Rhodes House, Beacon Hill, Chatham, Kent

Description

A substantial detached block of 23 units standing on a site extending to 0.47 acres (0.19 hectares), with frontage to Beacon Hill and return frontage to Church Terrace. The property previously provided supported living accommodation and is arranged over two floors, with communal living areas and surrounding gardens. It is considered suitable for remodelling, extension to provide additional accommodation or complete redevelopment, subject to all necessary consents being obtainable.

Accommodation

23 units comprising 17 studios and six one-bedroom units. Ground floor: main entrance hall, residents lounge, laundry, bathroom and shower room, further separate bathroom, residents kitchen and dining room. Units 1-8: entrance hall with store cupboard, living room/bedroom, kitchen and shower room with WC. Units 9 and 10: entrance hall, living room, kitchen, separate bedroom and shower room with WC. First floor: landing and office, two separate bathrooms and guest bedroom. Units 11-18 and 21: entrance hall, living room/bedroom, kitchen and shower room with WC. Units 19 and 20 and 22 and 23: entrance hall, living room, kitchen, separate bedroom and shower room with WC.

Location

Established residential area. The property has frontage to Beacon Hill and return frontage to Church Terrace.

Tenure / Property Information

Investment Analysis

Rhodes House is a substantial freehold, vacant residential block comprising 23 units on approximately 0.47 acres, including 17 studios and six one-bedroom units. The guide range is £950,000–£1,000,000, but no completed sales, rental evidence, formal valuation, refurbishment budget or supported GDV evidence has been supplied. Accordingly, market value, development value and investment returns cannot be reliably quantified from the evidence provided.

Investment Snapshot

Strategy Recommendation

Undertake detailed planning, building-survey, services, fire-safety, cost and rental feasibility due diligence before bidding. Do not rely on a BTL, BRRR or flip valuation until GDV, works and income evidence are obtained.

Works Required

Potential remodelling, extension for additional accommodation or complete redevelopment are identified in the supplied description, subject to obtaining all necessary consents. No specific defects, scope of works or cost evidence is provided. The six EPC E units may require energy-efficiency consideration.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be quantified. Purchase pricing is indicated by the £950,000–£1,000,000 guide, but refurbishment or redevelopment costs, supported GDV, rent and refinancing value are unavailable. Buyer premiums, administration charges and other non-optional costs are also unspecified.

Buy-to-Let Analysis

A BTL assessment cannot be established because no sufficiently specific rental comparables or auctioneer rent estimate has been supplied. Gross rent, operating costs, finance costs and yield are therefore unsupported.

Flip Analysis

A flip appraisal cannot be established because no completed sales, supported GDV, works budget or selling-cost allowance has been supplied. The property has potential for remodelling, extension or redevelopment only subject to the necessary consents.

Investor Risks & Due Diligence

• Remodelling, extension or redevelopment is subject to all necessary consents.

• No refurbishment, conversion or redevelopment cost estimate is provided.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• Six units have EPC ratings of E, compared with 17 units rated C.

• The building uses a single gas heating system serving the property.

• Buyer premium, administration charges and other non-optional buyer costs are unspecified.

• Council Tax bands for Units 9 and 23 are to be confirmed.

• Vacant possession and the former supported-living use may require operational, planning or compliance due diligence before any proposed use change.

Recommendation

Undertake detailed planning, building-survey, services, fire-safety, cost and rental feasibility due diligence before bidding. Do not rely on a BTL, BRRR or flip valuation until GDV, works and income evidence are obtained.

Strategy Rating

Analysis Confidence

The description provides substantial accommodation, tenure, vacancy, site area and EPC information, but there are no comparables, rent evidence, works costs, GDV, detailed fee amounts or supported resale assumptions.