Summary - 42b Luton Road, CHATHAM ME4 5AA
1 bed 1 bath Flat
Auction project flat with refurbishment upside — lease length may limit mortgages..
One-bedroom split-level flat, approx. 485 sq ft
Requires general upgrading and full redecoration throughout
Auction sale — immediate exchange; 10% deposit and fees apply
Lease ≈ 80 years remaining; likely problem for some mortgage lenders
EPC rating G — major energy improvements required
High local crime rate; located in a very deprived area
Ground rent £50 p.a.; solid brick walls, probably uninsulated
Electric boiler and radiators; double glazing (unknown install date)
This one-bedroom split-level flat is offered for sale at auction and suits buyers comfortable with a renovation project or investors seeking an affordable entry into Chatham. Set on the corner of Luton Road and Bank Street, the property occupies an average-sized 485 sq ft footprint in a mixed mid-20th-century/period building. The flat has double glazing (install date unknown), electric boiler and radiators, and solid brick walls that likely lack insulation.
The home requires general upgrading and redecoration throughout; the EPC is rated G. The lease was granted in 2006 for 99 years (approximately 80 years remaining) and carries a small ground rent of £50 p.a. The limited unexpired lease length may restrict mortgage options and will need attention by any buyer who intends to finance or hold long term.
Sold by online auction with immediate exchange on the fall of the hammer, the purchase process requires readiness to proceed quickly and to pay a deposit and administration fees. The local area is an urban cultural mix with fast broadband and excellent mobile signal, but it is in a very deprived area with above-average crime rates — factors buyers should factor into rental potential and refurbishment plans.
This property is best suited to a cash buyer or investor prepared for renovation and possible lease extension. It offers potential for uplift after works but comes with clear legal, funding and neighbourhood considerations that should be investigated before bidding.
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