Tel: 01474 333777

Edwin Street, Town Centre, Gravesend, DA12

For Sale - Freehold - Guide Price £300,000

3 Bedrooms, 2 Receptions, 2 Bathrooms, Terraced, Freehold

The Location:

Nestled in a prime town centre location, the property benefits from proximity to Gravesend Train Station, offering high-speed services to London St Pancras in under 25 minutes. The area is renowned for its thriving retail and dining scene, with an array of shops, restaurants, and cafes just a short stroll away.

The nearby River Thames provides scenic riverside walks, while excellent road links via the A2 and M25 make this property ideal for commuters.

The Property:

This freehold property consists of two self-contained, split-level flats, each offering a blend of space and functionality.

1. One-Bedroom Flat
-Floor Area: 570 ft² (53 m²)
-Currently vacant, this well-maintained flat features a spacious living area, a practical kitchen, and a comfortable bedroom. Its layout makes it an appealing option for singles or couples seeking a convenient town-centre location.

2. Two-Bedroom Flat/Maisonette with Garden
- Floor Area: 688 ft² (64 m²)
- Currently tenanted until February 2025, this maisonette offers two well-sized bedrooms, a bright living space, and a functional kitchen. It also boasts the added benefit of a private garden, making it particularly attractive to families.

Planning Permissions
-Planning permission was granted in 1993 for the retention of use of the dwelling as two self-contained maisonettes.
-Planning permission for a single-story rear extension was granted in 1979.

Condition and Potential

Both flats are in good condition, offering comfortable living spaces, but they are not ultra-modern, allowing potential buyers the option to update or upgrade to suit their tastes or increase rental yields.

Investment Appeal

This property represents an excellent investment opportunity. With the one-bedroom flat immediately available for occupancy or rental and the two-bedroom flat generating rental income until February 2025, the property offers dual-income streams from a single freehold asset. The high-demand location further enhances its appeal, ensuring strong rental potential and long-term value. The potential yield for both flats is above 8%, adding to the property's investment attractiveness.

For more information or to arrange a viewing, please contact us today.

Don't miss out on this promising investment!

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.