2 bed maisonette for sale

Canning Street, Maidstone ME14

For sale by online auction 22nd January 2026 at 1:30pm. 2 Bedroom Ground Floor Maisonette Sold with Tenant in Situ 9.4% Yield at Guide Price

For sale by online auction
Auction Guide £125,000+ Plus Fees
Tenure

Leasehold
Term- 190 years from 1st January 2001
164 years Remaining
Service charge

£1,824.26 Per Annum
Ground rent

£100 pa
VAT

This property is not elected for VAT
Bidding

Bidding will take place on our website 'auctions.sealeys.co.uk' on 22nd January, Bidding opens at 11:30am and will end at 1:30pm. In order for you to bid, you will be required to register your card for an 'auction entrance fee', this is made up of an 'administration fee' and a 'buyers security fee'. This will only be charged to the successful buyer. Please see the Buyers Guide and the Common Auction Conditions for more information. If you have any further questions please contact the agent, or seek legal advice.

The required 'auction entrance fee' for this lot is - £5,000
Location description

Gower House is situated on Canning Street just 0.5 miles from the A229 the main route running through Maidstone. Maidstone east is 0.6 miles away whilst Maidstone town centre is 0.7 miles away.
Property description

A ground floor 2 bedroom maisonette, with allocated parking. Comprising - Lounge/ Kitchen/ Diner, Bathroom, double bedroom and single bedroom.
Tenant in situ

Sold with the tenant in situ, achieving a rent of £890 per calendar month. The property has been let and managed by an estate agent. All rent is up to date as of 18th December 2025 and a statement of payments is available.

Local authority:
Maidstone Borough Council, Council Tax Band - B £1,833.91 2025/2026

utilities:
Mains Electricity, Water and Drainage

guide price*
Where a guide price (or range of prices) is published, that guide is the sellers minimum expectation at the date of publication. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please register your interest or keep an eye on our website for any amendments to this.

Fees**
In addition to the bid price, you may be responsible for administration fees, other non-optional fees, and potentially the repayment of search and other costs. All lots are subject to the Common Auction Conditions and applicable Special Conditions of Sale.
Before bidding, carefully review all available legal documentation to understand your potential liabilities. This includes potential costs such as Stamp Duty, Land Registry fees, and VAT, which may be applicable upon completion.
If you have any doubts, please consult with your own professional advisors.

Administration fee schedule***
The successful buyer is subject to an administration fee at the same time as the bidder security fee (auction entrance fee) for each lot purchased. The administration fee is applied to the sale price in the following scaled increments
and includes VAT;
Up to £99,999 =£1,080
£100,000 - £349,999 =£2,160
£350,000 Plus =£3,600
Please see the 'General Conditions Of Sale' for detailed explanation of the terms.