Buy to Let Property

X1 Chatham Waters Residential Development in Kent

From: £220,000
Private garden
Onsite gym
Residents' lounge space
one, two, and three-bedroom apartments
Riverside location
Private parking
Completed property

X1 Chatham Waters is a new riverside residential development in the Medway town of Chatham


Chatham Waters is a riverside community featuring 1, 2, and 3-bedroom apartments. The site is due to be redeveloped by X1 and Peel L&P – the same company which was responsible for the successful development of MediaCityUK in Manchester.

This is a completed property so invest now to save on stamp duty as from April 2021 new fees will be introduced including a 2% extra charge for overseas investors.

Key Figures

£220,000
Starting Price

7%
Net Yield

Q4 2020
Completion Date

Investment Details

Along with Gillingham, Rochester, Rainham and Strood, Chatham is part of a conurbation known as the Medway towns in Kent. It is a popular London commuter spot with a rich maritime history. Workers have the best of both worlds, a quick commute into vibrant London and idyllic waterside living. Journey times to the centre of London take just 36 minutes, so workers can escape the hustle and bustle of London to the tranquility of Chatham. Its location, amenities and peaceful landscape make it one of the fastest growing areas in the commuter belt. Regular trains run to King's Cross St Pancras and take 1hr 15 minutes. From there people can catch the Eurostar and travel further afield.

Residents will be fortunate enough to have a whole range of amenities on their doorstep. Within a 5-minute walk there is an independent coffee bar, Starbucks, ASDA, and restaurant. Within a 10-20-minute walk there is an Odeon and dockside outlet.

Within the development there is also an private gym, lounge space, secure car parking and private gardens.

The Numbers

Ground Rent:395

Number of Units:199

Service Charge:£1.92 per sq ft per annum

Prices:One Bedroom Apartments £220,000, Two Bedroom £275,000, Three Bedroom £367,000.00

Leasehold:250

ASDA Gillingham
Medway Campus, University of Kent
Chatham Train Station

Onsite gym, parking, residents' lounge and garden

Contemporary kitchens with chrome finishes

Carpet or timber effect flooring

Oak veneered internal doors

Electronic video intercom door system

Wrap around windows to let in plenty of light

  1. £5000 Reservation deposit
  2. 10% of the purchase price (less deposit) and 100% of furniture pack payable within 21 days on exchange of contract
  3. Final balance on completion

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