2 Bed Flat, Single Let, Chatham, ME4 5NT £170,000

Mary Court, Chatham, ME4 5NT - 3 views - 2 years ago
Leasehold
BTL
ROI: 6%
~55 m²
Property image

ValuationOvervalued

Sold Prices£60K - £235K
Sold Prices/m²£1.2K/m² - £4.5K/m²

 

 

Square Metres

~55.32 m²
Price/m²£3.1K/m²

Value Estimate

£144,683

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£10,600

Total Cash In

£53,100

 

 

Cash Out

 

Rent Range

£775 - £1,350

Rent Estimate

£1,012

Running Costs/mo

£754

Cashflow/mo

£258

Cashflow/yr

£3,100

ROI

6%

Gross Yield

7%

Local Sold Prices

44 sold prices from £60K to £235K, average is £185K. £1.2K/m² to £4.5K/m², average is £2.8K/m².

Price
Date
Distance
Address
Beds
 
£163K10/210.01 mi42, Mary Court, Chatham, Medway ME4 5NT2
£175K12/220.01 mi15, Mary Court, Chatham, Medway ME4 5NT2
£155K06/210.08 mi38, Steven Close, Chatham, Medway ME4 5NG2
£149K03/230.32 mi123, Maida Road, Chatham, Medway ME4 5ED2
£170K01/230.34 mi77, Maida Road, Chatham, Medway ME4 5EB2
£71.8K04/250.38 miFlat 70, 397 Pembroke Court, High Street, Chatham ME4 4PG2
£60K03/250.38 miFlat 12a, Pembroke Court, High Street, Chatham ME4 4PG2
£60K03/250.38 miFlat 12a, Pembroke Court, High Street, Chatham ME4 4PG2
£71.8K04/250.38 miFlat 70, 397 Pembroke Court, High Street, Chatham ME4 4PG2
£170K11/240.39 mi29, Armada Way, Chatham ME4 6PH2
£185K11/210.41 mi26, Armada Way, Chatham, Medway ME4 6PH2
£177K09/210.41 mi8, Armada Way, Chatham, Kent ME4 6PH2
£195K01/230.41 mi5, Armada Way, Chatham, Medway ME4 6PH2
£185K11/230.43 mi30, Port Rise, Chatham, Medway ME4 6NQ2
£205K08/230.43 mi18, Port Rise, Chatham, Medway ME4 6NQ2
£197K11/240.43 mi34, Port Rise, Chatham ME4 6NQ2
£195K09/220.49 mi195, Constitution Road, Chatham, Medway ME5 7DJ2
£165K03/230.5 mi70, Upper Luton Road, Chatham, Medway ME5 7BQ2
£219K10/240.64 mi5 Kincaid House, 4, Birkdale Close, Chatham ME5 0FJ2
£219K10/240.64 mi4, 5 Kincaid House, Birkdale Close, Chatham ME5 0FJ2
£75K11/240.66 miBeacon House, 88a, Beacon Road, Chatham ME5 7BS2
£75K11/240.66 mi88a, Beacon House, Beacon Road, Chatham ME5 7BS2
£220K10/230.73 miAlbany House, Flat 8, Albany Terrace, Chatham ME4 6TH2
£157K12/210.79 miFlat 7, Blenheim Court, Boundary Road, Chatham, Medway ME4 6UJ2
£197K02/250.8 mi26, Ward View, Darland, Chatham ME5 7FD2
£197K02/250.8 mi26, Ward View, Darland, Chatham ME5 7FD2
£190K08/210.83 miFlat 36, The Eye, Barrier Road, Chatham, Medway ME4 4SD2
£195K07/210.83 miFlat 17, The Eye, Barrier Road, Chatham, Medway ME4 4SD2
£220K03/250.83 miFlat 24, The Eye, Barrier Road, Chatham ME4 4SD2
£195K03/250.83 miFlat 65, The Eye, Barrier Road, Chatham ME4 4SD2
£195K03/250.83 miFlat 65, The Eye, Barrier Road, Chatham ME4 4SD2
£220K03/250.83 miFlat 24, The Eye, Barrier Road, Chatham ME4 4SD2
£202K01/230.84 miFlat 66, The Eye, Barrier Road, Chatham, Medway ME4 4SD2
£190K10/240.84 mi8, Ward View, Darland, Chatham ME5 7FD2
£190K10/240.84 mi8, Ward View, Darland, Chatham ME5 7FD2
£157.5K09/220.88 miFlat 38, Kingsdale Court, Hopewell Drive, Chatham, Medway ME5 7NN2
£150K11/220.88 miFlat 43, Kingsdale Court, Hopewell Drive, Chatham, Medway ME5 7NN2
£160K02/230.9 miTop Flat, 8b, Stuart Road, Gillingham, Medway ME7 4AA2
£170K03/250.9 miFlat 12, Lea Court, Huntsmans Close, Rochester ME1 2RF2
£190K12/220.92 mi10, Solent Gardens, Chatham, Medway ME5 7TB2
£165K10/210.95 mi49, Wiltshire Close, Chatham, Medway ME5 7SR2
£235K03/250.99 mi386 Flat 1, Wilson Avenue, Rochester ME1 2ST2
£235K03/250.99 mi386 Flat 1, Wilson Avenue, Rochester ME1 2ST2
£175K04/230.99 mi4, Bingley Road, Rochester, Medway ME1 1BZ2

Local Rents

50 rents from £775/mo to £1.4K/mo, average is £1.2K/mo.

