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6 Bed HMO, Gillingham, ME7 5PE £400,000
Windmill Road, Gillingham, Kent. ME7 5PE - 17 views - 2 years ago
Sold STC
HMO
ROI: 10%
~145 m²
ValuationUndervalued
| Sold Prices | £395K - £980K |
| Sold Prices/m² | £2.7K/m² - £5.2K/m² |
| |
Square Metres | ~144.53 m² |
| Price/m² | £2.8K/m² |
Value Estimate | £428,771 |
| BMV | 7% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £100,000 |
Stamp Duty & Legal Fees | £20,700 |
Total Cash In | £120,700 |
| |
Cash Out | |
Room Rate | £633 |
Gross Rent | £3,798 |
Running Costs/mo | £2,741 |
Cashflow/mo | £1,057 |
Cashflow/yr | £12,689 |
ROI | 11% |
Gross Yield | 11% |
Local Sold Prices
24 sold prices from £395K to £980K, average is £611.5K. £2.7K/m² to £5.2K/m², average is £3.4K/m².
Local Area Statistics
Population in ME7 | 51,293 |
Population in Gillingham | 115,061 |
Town centre distance | 1.56 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 0.68 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +1% |
Sales demand | Balanced market |
Capital growth (5yrs) | +27% |
Property History
Listed for £400,000
May 8, 2024
Floor Plans
Description
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