Summary - 122A LUTON ROAD CHATHAM ME4 5AD
1 bed 1 bath Flat
Low-priced, chain-free one-bed — cash buyers or lease-extension specialists only..
Chain-free one-bedroom flat in Victorian mid-terrace
Allocated off-street parking at rear
Short lease: 61 years remaining — lender refusal possible
Asking price £80,000 — cash buyers only advised
Modern bathroom; functional but small kitchen requiring updating
Double glazing; mains gas heating via boiler and radiators
No flood risk; fast broadband and excellent mobile signal
High local crime and very deprived area — affects resale/rental
A compact one-bedroom leasehold flat in central Chatham, offered chain-free and presented in good decorative order. The flat sits within a Victorian mid-terrace conversion and benefits from a separate kitchen, modern bathroom, double glazing and an allocated off-street parking space to the rear. Broadband and mobile signal are strong, and the location is a 20-minute walk from Chatham train station with direct commuter services to London.
This is a clear-value opportunity for a cash buyer or a cash-ready investor. The property is marketed at a low price point and is suited to single occupants, couples or renters working locally or commuting. Proximity to Medway Maritime Hospital and local shops increases rental appeal.
Important cautions: the flat is leasehold with 61 years remaining and a small ground rent of £75. Many mortgage lenders set minimum remaining-lease thresholds and could refuse lending; this is effectively a cash-purchase prospect unless a buyer arranges a specialist lender or lease extension. The area records high crime and very high deprivation indices, which will influence tenant demand and local resale values.
Overall: good commuter location and low asking price make this a short-term renovation or rental play for buyers prepared to manage lease issues and local area challenges. Any purchase should budget for potential lease extension costs and factor lender availability into financing plans.
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