3 Bed Terraced House, Refurb/BRRR, Chatham, ME4 5SE, £175,000

Ingle Road, Chatham, Kent, ME4 5SE - 7 views - a year ago

Sold STC
Auction
BTL
Refurb/BRRR
ROI: 4%
~93 m²
+4 photos

ValuationFair Value

Sold Prices£170K - £349K
Sold Prices/m²£1.8K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£178,500

 

 

End Value (After Refurb)

£267,174

Uplift in Value

+53%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£45,600

Bridging Loan Interest

£4,594

Total Cash In

£102,144

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£267,174

Agent Fees (1%)

£2,672

Bridging Loan

£131,250

Bridging Loan Interest

£4,594

Flip Profit

£31,108

Local Sold Prices

51 sold prices from £170K to £349K, average is £233K. £1.8K/m² to £3.9K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£285K08/210 mi68, Ingle Road, Chatham, Medway ME4 5SE3
£175K10/200.02 mi1, Ingle Road, Chatham, Medway ME4 5SD3
£242K03/210.02 mi63, Ingle Road, Chatham, Medway ME4 5SD3
£235K07/210.02 mi13, Ingle Road, Chatham, Medway ME4 5SD3
£220K11/210.02 mi51, Ingle Road, Chatham, Medway ME4 5SD3
£175K02/210.05 mi56, Charter Street, Chatham, Medway ME4 5RZ3
£235K02/230.07 mi101, Charter Street, Chatham, Medway ME4 5RY3
£250K10/230.08 mi88, Holcombe Road, Chatham, Medway ME4 5RX3
£177K12/200.09 mi46, Southill Road, Chatham, Medway ME4 5SB3
£175K02/210.09 mi21, Southill Road, Chatham, Medway ME4 5SA3
£295K12/220.11 mi8, King Edward Road, Chatham, Medway ME4 6EA3
£250K04/210.11 mi38, King Edward Road, Chatham, Medway ME4 6EA3
£237K02/210.13 mi40, Beaconsfield Road, Chatham, Medway ME4 5SW3
£170K07/210.13 mi9, Beaconsfield Road, Chatham, Medway ME4 5SW3
£295K07/230.13 mi10, Beaconsfield Road, Chatham, Medway ME4 5SW3
£201K11/200.14 mi9, Cottall Avenue, Chatham, Medway ME4 6HG3
£205K02/230.14 mi52, Cottall Avenue, Chatham, Medway ME4 6HG3
£176.8K07/230.14 mi3, Cottall Avenue, Chatham, Medway ME4 6HG3
£176.8K07/230.14 mi3, Cottall Avenue, Chatham, Medway ME4 6HG3
£188K12/200.15 mi124, Dale Street, Chatham, Medway ME4 6QH3
£197K02/210.15 mi128, Dale Street, Chatham, Medway ME4 6QH3
£228K08/210.15 mi9, St Leonards Avenue, Chatham, Medway ME4 6HE3
£215K10/230.15 mi17, St Leonards Avenue, Chatham, Medway ME4 6HE3
£247.5K12/230.15 mi29, St Leonards Avenue, Chatham, Medway ME4 6HE3
£195K01/210.15 mi28, Palmerston Road, Chatham, Medway ME4 5SR3
£283K09/230.16 mi140, Palmerston Road, Chatham, Medway ME4 5SJ3
£176K02/210.18 mi9, Buller Road, Chatham, Medway ME4 5XA3
£305K07/230.18 mi16, Buller Road, Chatham, Medway ME4 5XA3
£175K09/210.18 mi21, Rochester Street, Chatham, Kent ME4 6RT3
£235K04/210.19 mi26, Maidstone Road, Chatham, Medway ME4 6DG3
£234K05/210.19 mi68, Maidstone Road, Chatham, Medway ME4 6DG3
£300K07/230.19 mi58, Maidstone Road, Chatham, Medway ME4 6DG3
£318.5K08/230.2 mi132, Rochester Street, Chatham, Medway ME4 6RS3
£287.5K04/230.2 mi148, Rochester Street, Chatham, Medway ME4 6RS3
£240K11/200.2 mi35, Mount Road, Chatham, Medway ME4 5RN3
£216K08/210.21 mi6, Redvers Road, Chatham, Medway ME4 5UU3
£216K01/230.21 mi7, Redvers Road, Chatham, Medway ME4 5UU3
£223K05/210.21 miDunlin, Corkwell Street, Chatham, Medway ME4 6RY3
£285K08/230.21 mi44, Chalkpit Hill, Chatham, Medway ME4 5SU3
£267K11/230.22 mi77, Palmerston Road, Chatham, Medway ME4 6NE3
£197K11/210.22 mi15, Natal Road, Chatham, Kent ME4 5PS3
£210K04/210.22 mi143, Rochester Street, Chatham, Medway ME4 6RX3
£205K02/210.22 mi50, Pagitt Street, Chatham, Medway ME4 6RE3
£250K03/210.22 mi54, Pagitt Street, Chatham, Medway ME4 6RE3
£349K08/230.23 mi16, Mitchell Avenue, Chatham, Medway ME4 6HJ3
£237K01/230.23 mi30, Mount Road, Chatham, Medway ME4 5RP3
£225K10/200.25 mi243, Dale Street, Chatham, Medway ME4 6QP3
£272.5K07/230.25 mi243, Dale Street, Chatham, Medway ME4 6QP3
£315K09/210.25 mi39, Purbeck Road, Chatham, Medway ME4 6EE3
£180K04/210.26 mi27, Albert Road, Chatham, Medway ME4 5PY3
£233K05/230.26 mi3, Leopold Road, Chatham, Medway ME4 5SX3

