The Historic Dockyard, Chatham, ME4
RI

The Historic Dockyard, Chatham, ME4

By Riverhomes

£ 100,000

Reviews

2 out of 5 stars

Riverhomes says ..

Discover the unparalleled potential of the 98 ft. barge Eileena, a unique opportunity for conversion into a luxurious floating home, eco-friendly retreat, or boutique hotel. Located at Turks Shipyard in Chatham, Kent, this ex-fuel transporter barge offers an expansive open space, having been stri...

Property Oracle says ..

This listing presents a unique opportunity: a 98ft barge situated within Chatham’s Historic Dockyard, currently undergoing renovation. The location itself is a significant draw, offering a blend of historical context and proximity to transportation (Chatham station is within approximately 2km). The surrounding area, while possessing historical charm, is not dense with amenities, requiring potential buyers to utilize transport links for broader access to shops and services. The barge itself requires substantial work. The provided photos reveal extensive ongoing renovation, with some parts appearing freshly painted while others show obvious signs of wear, rust, and the need for structural repair. Internally, the barge is largely unfinished. While the listed price of £100,000 is arguably low for this size of vessel, the considerable investment needed to complete the renovation must be factored in. The absence of comparable sales data further complicates a definitive value assessment. Essentially, this property is a high-risk, high-reward proposition for a buyer willing to undertake a significant project. Prospective buyers must factor in substantial renovation costs, and carefully assess the potential return on investment after completion, given the unique nature of the property and the highly specialized expertise required for its renovation.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
4
Location
7
Land
1
Bedrooms
3
Bathrooms
0
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Leaflet © OpenStreetMap contributors

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
320,739.00 £
Increased by 5.09 %
from 305,218.00 £
Average area rental value
1,390.00 £/mo
Increased by 2.43 %
from 1,357.00 £/mo
Est rental Yield
5.20 %
Decreased by 2.62 %
from 5.34 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Riverhomes created the listing.

Nearby Schools

NameTypeOfstedDistance
Forward2 Employment LimitedSpecial Post 16 Institution0.24 KM
Brompton Children'S CentreChildren's Centre1.30 KM
Brompton-Westbrook Primary SchoolAcademy ConverterGood1.44 KM
St Mary'S Island Church Of England (Aided) Primary SchoolVoluntary Aided SchoolGood1.55 KM
Midkent CollegeFurther EducationGood1.61 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Maingate Road £ 100,00000.00 KM
College Road £ 441,25000.00 KM
Maritime Court £ 180,00000.00 KM
Vanguard Way £ 400,00000.00 KM
Hawkins Close £ 325,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Chatham5199CTM2.05 KM
Rochester5203RTR2.43 KM
Gillingham (Kent)5169GLM2.59 KM
Strood (Kent)5191SOO3.18 KM
Higham5202HGM7.67 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Historic Dockyard, Chatham, ME4 £ 100,000BUY4 / 100.00 KM
Marc Brunel Way, Chatham, Kent, ME4 £ 400,000BUYUnknown0.26 KM
Church Lane, The Historic Dockyard, Chatham, Kent £ 400,000BUY6 / 100.28 KM
Church Lane, The Historic Dockyard, Chatham, Kent £ 385,000BUY6 / 100.28 KM
Historic Dockyard, Chatham £ 1,250,000BUY6 / 100.34 KM

Nearby Properties

AddressPriceDistance
13 Marc Brunel Way £ 237,5000.25 KM
7 Marc Brunel Way £ 222,0000.25 KM
9 Marc Brunel Way £ 220,0000.25 KM
8 Marc Brunel Way £ 163,0000.25 KM
4 Marc Brunel Way £ 305,0000.25 KM