ME4 6LY - 1 bed one bedroom investment in Chatham Grove, ME4 6LY

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1 bedroom flat for sale in Chatham Grove, Chatham, Kent, ME4

Summary - 47 CHATHAM GROVE CHATHAM ME4 6LY

1 bed 1 bath Flat

Turn-key first-floor flat near transport — sold via Modern Auction, buyer fees apply.
One-bedroom first-floor flat, 463 sq ft, ready to let
A ready-to-let one-bedroom first-floor flat in Chatham Grove, offered through the Modern Method of Auction. At 463 sq ft, the apartment has a practical layout with a lounge/diner, fitted kitchen with integrated appliances, double-glazed windows and a bathroom — a straightforward home for a single professional or couple. Resident parking and communal gardens add rental appeal in a well-connected area with good public transport links.

This is presented as an investment opportunity: average-sized accommodation, fast broadband and excellent mobile signal make it attractive to tenants. The property is leasehold with approximately 91 years remaining, a service charge of £864 annually and ground rent of £10; council tax is described as very cheap. The flat is described as 'turn key ready', so minimal immediate refurbishment is implied, but buyers should verify appliances and services independently.

Important sale terms: the property is for sale by Modern Auction and subject to an undisclosed reserve price. Bidders must sign a reservation agreement and pay a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600), plus a buyer pack fee (£349). These additional costs and the auction timetable (completion within 56 days of draft contract) materially affect purchase costs and timing.

Note the wider area context: crime is recorded as above average and the locality is described as very deprived, factors that can influence rental demand and insurance. Prospective buyers should review the Buyer Information Pack, confirm lease details, service charge inclusions, and carry out full due diligence before bidding.

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