Summary - 156C MILTON ROAD GRAVESEND DA12 2RG
1 bed 1 bath Flat
Town-centre one-bed with immediate rental income and a c.9% gross yield.
Top-floor one-bedroom flat above a convenience store, town centre location
Currently rented at £750 pcm — immediate rental income (tenant in situ)
Price £100,000 — gross yield about 9% based on current rent
Approx 463 sq ft; large lounge and separate fitted kitchen
Gas central heating; part double glazing installed
Lease ~75 years remaining — lenders may refuse mortgages
Solid-brick construction likely without cavity insulation
Area has very high crime and high deprivation — affects demand
A top-floor one-bedroom flat in the heart of Gravesend town centre, currently let at £750 pcm, offers a straightforward buy-to-let with immediate income. The property sits above a convenience store in a converted Victorian building, providing easy access to shops, transport links to London and local amenities.
Internally the flat has a large lounge, separate fitted kitchen, double bedroom and shower room. Gas central heating is installed and part double glazing is in place. At 463 sq ft the layout is practical for rental occupancy and a tenant is currently in situ, simplifying an investor handover.
Important practical considerations: the lease has around 75 years remaining — this may affect mortgage availability and re-sale value. The building has solid brick walls likely without insulation, and the area scores high for crime and deprivation; these factors will influence rents, insurance and tenant demand. Ground rent is small (£50) but buyers should confirm full lease details and lender acceptability before committing.
This opportunity suits an investor seeking an income-producing town-centre flat prepared to manage lease-length and location-related risks. There is modest scope to increase value with cosmetic improvements and energy-efficiency measures, subject to leaseholder and building constraints.
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