21 Lywood Drive, Sittingbourne, Kent, ME10 2FT

Description

Two bedroom top floor apartment. Conveniently positioned close to Morrisons supermarket, this modern two bedroom apartment presents an excellent opportunity for investors or owner occupiers. The property comprises an entrance hall, living room with access to a private balcony, kitchen, two bedrooms, one with an en-suite shower room, and a separate family bathroom. Externally, the apartment benefits from an allocated parking space and access to a communal garden.

Accommodation

Entrance hall, living room with private balcony, kitchen, two bedrooms, two bathrooms, including one en-suite shower room and a separate family bathroom.

Location

Conveniently positioned close to Morrisons supermarket and approximately 0.4 miles from Sittingbourne railway station, with regular services to London. Sittingbourne town centre is also within easy reach, offering shops, restaurants and schools.

Tenure / Property Information

Investment Analysis

Five supplied HM Land Registry comparables on Lywood Drive sold between £166,000 and £197,500, with an arithmetic average of £183,500. The comparables are the same development and tenure, but bedroom count, floor, condition, lease details and transaction differences are not supplied, so this is an indicative evidence range rather than a formal valuation. The £140,000 guide is below all supplied comparables. Known auction charges total £2,880, excluding any additional Special Conditions costs.

Investment Snapshot

Strategy Recommendation

Potential value-led purchase for an owner occupier or longer-term hold, subject to confirming the legal pack, leasehold charges, condition and achievable rent. Do not set a bid limit from GDV alone because total project costs and resale costs are incomplete.

Works Required

No specific defects or refurbishment requirements are identified in the supplied description. Allow for inspection, cleaning and any works required only after viewing and reviewing the legal pack; no numeric works allowance is supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative base GDV of £183,500, 75% refinance is approximately £137,625. A cash-left-in calculation cannot be supported because refurbishment costs, service charges, finance costs, taxes and other acquisition costs are not supplied. The strategy requires confirmed rent, leasehold charges and lender valuation before bidding.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence, auctioneer rent estimate, service charge, ground rent or full operating-cost information is supplied. The comparable sales support potential value, but not rental yield or cash flow.

Flip Analysis

The guide price is £140,000 and known buyer/admin charges are £2,880, before any works, legal costs, other Special Conditions costs, finance and selling costs. The indicative base GDV is £183,500, but a reliable flip surplus cannot be calculated without refurbishment, transaction and selling allowances.

Investor Risks & Due Diligence

• Leasehold service charge, ground rent and other lease obligations are not supplied.

• Special Conditions may impose additional search fees, seller-cost reimbursement, legal fees, transfer fees and other disbursements.

• No sufficiently specific rental evidence is available, preventing yield and cash-flow assessment.

• Comparable bedroom count, floor, condition and lease details are not supplied, limiting GDV precision.

• EPC rating is D.

Recommendation

Potential value-led purchase for an owner occupier or longer-term hold, subject to confirming the legal pack, leasehold charges, condition and achievable rent. Do not set a bid limit from GDV alone because total project costs and resale costs are incomplete.

Strategy Rating

Analysis Confidence

There are five nearby completed sales and clear guide-price and auction-fee evidence, but no specific rental evidence, condition survey, service-charge or ground-rent information, and the comparable property attributes are incomplete.