3 Bed Terraced House, Refurb/BRRR, Chatham, ME4 5RY, £190,000

142 Charter Street, Chatham, Medway, ME4 5RY - 8 views - a year ago

Sold STC
Refurb/BRRR
ROI: 7%
68 m²
+7 photos

ValuationOvervalued

Sold Prices£167K - £349K
Sold Prices/m²£1.8K/m² - £4K/m²

 

 

Square Metres

68 m²
Price/m²£2.8K/m²

Value Estimate

£183,600

 

 

End Value (After Refurb)

£195,353

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Refurb Costs

£33,342

Bridging Loan Interest

£4,988

Total Cash In

£94,479

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£195,353

Mortgage (After Refinance)

£146,515

Mortgage LTV

75%

Cash Released

£4,015

Cash Left In

£90,465

Equity

£48,838

Rent Range

£1,200 - £3,550

Rent Estimate

£1,504

Running Costs/mo

£931

Cashflow/mo

£573

Cashflow/yr

£6,873

ROI

7%

Gross Yield

9%

Local Sold Prices

51 sold prices from £167K to £349K, average is £228K. £1.8K/m² to £4K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£235K02/230.01 mi101, Charter Street, Chatham, Medway ME4 5RY3
£250K10/230.05 mi88, Holcombe Road, Chatham, Medway ME4 5RX3
£175K10/200.07 mi1, Ingle Road, Chatham, Medway ME4 5SD3
£242K03/210.07 mi63, Ingle Road, Chatham, Medway ME4 5SD3
£235K07/210.07 mi13, Ingle Road, Chatham, Medway ME4 5SD3
£220K11/210.07 mi51, Ingle Road, Chatham, Medway ME4 5SD3
£175K02/210.08 mi56, Charter Street, Chatham, Medway ME4 5RZ3
£285K08/210.08 mi68, Ingle Road, Chatham, Medway ME4 5SE3
£201K11/200.08 mi9, Cottall Avenue, Chatham, Medway ME4 6HG3
£205K02/230.08 mi52, Cottall Avenue, Chatham, Medway ME4 6HG3
£176.8K07/230.08 mi3, Cottall Avenue, Chatham, Medway ME4 6HG3
£176.8K07/230.08 mi3, Cottall Avenue, Chatham, Medway ME4 6HG3
£228K08/210.08 mi9, St Leonards Avenue, Chatham, Medway ME4 6HE3
£215K10/230.08 mi17, St Leonards Avenue, Chatham, Medway ME4 6HE3
£247.5K12/230.08 mi29, St Leonards Avenue, Chatham, Medway ME4 6HE3
£283K09/230.09 mi140, Palmerston Road, Chatham, Medway ME4 5SJ3
£237K02/210.12 mi40, Beaconsfield Road, Chatham, Medway ME4 5SW3
£170K07/210.12 mi9, Beaconsfield Road, Chatham, Medway ME4 5SW3
£295K07/230.12 mi10, Beaconsfield Road, Chatham, Medway ME4 5SW3
£175K02/210.12 mi21, Southill Road, Chatham, Medway ME4 5SA3
£195K01/210.13 mi28, Palmerston Road, Chatham, Medway ME4 5SR3
£176K02/210.14 mi9, Buller Road, Chatham, Medway ME4 5XA3
£305K07/230.14 mi16, Buller Road, Chatham, Medway ME4 5XA3
£267K11/230.14 mi77, Palmerston Road, Chatham, Medway ME4 6NE3
£177K12/200.15 mi46, Southill Road, Chatham, Medway ME4 5SB3
£349K08/230.16 mi16, Mitchell Avenue, Chatham, Medway ME4 6HJ3
£216K08/210.16 mi6, Redvers Road, Chatham, Medway ME4 5UU3
£216K01/230.16 mi7, Redvers Road, Chatham, Medway ME4 5UU3
£295K12/220.16 mi8, King Edward Road, Chatham, Medway ME4 6EA3
£250K04/210.17 mi38, King Edward Road, Chatham, Medway ME4 6EA3
£197K11/210.2 mi15, Natal Road, Chatham, Kent ME4 5PS3
£188K12/200.2 mi124, Dale Street, Chatham, Medway ME4 6QH3
£197K02/210.2 mi128, Dale Street, Chatham, Medway ME4 6QH3
£285K08/230.22 mi44, Chalkpit Hill, Chatham, Medway ME4 5SU3
£290K03/230.22 mi25, White Road, Chatham, Medway ME4 5UW3
£270K01/230.22 mi38, White Road, Chatham, Medway ME4 5TJ3
£315K09/210.23 mi39, Purbeck Road, Chatham, Medway ME4 6EE3
£180K04/210.24 mi27, Albert Road, Chatham, Medway ME4 5PY3
£245K08/210.24 mi67, White Road, Chatham, Medway ME4 5TJ3
£320K12/220.24 mi105, Palmerston Road, Chatham, Medway ME4 6NB3
£240K11/200.25 mi35, Mount Road, Chatham, Medway ME4 5RN3
£167K04/210.25 mi66, Glencoe Road, Chatham, Medway ME4 5QE3
£210K04/210.25 mi143, Rochester Street, Chatham, Medway ME4 6RX3
£225K10/200.25 mi243, Dale Street, Chatham, Medway ME4 6QP3
£272.5K07/230.25 mi243, Dale Street, Chatham, Medway ME4 6QP3
£233K05/230.25 mi3, Leopold Road, Chatham, Medway ME4 5SX3
£225K07/230.25 mi15, Leopold Road, Chatham, Medway ME4 5SX3
£175K09/210.26 mi21, Rochester Street, Chatham, Kent ME4 6RT3
£188K12/200.26 mi36, Albert Road, Chatham, Medway ME4 5PZ3
£235K04/210.26 mi26, Maidstone Road, Chatham, Medway ME4 6DG3
£234K05/210.26 mi68, Maidstone Road, Chatham, Medway ME4 6DG3

