Flat 4, Maison Des Fleurs, Hartnup Street, Maidstone, Kent, ME16 8PD

Description

A studio flat situated on the first floor of a purpose-built block, with good access to Maidstone town centre and its various amenities, including shops, restaurants, mainline railway stations and schools.

Accommodation

Living room/bedroom, kitchen and bathroom with W.C.

Location

Good access to Maidstone town centre and its various amenities, including shops, restaurants, mainline railway stations and schools.

Tenure / Property Information

Investment Analysis

Five completed sales are recorded at Maison Des Fleurs, ranging from £90,000 to £98,000. The latest supplied sale was £94,000 on 30 June 2026. A reasonable evidence-based base GDV is therefore £94,000, with a supported observed range of £90,000–£98,000. The comparables do not confirm whether they match this flat's condition, size, floor or lease terms.

Investment Snapshot

Strategy Recommendation

Proceed only conditionally after confirming the improvement scope, leasehold costs, EPC, heating, rent evidence and all auction fees. At the current evidence level, avoid committing above a professionally costed project budget.

Works Required

The listing describes the flat as being for improvement, but provides no condition schedule or scope. Obtain a survey and specify only evidenced works; the EPC and heating details also require confirmation.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV, a 75% refinance is £70,500. However, the refurbishment budget, acquisition costs, leasehold charges and rent are unknown, so total project cost, cash left in and refinance viability cannot be calculated.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Purchase costs, works, leasehold charges and additional auction fees are also unquantified.

Flip Analysis

The supplied same-block completed sales support a base resale value of £94,000 and an observed range of £90,000–£98,000. A flip surplus cannot be calculated because works, buyer costs, other non-optional fees and selling costs are not supplied.

Investor Risks & Due Diligence

• The flat is described as being for improvement, but no works scope or condition evidence is supplied.

• No sufficiently specific rental evidence or passing rent is available, so yield cannot be established.

• EPC and heating details are to be confirmed.

• Administration and other non-optional auction fees may be payable, but amounts are not supplied.

• Leasehold service charge, ground rent, major works exposure and other lease terms are not supplied.

• The lease began on 24 June 1990 for 125 years; the precise remaining term and its mortgageability should be confirmed.

• The completed sales do not confirm that the compared flats match this flat's condition, size, floor or exact lease terms.

Recommendation

Proceed only conditionally after confirming the improvement scope, leasehold costs, EPC, heating, rent evidence and all auction fees. At the current evidence level, avoid committing above a professionally costed project budget.

Strategy Rating

Analysis Confidence

There is good same-block completed-sale evidence, including a recent 2026 sale, but condition comparability, works, rent, leasehold costs and buyer fees are incomplete.