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

33 Garden Street, Gillingham, Medway, ME7 5GB - 10 views - a year ago

Sold STC
BTL
ROI: 8%
66 m²
+4 photos

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.

PriceDateDistanceAddressBeds 
£170K08/210.04 miFlat 16, Conway Hall, Conway Mews, Brompton, Gillingham, Kent ME7 5BD2
£195K06/210.3 mi35, College Road, Chatham, Medway ME4 4JS2
£220K06/210.3 mi44, College Road, Chatham, Medway ME4 4JS2
£222K01/210.32 mi7, Marc Brunel Way, Chatham, Medway ME4 4BH2
£195K06/210.32 mi9, Marc Brunel Way, Chatham, Medway ME4 4BH2
£202K01/230.39 miFlat 66, The Eye, Barrier Road, Chatham, Medway ME4 4SD2
£190K08/210.4 miFlat 36, The Eye, Barrier Road, Chatham, Medway ME4 4SD2
£195K07/210.4 miFlat 17, The Eye, Barrier Road, Chatham, Medway ME4 4SD2
£90K11/220.54 mi50a, High Street, Gillingham, Medway ME7 1AZ2
£130K03/210.57 miFlat 23, Camborne Manor, Cross Street, Gillingham, Kent ME7 1JX2
£152K10/220.57 miFlat 4, Tintagel Manor, Skinner Street, Gillingham, Medway ME7 1LH2
£172.5K12/210.57 miFlat 3, Aylmer Court, Saunders Street, Gillingham, Medway ME7 1HX2
£200K01/230.57 miFlat 3, Aylmer Court, Saunders Street, Gillingham, Medway ME7 1HX2
£185K05/210.7 mi52b, High Street, Chatham, Medway ME4 4DS2
£166.5K12/200.73 miFlat 14b, Spembley House, New Road Avenue, Chatham, Medway ME4 6BA2
£310K10/220.81 miFlat 117, The Peninsula, Pegasus Way, Gillingham, Medway ME7 1GE2
£175K04/230.9 mi4, Bingley Road, Rochester, Medway ME1 1BZ2
£185K11/230.91 mi30, Port Rise, Chatham, Medway ME4 6NQ2
£205K08/230.91 mi18, Port Rise, Chatham, Medway ME4 6NQ2
£120K11/220.92 miFlat 1, Royal Oak House, Doust Way, Rochester, Medway ME1 1FF2
£165K08/230.96 mi51, Watersmeet, St Marys Island, Chatham, Medway ME4 3HD2
£235K01/230.96 mi74, Watersmeet, St Marys Island, Chatham, Medway ME4 3HD2
£260K10/230.97 mi7, Five Bells Lane, Rochester, Medway ME1 1BW2
£212.5K12/230.97 mi29, Watersmeet, St Marys Island, Chatham, Medway ME4 3HB2
£205K03/230.97 mi20, Watersmeet, St Marys Island, Chatham, Medway ME4 3HB2
£160K09/210.98 mi40, Jenkins Dale, Chatham, Medway ME4 5RB2
£293K12/220.99 mi44, Sandling Way, St Marys Island, Chatham, Medway ME4 3SB2
£217.5K09/220.99 miFlat 64, Lyon Court, High Street, Rochester, Medway ME1 1HX2
£215K01/211 miFlat 35, Lyon Court, High Street, Rochester, Medway ME1 1HX2