Local Rents

50 rents from £1.2K/mo to £3.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35006/240.07 miIngle Road Chatham ME43
£1,42505/240.07 mi-3
£1,60007/240.08 miIngle Road Chatham ME43
£1,25005/240.11 miIngle Road, Chatham3
£1,25005/240.12 miSouthill Road Chatham ME43
£1,25007/240.12 miSouthill Road Chatham ME43
£1,30008/240.12 miSouthill Road Chatham ME43
£1,50006/240.13 miMaidstone Road, Chatham, ME43
£3,10003/250.17 mi-3
£1,75005/240.17 mi-3
£1,37505/240.19 mi-3
£1,45002/250.19 mi-3
£1,35005/240.2 miDale Street, Chatham, Kent, ME43
£1,39505/240.2 mi-3
£2,95006/240.2 mi-3
£3,55007/240.2 mi-3
£1,30005/240.21 miDale Street, Chatham, Kent, ME43
£1,20008/240.21 miDale Street, Chatham, Kent, ME43
£1,35002/240.23 mi-3
£1,65005/240.24 miPalmerston Road Chatham ME43
£1,35005/240.25 miRochester Street, Chatham3
£1,35007/240.25 miMount Road, Chatham3
£1,35012/240.25 miLeopold Road, Chatham3
£1,30007/240.26 miSturla Road, Chatham3
£1,50003/250.26 mi-3
£1,40004/250.26 mi-3
£1,60005/240.26 miMaidstone Road, Chatham, Kent, ME43
£1,35005/240.26 miMount Road Chatham ME43
£2,20002/240.27 mi-3
£1,30005/240.29 miHerbert Road Chatham ME43
£1,30005/240.3 miHerbert Road, Chatham, Kent, ME43
£1,30005/240.32 miSturla Road, Chatham3
£1,40007/240.32 miOtway Street, Chatham, Kent, ME43
£1,40007/240.32 miOtway Street, Chatham, Kent, ME43
£1,60007/240.32 miPort Rise, Chatham, ME43
£1,60006/240.32 mi-3
£1,60007/240.32 mi-3
£1,35001/250.33 mi-3
£1,60304/250.34 mi-3
£1,50007/240.34 miGlenoce Road, Chatham3
£1,50007/240.37 miBalfour Road, Chatham, Kent, ME43
£1,40005/240.38 miBlenheim Avenue, Chatham3
£1,75004/250.39 mi-3
£1,70005/240.4 mi-3
£1,70005/240.4 miMagpie Hall Road, Chatham, ME43
£1,25005/240.41 miMagpie Hall Road, Chatham3
£1,48007/240.42 mi-3
£1,40006/240.42 miGrosvenor Avenue, Chatham3
£1,80012/240.42 mi-3
£1,50002/250.44 mi-3

Local Area Statistics

Population in ME4

30,244

Population in Chatham

82,044

Town centre distance

0.41 miles away

Nearest school

0.10 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £190,000

January 4, 2024

Sold for £34,500

1999

Sold for £31,775

1996

Floor Plans

Description

  • Short Walk to Chatham Train Station +
  • Close to High Street +
  • Two Reception Rooms +
  • Good Sized Rear Garden +
  • Basement +

SUMMARY
A Property With Huge Potential In Need Of Refurbishment, Situated In A Popular Area Of Chatham With Excellent Links To London & Chatham High Street Just A Short Walk Away. Featuring 2 Reception Rooms, 3 Bedrooms, Basement and Large Sized Rear Garden.

DESCRIPTION
Connells are delighted to bring to the market this 3 bedroom mid terrace house. This property is in need of some refurbishment making it a fantastic project for the right buyer. The property is situated just a short walk away from Chatham Train Station with high speed trains into central London and Chatham High Street within a few minutes walk with a host of shops and eateries. This house once refurbished will make a lovely family home or the ideal investment.

Lounge 9' 4" x 10' 7" ( 2.84m x 3.23m )

Dining Room 12' 3" x 9' 5" ( 3.73m x 2.87m )

Kitchen 9' 5" x 6' 3" ( 2.87m x 1.91m )

Landing 

Bedroom One 11' 6" x 9' 4" ( 3.51m x 2.84m )

Bedroom Two 11' 9" x 9' 5" ( 3.58m x 2.87m )

Bedroom Three 9' 4" x 6' 3" ( 2.84m x 1.91m )

Bathroom 

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the 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 as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Rainham

01634 949980

Next Steps?

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