9 Venture Court (FFF), Canal Road, Gravesend, Kent, DA12 2AT

Description

Leasehold first floor flat

Accommodation

Principal bedroom with en-suite, reception room open plan to kitchen, bathroom/wc

Location

The property is located on Canal Road. Shopping amenities are available locally within Gravesend Town Centre. Public transport links are available at Gravesend Train Station (Thameslink and Southeastern services) lying to the west along with a network of local bus services serving the surrounding areas. The property is served by road links including the A226 and the A2 both located to the south. Recreational pursuits can be found locally.

Tenure / Property Information

Investment Analysis

The five supplied same-development leasehold comparables range from £170,000 to £195,000. The two latest sales in 2026 were £182,000 and £195,000, averaging £188,500. A base GDV of £188,500 is therefore used, with a low scenario based on the lower 2026 sale and a high scenario based on the highest supplied sale. The guide is £60,500 below the base GDV, before lease-related costs, selling costs, finance, tax or any works.

Investment Snapshot

Strategy Recommendation

Potential BTL purchase at the guide, subject to satisfactory review of the lease term, service charge, ground rent, rent review provisions and any seller completion fees. Do not rely on the apparent GDV margin until the lease is verified.

Works Required

No condition defects or refurbishment requirements are evidenced. No refurbishment allowance has therefore been applied. Obtain the lease, service-charge information, ground-rent details, parking information and heating details before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £188,500 base GDV, 75% of GDV is approximately £141,375. Against the guide plus the known £1,800 documentation fee, this indicates a theoretical £11,575 surplus of refinance proceeds before finance costs, tax and other costs. Actual refinancing depends on the lease, lender valuation, rent assessment and mortgage availability. The unknown lease term and service charges are material constraints.

Buy-to-Let Analysis

At the £128,000 guide, the single advertised asking rent of £975 pcm implies annual rent of £11,700 and a gross yield of approximately 9.1%. Including the known £1,800 contract documentation fee, the indicative gross yield is approximately 9.0%. This is before service charge, ground rent, maintenance, voids, management, finance, tax and other seller or completion charges. The lease length and recurring lease costs are currently unknown, so BTL viability cannot be fully established.

Flip Analysis

The supplied same-development sales support a base GDV of £188,500. Against the £129,800 guide-based cost including the known documentation fee, the gross difference is £58,700 before selling costs, finance, tax, legal costs, seller charges and any works. No supported selling-cost allowance or refurbishment requirement is available, so a net flip surplus cannot be established.

Investor Risks & Due Diligence

• Lease length, annual service charge, ground rent and review provisions are not supplied.

• The £975 pcm figure is an advertised asking rent rather than an achieved passing rent.

• Parking and heating details are unknown.

• The seller may charge additional completion fees under the special conditions.

• No condition or refurbishment information is available.

• Gross yields exclude finance, tax, management, maintenance, voids, service charge and ground rent.

• Refinance proceeds are indicative only and depend on lender valuation and leaseability.

Recommendation

Potential BTL purchase at the guide, subject to satisfactory review of the lease term, service charge, ground rent, rent review provisions and any seller completion fees. Do not rely on the apparent GDV margin until the lease is verified.

Strategy Rating

Analysis Confidence

Same-development completed sales and one advertised rental support the headline GDV and gross-yield calculations, but lease term, service charge, ground rent, parking, heating, condition, seller fees and achieved rent are unknown.