Local Rents

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

RentDateDistanceAddressBeds 
£1,60007/240 miIngle Road Chatham ME43
£1,35006/240.02 miIngle Road Chatham ME43
£1,25005/240.06 miIngle Road, Chatham3
£1,50006/240.07 miMaidstone Road, Chatham, ME43
£1,25005/240.09 miSouthill Road Chatham ME43
£1,25007/240.09 miSouthill Road Chatham ME43
£1,30008/240.09 miSouthill Road Chatham ME43
£3,10003/250.1 mi-3
£1,45002/250.13 mi-3
£2,95006/240.14 mi-3
£3,55007/240.14 mi-3
£1,39505/240.15 mi-3
£1,42505/240.15 mi-3
£1,35005/240.15 miDale Street, Chatham, Kent, ME43
£1,37505/240.16 mi-3
£1,75005/240.17 mi-3
£1,50003/250.19 mi-3
£1,30005/240.19 miDale Street, Chatham, Kent, ME43
£1,20008/240.19 miDale Street, Chatham, Kent, ME43
£1,35005/240.19 miRochester Street, Chatham3
£1,60005/240.19 miMaidstone Road, Chatham, Kent, ME43
£2,20002/240.2 mi-3
£1,35007/240.2 miMount Road, Chatham3
£1,35005/240.22 miMount Road Chatham ME43
£1,35002/240.25 mi-3
£1,35012/240.26 miLeopold Road, Chatham3
£1,60006/240.26 mi-3
£1,60007/240.26 mi-3
£1,60007/240.26 miPort Rise, Chatham, ME43
£1,30005/240.28 miHerbert Road Chatham ME43
£1,40004/250.29 mi-3
£1,30005/240.29 miHerbert Road, Chatham, Kent, ME43
£1,30007/240.3 miSturla Road, Chatham3
£1,65005/240.32 miPalmerston Road Chatham ME43
£1,40005/240.32 miBlenheim Avenue, Chatham3
£1,40007/240.33 miOtway Street, Chatham, Kent, ME43
£1,40007/240.33 miOtway Street, Chatham, Kent, ME43
£1,30005/240.35 miSturla Road, Chatham3
£1,60304/250.36 mi-3
£1,40006/240.36 miGrosvenor Avenue, Chatham3
£1,50002/250.36 mi-3
£1,80012/240.37 mi-3
£1,50007/240.37 miBalfour Road, Chatham, Kent, ME43
£1,35001/250.39 mi-3
£1,40006/240.39 miFort Pitt Street, Chatham, Kent, ME43
£1,50007/240.39 miGlenoce Road, Chatham3
£1,75004/250.42 mi-3
£1,39505/240.42 miBoundary Road, CHATHAM3
£1,30007/240.42 miBoundary Road, Chatham3
£1,75006/240.44 miThe Chase Chatham ME43

Local Area Statistics

Population in ME4

30,244

Population in Chatham

82,044

Town centre distance

0.48 miles away

Nearest school

0.10 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £175,000

May 16, 2024

Floor Plans

Description

  • Victorian terraced house in need of some updating +
  • Excellent choice for investors +
  • Popular area, close to railway station and great for local schools +
  • For sale by Modern Auction - T&Cs apply +
  • Subject to undisclosed Reserve Price, Buyer's fees apply +

This Victorian terrace house is perfect for a couple who want a home in need of complete updating, that they can put their own stamp on and make their own. With 3 separate bedrooms (rather than one leading off the other as can often be the case with houses of style). These factors also make it a good choice for a landlord looking for a buy to let investment opportunity. The location is great for commuters, walking distance to the railway station as well as the town centre. This property is for sale by Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with Auctioneer, iamsold.  
Please refer to the footnote regarding the services and appliances.

Room sizes:

  • Entrance Hallway
  • Lounge: 10'3 x 9'11 (3.13m x 3.02m)
  • Dining Area: 13'1 x 10'9 (3.99m x 3.28m)
  • Kitchen: 10'4 x 7'11 (3.15m x 2.41m)
  • Shower Room
  • Landing
  • Bedroom 1: 13'4 x 9'11 (4.07m x 3.02m)
  • Bedroom 2: 13'1 x 8'9 (3.99m x 2.67m)
  • Bedroom 3: 10'2 x 7'11 (3.10m x 2.41m)
  • Rear Garden  

    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Wards, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.
    _

Agent Details

Wards, Chatham

01634 959314

Next Steps?

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