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2 bed flat for sale Pegasus Way, Gillingham, ME7

Guide Price

£200,000

Added on 29/09/2026

Type: Flat
Bedrooms: 2
Bathrooms: 2
Size: £282 per sq ft
Tenure: Leasehold

Council tax Band D £2,329 a year

Key features

5th floor with riverside apartment views
Family bathroom and en-suite
Balcony
Superbly presented throughout, with great commuter links into London
Lovely development with excellent road access
Above-average EPC energy efficiency rating C (77/77)

About this property

This 5th floor riverside apartment enjoys stunning views of the River Medway and the marina from its balcony. It comes with a long lease, secure undercover allocated parking and Gym located inside the building.

Floorplan

Council tax

Band D £2,329 a year

Per year

Band A

£1,552
Band B

£1,811
Band C

£2,070
Band D

This home: £2,329
Band E

£2,846
Band F

£3,363
Band G

£3,881
Band H

£4,657

This home is in band D, which costs £2,329 a year in Medway for 2026/27.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Medway, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.

Price guide

30 comparables · within 2.7 miles

Cheaper than 57% of the 2-bed flats for sale nearby right now.

This home, £200,000 Median £210,000 · £159,500 – £281,000

Per square foot

£282 9% under

2-bed flats nearby £309

Against sold prices

10% under

ME7 sold median £312 / sq ft, 1,036 sales

Compared with 30 2-bed flats for sale within 2.7 miles, on the market now or already under offer. The range is the middle 80% of their asking prices. Sold prices are HM Land Registry sales in ME7 over the last 24 months, per square foot of EPC floor area. All sold £/sq ft in ME7 →

Location

Pegasus Way, Gillingham, ME7

Open map Street View

Mortgage and stamp duty

Property price £200,000

£100k £300k

Deposit10% £20,000

£0 £200k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £180,000 mortgage. Most lenders would want a household income of about £40,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
Flat 94, The Peninsula, Pegasus Way Flat / maisonette	Flat / maisonette	Dec 2025	441 sq ft £431/sq ft	441 sq ft	£431	£190,000
Flat 125, The Peninsula, Pegasus Way Flat / maisonette	Flat / maisonette	Jul 2024	721 sq ft £330/sq ft	721 sq ft	£330	£238,000
Flat 117, The Peninsula, Pegasus Way Flat / maisonette	Flat / maisonette	Oct 2022	710 sq ft £436/sq ft	710 sq ft	£436	£310,000
Flat 137, The Peninsula, Pegasus Way Flat / maisonette	Flat / maisonette	Jul 2022	517 sq ft £503/sq ft	517 sq ft	£503	£260,000
Flat 130, The Peninsula, Pegasus Way Flat / maisonette	Flat / maisonette	Mar 2022	721 sq ft £388/sq ft	721 sq ft	£388	£280,000
Flat 129, The Peninsula, Pegasus Way Flat / maisonette	Flat / maisonette	Jan 2022	560 sq ft £313/sq ft	560 sq ft	£313	£175,000
Flat 94, The Peninsula, Pegasus Way Flat / maisonette	Flat / maisonette	Aug 2020	441 sq ft £402/sq ft	441 sq ft	£402	£177,500
Flat 81, The Peninsula, Pegasus Way Flat / maisonette	Flat / maisonette	Apr 2019	377 sq ft £398/sq ft	377 sq ft	£398	£150,000