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Studio for sale

£95,000

Archway Court, Frindsbury Road, Strood, Kent ME2

1
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Property features

  • Studio Apartment
  • Large Living Area
  • Fitted Kitchen
  • Off Road Parking
  • Close to the Town Centre
  • Chain Free

Property description



Ideal first time purchase or investment!

A very spacious first floor studio apartment nestled in a green development, located in a popular area of Strood. The property features a large living area, separate kitchen with washing machine, fridge and oven/hob, separate bathroom, the bath with shower, a entrance hall with entry phone system.

Kitchen : Low level and eye level cupboards, cooker with hob and extractor fan, washing machine and fridge/freezer. 3.4m (11.2) x 2.3m (7.7)

Bathroom/WC : Bath with Shower, Basin and WC 2.2m (7.3) x 1.7m (5.7)

Lounge/Bedroom : A large carpeted room, with light flooding in through 2 windows making it a bright living space. 6.1m (20.0) x 4.3 (14.1)

Outside : Parking to the rear

Investment Yield - 6%
Lease - 1990 for 125 years.
Service Charge - £1094.25 per annum
Ground Rent - £100 Per annum

Whilst every reasonable effort is made to ensure the accuracy of description and content, we should make you aware of the following guidance & limitations.

1. Money laundering regulations. Intending purchasers will be asked to produce identification documents when offering to purchase. Any delay in supplying these documents will delay agreeing any sale.

2. These particulars do not constitute part or all of an offer or contract.

3. The measurements indicated are supplied for guidance only and must not be considered correct or relied on.

4. Potential buyers are advised to recheck the measurements before committing to any expense.

5. Seekers have not tested any apparatus, equipment, fixtures, fittings or services and it is in the buyers interest to check the working condition of any appliances.

6. Seekers have not sought to verify the legal title of the property and the buyers must obtain verification from their conveyancer.


Property info

Floorplan(s): Floorplan 1

View original

Market activity
Average price paid £261,516 Sales 557 Current average value £277,320 (Zoopla Zed-Index) Value change £13,203 ▲ 5.00%

Property value data/graphs for ME2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £456,322 £317 3.7 £397,505
Semi-detached £286,511 £291 3.1 £274,928
Terraced £224,971 £274 2.8 £226,486
Flats £152,467 £274 1.7 £167,166

Current asking prices in ME2

Average: £295,579
Avg. current asking prices in ME2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £70,000
(1)
£221,429
(35)
£300,451
(103)
£415,083
(24)
£453,749
(8)
Flats £155,714
(7)
£209,607
(23)
- - -
All £144,999
(8)
£216,741
(58)
£300,451
(103)
£415,083
(24)
£453,749
(8)

Current asking rents in ME2

Average: £917 pcm
Avg. current asking prices in ME2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £594 pcm
(2)
£851 pcm
(7)
£1,050 pcm
(8)
£1,200 pcm
(1)
£2,500 pcm
(1)
Flats £585 pcm
(9)
£1,097 pcm
(7)
£793 pcm
(2)
- -
All £586 pcm
(11)
£974 pcm
(14)
£999 pcm
(10)
£1,200 pcm
(1)
£2,500 pcm
(1)

Fun facts for ME2

Highest value in ME2
Highest value streets Zed-Index
Schooner Walk £613,524
Crutches Lane £548,394
Riggall Court £525,472
Colewood Drive £521,057
Old Watling Street £510,435
Highest turnover in ME2
Highest turnover streets Turnover
Sarafand Grove 57.1%
Rileys Park Drive 54.5%
Everest Lane 50.0%
Charles Street 50.0%
St. Albans Road 48.3%

What Zoopla users think of Strood

Overall rating:

  • currently 4 stars
Very good - 77% (81 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Strood:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Strood (Kent) (0.2 miles)
  • Rochester (1.1 miles)
  • Chatham (1.6 miles)
  • London Southend Airport (14.7 miles)
  • London City Airport (20.4 miles)
  • London Gatwick Airport (34.4 miles)
  • Gravesend Pier (6.4 miles)
  • Tilbury Ferry Terminal (6.7 miles)
  • Woolwich Arsenal Pier (19.5 miles)

Nearby schools

View all schools in Medway
  • All Faiths Children's Academy (0.1 miles)
  • English Martyrs' Catholic Primary School (0.2 miles)
  • St Nicholas Church of England Voluntary Controlled Infant School (0.3 miles)
  • MidKent College (2.0 miles)
  • Medway UTC (2.3 miles)
  • Palmer's College (8.5 miles)
  • King's School, Rochester (0.7 miles)
  • Abbey Court Foundation Special School (0.8 miles)
  • Rochester Independent College (1.1 miles)
Note: Distances are straight line measurements

Local info for Medway

About the neighbours in ME2

AskMe Q&A for Medway

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For more information about this property, please contact
Seekers, ME14 on +44 1622 279526 * (local rate)

Monthly running costs Beta

£536 Monthly total

Mortgage

Purchase price
Deposit (10%) 9,500
Repayment term 25
Interest rate 1.5
Your payment £341 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £350,000 Contents value up to £40,000 Average insurance cost £17/mo (£204/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £20 Electricity £29 Estimated energy cost £49/mo

Similar properties could save up to £185

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6100 kWh/year
Electricity: 2100 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Medway

Estimated tax band A Council tax cost £102 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £9 Sewerage £18 Estimated water cost £27 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Seekers, and do not constitute property particulars. Please contact Seekers for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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