Auction

1/15

Auction

1/15

2 bed flat for sale Pegasus Way, Gillingham, ME7

Asking price

£155,000

Reduced on 18/10/2026

For sale by auction

Type: Flat
Bedrooms: 2
Bathrooms: 1
Size: £232 per sq ft
Tenure: Leasehold; 981 years left(from the agent's description)

Council tax Band D £2,329 a year

* From the agent's description. Check it with them before you rely on it.

Key features

UNSOLD AT AUCTION
15 October 2026
By order of the LPA Receivers.
EPC Rating - B

About this property

Long leasehold purpose built self-contained flat Full vacant possession By order of the LPA Receivers 3D Tour: Click Here Location: The property is situated within The Peninsula on Pegasus Way within the popular Victory Pier waterfront development. Public transport links include Gillingham Mainline Rail Station together with a network of local bus services serving the surrounding vicinity. Rail services provide direct access to London St Pancras International, Stratford International and Central London via High Speed services.

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

This home (approx.)

£232 / sq ft

Area average (sold)

£325 / sq ft

Price per area, sold homes nearby

£243 / sq ft

£232 / sq ft

£426 / sq ft

Lowest

This home

Highest

About £232 per sq ft, below almost all recent sales in ME7 (£243–£426, 10th–90th percentile, 1,036 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 1,036 homes sold in ME7 over the last 24 months. This home's figure uses its asking price and a floor area matched from the EPC register, so it is approximate. All sold £/sq ft in ME7 →

Location

Pegasus Way, Gillingham, ME7

Open map Street View

Part of a development

This home is in Victory Pier. See the scheme's facilities, developer and other homes there.

Victory Pier

Berkeley Homes · Gillingham

View development

Mortgage and stamp duty

Property price £155,000

£77k £233k

Deposit10% £16,000

£0 £155k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £139,000 mortgage. Most lenders would want a household income of about £31,000 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 1, The Peninsula, Pegasus Way Flat / maisonette	Flat / maisonette	Nov 2025	764 sq ft £292/sq ft	764 sq ft	£292	£223,000
Flat 48, The Peninsula, Pegasus Way Flat / maisonette	Flat / maisonette	Apr 2025	764 sq ft £327/sq ft	764 sq ft	£327	£250,000
Flat 9, The Peninsula, Pegasus Way Flat / maisonette	Flat / maisonette	Oct 2023	495 sq ft £384/sq ft	495 sq ft	£384	£190,000
Flat 75, The Peninsula, Pegasus Way Flat / maisonette	Flat / maisonette	Aug 2023	560 sq ft £339/sq ft	560 sq ft	£339	£190,000
Flat 14, The Peninsula, Pegasus Way Flat / maisonette	Flat / maisonette	Jul 2023	420 sq ft £381/sq ft	420 sq ft	£381	£160,000
Flat 2, The Peninsula, Pegasus Way Flat / maisonette	Flat / maisonette	Mar 2023	517 sq ft £416/sq ft	517 sq ft	£416	£215,000
Flat 44, The Peninsula, Pegasus Way Flat / maisonette	Flat / maisonette	Dec 2022	517 sq ft £406/sq ft	517 sq ft	£406	£210,000
Flat 54, The Peninsula, Pegasus Way Flat / maisonette	Flat / maisonette	Oct 2022	517 sq ft £465/sq ft	517 sq ft	£465	£240,000