A leasehold 2-bedroom apartment in Gravesend, offered in excess of £128,000 against a post-lease-extension on-market value of circa £200,000. The lease has approximately 84 years remaining, with an estimated lease extension cost of circa £30,000 (subject to verification). The property is in good condition throughout, offered with vacant possession, and benefits from a modest service charge (£450 p.a.) and ground rent (£50 p.a.). Well located for local schools, shops, healthcare, and Gravesend Railway Station, all within 0.5 miles.
A good-condition 2-bedroom leasehold apartment in Gravesend, offered with vacant possession at a significant discount to its post-lease-extension market value. The lease currently has approximately 84 years remaining, with an estimated extension cost of circa £30,000 (subject to verification), presenting a clear value-add opportunity for an investor or owner-occupier. Extending to approximately 419 sq ft, the property benefits from low annual outgoings (service charge £450, ground rent £50) and is ideally located close to schools, shops, healthcare, and Gravesend Railway Station.
Property Overview
Financial Analysis
Comparable 2 - Sold: 2-bedroom leasehold flat (90 yrs remaining), Gravesend DA11 - Sold 30/01/2026 | £180,000 | 420 sq ft | 0.68 miles from subject property
SSTC Supporting Evidence: Further supporting comparables currently SSTC in the area range from £195,000 to £240,000 for 2-bedroom flats within 0.7 miles of the subject property. Street-level evidence on St Marks Avenue shows repeat sold prices for flat-maisonette, terraced, and semi-detached houses ranging from £27,500 to £343,000 over multiple sale cycles since 1995, reflecting consistent long-term price growth in the immediate area. Subject property is being offered at £128,000 OIEO, representing approximately 36% below the post-lease-extension market value of £200,000.
Secure Deal
Fee to Pay £1228.8$ 1,658 *$ 2,351 *$ 2,313 *€ 1.437 * (Inc VAT)
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