Local Rents

50 rents from £1.1K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,50005/240.08 mi-2
£1,50004/250.08 mi-2
£1,20012/240.11 mi-2
£1,09905/240.13 miFlat , The Old Coal Yard, Westcourt Street, Gillingham2
£1,10005/240.16 miPleasant Row, Gillingham2
£1,50006/240.16 miBrompton Hill Chatham ME42
£1,50007/240.16 miBrompton Hill Chatham ME42
£1,40001/250.25 mi-2
£1,30005/240.26 miCommissiners Court, Chatham2
£1,85003/250.37 mi-2
£1,35007/240.38 miBarrier Road, Chatham2
£1,47504/250.39 mi-2
£1,30005/240.39 miBarrier Road, Chatham, Kent, ME42
£1,40005/240.39 miWhiffens Avenue Chatham ME42
£1,45005/240.39 miWhiffens Avenue Chatham ME42
£1,40005/240.39 miWhiffens Avenue Chatham ME42
£1,50005/240.39 miWhiffens Avenue Chatham ME42
£1,45005/240.39 miWhiffens Avenue Chatham ME42
£1,40005/240.39 miWhiffens Avenue Chatham ME42
£1,55005/240.39 miWhiffens Avenue Chatham ME42
£1,50005/240.39 miWhiffens Avenue Chatham ME42
£1,40005/240.39 miWhiffens Avenue Chatham ME42
£1,49505/240.39 miWhiffens Avenue Chatham ME42
£1,59506/240.39 miWhiffens Avenue Chatham ME42
£1,59506/240.39 miWhiffens Avenue Chatham ME42
£1,59506/240.39 miWhiffens Avenue Chatham ME42
£1,59506/240.39 miWhiffens Avenue Chatham ME42
£1,59506/240.39 miWhiffens Avenue Chatham ME42
£1,59506/240.39 miWhiffens Avenue Chatham ME42
£1,59506/240.39 miWhiffens Avenue Chatham ME42
£1,64507/240.39 miWhiffens Avenue Chatham ME42
£1,59507/240.39 miWhiffens Avenue Chatham ME42
£1,59507/240.39 miWhiffens Avenue Chatham ME42
£1,59507/240.39 miWhiffens Avenue Chatham ME42
£1,59507/240.39 miWhiffens Avenue Chatham ME42
£1,59507/240.39 miWhiffens Avenue Chatham ME42
£1,59507/240.39 miWhiffens Avenue Chatham ME42
£1,55005/240.4 miThe Eye, Barrier Road, Chatham, Kent, ME42
£1,45005/240.4 miThe Eye, Barrier Road, Chatham, Kent, ME42
£1,45005/240.4 miThe Eye, Barrier Road, Chatham, Kent, ME42
£1,65001/250.41 mi-2
£1,55005/240.41 miWhiffens Avenue Chatham ME42
£1,55005/240.41 miWhiffens Avenue Chatham ME42
£1,55005/240.41 miWhiffens Avenue Chatham ME42
£1,55005/240.41 miWhiffens Avenue Chatham ME42
£1,45005/240.41 miWhiffens Avenue Chatham ME42
£1,15008/240.46 miWhiffens Avenue, Chatham2
£1,30005/240.47 miPrincess Mary Avenue, Chatham, ME42
£1,25012/240.53 mi-2
£1,10002/250.54 mi-2

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

  • 717.3 Square Feet +
  • 1.2 Miles to Medway Maritime Hospital +
  • Allocated Parking For Two Cars +
  • No Forward Chain +
  • Excellent local amenities. +
  • Viewing Highly Recommended +

Guide Price: £180,000 - £200,000

Robinson Michael and Jackson are delighted to offer this well presented two-bedroom ground floor flat Sold with no forward chain! located in the ever popular Brompton Area.

Key Terms
Discover the allure of Rainham and Gillingham, nestled in the heart of the Medway Towns. These neighbouring communities offer a unique blend of tranquillity and convenience, with picturesque landscapes and excellent transport links, including direct train services to London city centre. Residents benefit from a variety of shopping destinations such as Hempstead Valley Shopping Centre and Gillingham Business Retail Park, along with a plethora of local pubs and restaurants to enjoy. Both towns boast well-respected schools, including Rainham Mark Grammar, ensuring quality education for families.
Moreover, Rainham and Gillingham provide ample open space and recreational facilities, including Capstone Country Park, Berengrave Nature Reserve, Riverside Country Park, the Planet Ice Skating Rink, the Ski & Snowboard Centre, and Great Lines Heritage Park. This abundance of amenities caters to diverse interests and lifestyles, making these towns not just places to live, but communities to thrive in.

Agent Details

Robinson Michael & Jackson, Rainham

01634 561140

Next Steps?

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