2 Bed Flat, Single Let, Gillingham, ME7 5GB, £180,000





ValuationFair Value
Sold Prices | £90K - £310K |
Sold Prices/m² | £1.3K/m² - £5.1K/m² |
| |
Square Metres | 66 m² |
Price/m² | £2.7K/m² |
Value Estimate | £182,137 |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £45,000 |
Stamp Duty & Legal Fees | £6,600 |
Total Cash In | £51,600 |
| |
Cash Out | |
Rent Range | £1,099 - £1,850 |
Rent Estimate | £1,163 |
Running Costs/mo | £815 |
Cashflow/mo | £348 |
Cashflow/yr | £4,175 |
ROI | 8% |
Gross Yield | 8% |
Local Sold Prices
29 sold prices from £90K to £310K, average is £195K. £1.3K/m² to £5.1K/m², average is £2.9K/m².
Local Rents
50 rents from £1.1K/mo to £1.9K/mo, average is £1.5K/mo.
Local Area Statistics
Population in ME7 | 51,293 |
Population in Gillingham | 115,061 |
Town centre distance | 2.47 miles away |
Nearest school | 0.40 miles away |
Nearest train station | 0.84 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +9% |
Sales demand | Seller's market |
Capital growth (5yrs) | +20% |
Property History
Listed for £180,000
March 6, 2024
Sold for £163,000
2014
Sold for £142,995
2006
Sold for £112,500
2002
Floor Plans


Description
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