rental income approximately £550pcm
Lease about 48 years — likely prevents most mortgages
Sold by auction; undisclosed reserve and buyer fees apply
Cash buyers required; reservation fee and completion timeline apply
Private enclosed rear garden; needs clearing and maintenance
Solid brick Victorian building; limited insulation likely
Electric room heaters and electric hob/oven; potential running costs
On-street permit parking; council tax described as very cheap
This ground-floor studio on Church Street offers immediate rental income and a private enclosed garden — a compact, central buy-to-let opportunity. It currently produces around £550pcm, making it attractive to cash investors seeking straightforward rental returns in Maidstone town centre.
Important considerations are clear: the lease has about 48 years remaining, which will restrict mortgage options and resale appeal. The property is sold at modern auction with undisclosed reserve, a non-refundable reservation fee, buyer fees, and completion typically required within 56 days; bidders must be cash-ready and complete due diligence.
The flat has basic electric heating, double glazing and an eat-in kitchenette; the building is solid-brick Victorian with period character but the exterior and small garden need maintenance. Energy efficiency and insulation are likely poor (solid walls, electric room heaters), so buyers should budget for heating and retrofit costs if seeking long-term tenant comfort or to improve value.
Location strengths include central town convenience, fast broadband and excellent mobile signal, nearby stations, shops and amenities. However, the area records very high crime and higher-than-average deprivation, factors to weigh for tenant demand and insurance costs.
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