Summary - HOLLYBANK HILL FLAT 3 LONDON ROAD SITTINGBOURNE ME10 1NF
2 bed 1 bath Flat
Cheap entry two-bed ground-floor flat near station — auction sale, cash buyers preferred..
- Two double bedrooms, one with fitted wardrobes
- Ground-floor flat with garage and external storage shed
- Sold at auction; non-refundable reservation fee applies
- Lease approx. 44 years remaining — lenders may refuse mortgages
- Service charge about £1,660 per year; ground rent £15 pa
- Electric room heaters; likely poor wall insulation and inefficiency
- Dated interior; may require refurbishment or re-wiring checks
- Area classified as deprived with high local crime rates
This ground-floor two-bedroom flat on London Road in Sittingbourne offers immediate entry by auction and clear investment potential for cash buyers. The apartment includes a lounge, kitchen, bathroom, two double bedrooms (one with fitted wardrobes), a garage and a storage shed — useful extras that support rental or resale value in a town-centre location. Transport links and local amenities are a short walk away, with the mainline station approximately 0.3 miles from the property.
Important practical points are unavoidable: the lease has only 44 years remaining, which is likely to deter mortgage lenders and restrict buyer options to cash or specialist finance. The property is sold via the Modern Method of Auction; buyers must pay a non-refundable reservation fee (4.5% of the price, minimum £6,600) plus a £349 pack fee, and complete within 56 days. Service charge and ground rent apply (approx. £1,660 pa and £15 pa respectively).
The flat is presented in generally fair condition but has dated interiors and electric room heaters; the building is a mid-20th-century system-built form with assumed lack of wall insulation. These factors indicate potential energy inefficiency and likely need for upgrades (heating, insulation, possible re-wiring checks) before long-term letting or owner occupation. The surrounding area is classified as deprived with high local crime statistics — an important consideration for owner-occupiers and some tenants.
For the right buyer — typically a cash investor or experienced developer — this property offers a low entry price, central Sittingbourne location, and immediate possession potential through auction. Budget realistically for lease-extension costs, energy upgrades and any security or management measures to maximise long-term return.
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