Summary - Flat 18, Penryn Manor, Skinner Street ME7 1LE
2 bed 1 bath Flat
Vacant flat requiring renovation near transport and local amenities.
Vacant second-floor two-bedroom flat, approx. 496 sq ft
Set for sale at public auction, this vacant second-floor two-bedroom flat offers a compact urban investment opportunity close to Gillingham station. The property is presented as requiring a full programme of refurbishment, making it suitable for a buyer prepared to renovate and add value.
Key positives include vacant possession for immediate works, mains gas central heating, double glazing and fast broadband/mobile signal—useful for rental demand or resale. The flat sits within walking distance of local shops, Hilly Fields Community Park and several primary and secondary schools, supporting lettability.
There are significant material drawbacks to consider: the lease has approximately 81 years remaining and will require renewal with haste; the building dates from the 1950s–60s and the flat currently needs renovation. The area records very high crime and high deprivation, which will affect both marketability and rental yield assumptions.
This lot will suit experienced investors or developers who can budget for refurbishment, lease extension costs and let or resell in a challenging urban market. Legal pack and auction details should be reviewed before bidding.
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