Rent
Date
Distance
Address
Beds
 
£1,25006/250.01 miMary Court, Chatham, ME42
£95008/240.01 mi-2
£1,20007/240.01 mi-2
£1,20002/250.01 mi-2
£1,25006/250.01 mi-2
£95009/250.01 mi-2
£1,15007/240.01 miMary Court, Chatham, ME5 2
£1,15008/250.01 miMary Court, Chatham, ME42
£1,15008/250.01 mi-2
£1,20011/250.02 miDiana Road, Chatham, Kent, ME42
£85008/250.02 miDiana Road, Chatham2
£89008/250.02 miDiana Road, Chatham, Kent, ME42
£87507/250.03 miDiana Road, Chatham, Kent, ME42
£1,30002/250.07 mi-2
£1,20011/250.07 mi-2
£1,25008/250.07 mi-2
£1,35007/240.07 miErnest Road, Chatham, Kent, ME42
£80008/240.08 miSturla Road, Chatham2
£1,35005/250.08 mi-2
£90008/250.08 miSteven Close, Chatham, Kent, ME42
£1,25007/240.08 miGlencoe Road, Chatham, Kent, ME42
£1,20010/250.09 miSturla Road, Chatham2
£1,35006/250.09 miMagpie Hall Road, Chatham, Kent, ME42
£1,30009/250.09 miMagpie Hall Road, CHATHAM2
£1,25011/250.09 miMagpie Hall Road, CHATHAM2
£1,30010/250.09 miMelbourne Road, Chatham, Kent, ME42
£77507/250.1 miMelbourne Road, Chatham2
£77507/250.1 miMelbourne Road, Chatham, Kent, ME42
£1,30010/250.1 miMelbourne Road, Chatham, ME42
£1,15008/250.1 miMelbourne Road, Chatham, Kent, ME42
£1,15007/250.11 mi-2
£1,15009/250.11 miMelbourne Road, Chatham, Kent, ME42
£1,25010/250.11 miAlbert Road, Chatham. ME42
£1,27509/250.11 miMelbourne Road, Chatham, ME42
£1,19511/250.11 miMelbourne Road, Chatham, ME42
£1,19510/250.11 mi-2
£1,27510/250.11 mi-2
£1,25010/250.11 miMelbourne Road, Chatham2
£1,15004/250.12 mi-2
£1,35005/250.12 mi-2
£79507/250.12 miMelbourne Road, Chatham, ME42
£1,25011/250.13 miEast Street, Chatham. ME42
£1,20007/250.13 miPortland Street, Chatham, ME42
£1,20011/250.13 miGordon Road, Chatham2
£1,25010/250.13 miMelbourne Road, CHATHAM2
£1,15006/250.13 miGordon Road, Chatham, Kent, ME42
£1,25007/240.13 mi-2
£1,25011/250.13 mi-2
£1,30003/250.14 mi-2
£1,15011/250.14 miSymons Avenue, Chatham, Kent, ME42

Local Area Statistics

Population in ME4

30,244

Population in Chatham

82,044

Town centre distance

0.44 miles away

Nearest school

0.20 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Price changed to £170,000

May 15, 2025

Listed for £180,000

February 22, 2024

Floor Plans

Property image

Description

  • Great Location +
  • Allocated Parking +
  • Balcony Area +
  • Communal Garden +
  • Close To Local Links +
  • A Real Must View +

Step into this inviting two-bedroom second-floor apartment, meticulously maintained and presented in excellent condition, making it an ideal choice for a first-time buyer. One of its key features is the convenience of allocated parking.

The spacious lounge opens up to a generously sized balcony, providing a picturesque vantage point with stunning views of the surrounding area. Positioned in close proximity to the heart of Chatham, this residence is conveniently located within walking distance of the town centre and the mainline station.

Upon entering, a hallway welcomes you with access to the bedrooms, bathroom, lounge, and kitchen, along with a built-in storage cupboard. The lounge/diner is bathed in natural light, boasting ample windows that offer a bright and airy ambiance. There is ample space for a dining table and a large corner suite if desired. A door from the lounge opens to a spacious balcony, offering a delightful space for evenings with a cup of tea or a glass of prosecco.

The well-planned kitchen is equipped with a range of built-in units, complemented by plenty of work surface space, and a rear window adds to the functionality of the space. Both bedrooms are situated next to each other, with a noteworthy mention that bedroom two could be flexibly utilized as a dining room if a second bedroom is not immediately needed. The updated bathroom features a modern suite, including a panel bath, overhead shower unit, pedestal wash hand basin, and a WC.

Outside, the communal gardens surround the property, enhancing the overall appeal, and allocated parking is conveniently situated in close proximity. This residence seamlessly combines comfort, convenience, and scenic views, making it a standout choice for those seeking a welcoming home in a well-connected location.

Agent Details

haart, Strood

01634 949635

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