3 Bed Flat, Single Let, Gillingham, ME7 5QY, £170,000

Pleasant Row, Gillingham, ME7 5QY - a year ago

Leasehold
BTL
ROI: 11%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£105K - £400K
Sold Prices/m²£3K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£210,800
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£1,200 - £2,100

Rent Estimate

£1,250

Running Costs/mo

£801

Cashflow/mo

£449

Cashflow/yr

£5,385

ROI

11%

Gross Yield

9%

Local Sold Prices

14 sold prices from £105K to £400K, average is £308K. £3K/m² to £3.8K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£150K03/210.1 mi132, Melville Court, Chatham, Medway ME4 4XL3
£228K10/220.91 mi185a, Canterbury Street, Gillingham, Medway ME7 5TU3
£216.5K11/220.98 mi10, Thorold Road, Chatham, Medway ME5 7EA3
£295K12/201.34 mi33, Little Victory Mount, St Marys Island, Chatham, Medway ME4 3TB3
£325K11/231.35 mi35, Goldcrest Drive, St Marys Island, Chatham, Medway ME4 3SD3
£321K12/221.36 mi51, Phalarope Way, St Marys Island, Chatham, Medway ME4 3JN3
£105K06/231.4 miFlat 1, Mereworth House, Cypress Court, Rochester, Medway ME2 4PX3
£160K03/211.4 miFlat 8, Mereworth House, Cypress Court, Rochester, Medway ME2 4PX3
£400K01/231.43 mi28, Sealand Court, Rochester, Medway ME1 1QH3
£335K01/211.43 mi1, Sealand Court, Rochester, Medway ME1 1QH3
£400K11/231.43 mi21, Sealand Court, Rochester, Medway ME1 1QH3
£372.5K04/211.49 miFlat 53, Bridge House, Valetta Way, Rochester, Medway ME1 1LQ3
£160K05/231.91 miFlat 17, Kingsdale Court, Hopewell Drive, Chatham, Medway ME5 7NN3
£377.5K01/212.85 mi330, Lords Wood Lane, Chatham, Medway ME5 8JT3

Local Rents

51 rents from £1.2K/mo to £2.1K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,49504/250.55 mi-3
£1,65007/240.58 miRoyal Sovereign Avenue, Chatham3
£1,30005/240.59 miMill Road, Gillingham3
£1,30006/240.64 miBritton Street Gillingham ME73
£1,50004/250.65 mi-3
£1,35007/240.69 miCharter Street, Chatham, Kent, ME43
£1,50012/240.69 mi-3
£1,49505/240.7 miSaxton Street, Gillingham, Kent, ME73
£1,45002/240.74 mi-3
£1,60012/240.74 mi-3
£1,60001/250.74 mi-3
£1,40005/240.75 miTrinity Road , Gillingham , Kent3
£2,10005/240.75 mi-3
£2,10002/240.75 mi-3
£1,39502/250.76 mi-3
£1,40005/240.77 miCollege Avenue Gillingham ME73
£1,60005/240.77 miMarlborough Road, Gillingham, Kent, ME73
£1,65012/240.78 mi-3
£1,20012/240.79 mi-3
£2,00007/240.79 miWheelwrights Way, Colonial Wharf3
£2,00007/240.79 miWheelwrights Way, Colonial Wharf3
£1,49504/250.79 mi-3
£1,95007/240.82 miPortside View, Colonial Wharf3
£1,35003/240.82 mi, Gillingham, Kent, ME73
£2,00006/240.83 miQuaterdeck Walk, Colonial Wharf3
£2,00007/240.83 miQuarterdeck Walk, Colonial Wharf3
£2,00007/240.83 miQuarterdeck Walk, Colonial Wharf3
£2,00007/240.83 miQuarterdeck Walk, Colonial Wharf3
£2,00007/240.83 miQuarterdeck Walk, Colonial Wharf3
£2,00007/240.83 miQuarterdeck Walk, Colonial Wharf3
£1,60002/250.83 mi-3
£1,42511/240.84 mi-3
£1,50005/240.84 mi-3
£1,55001/250.84 mi-3
£1,40008/240.85 mi-3
£1,35007/240.85 miSt. Bartholomews Terrace, Rochester, ME13
£1,80003/250.86 mi-3
£1,60003/250.86 mi-3
£1,45002/250.87 mi-3
£1,45004/250.87 mi-3
£1,30005/240.88 miKing Street,Gillingham,ME73
£1,75012/240.88 mi-3
£1,75502/250.88 mi-3
£1,75003/250.88 mi-3
£1,35012/240.89 mi-3
£1,35005/240.89 miRichmond Road, Gillingham3
£1,35005/240.89 miRichmond Road, Gillingham3
£1,30006/240.89 miRichmond Road Gillingham ME73
£1,35001/250.89 mi-3
£1,50002/250.9 mi-3
£1,25005/240.9 miSidney Road, Gillingham, Kent, ME73

Local Area Statistics

Population in ME7

51,293

Population in Gillingham

115,061

Town centre distance

2.58 miles away

Nearest school

0.50 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 £170,000

May 17, 2024

Floor Plans

Description

  • Just reduced offers in region of £170,000 +
  • Top-floor 3-bedroom flat +
  • Split-level design for efficient space use +
  • Stunning views of Brompton +
  • Open-plan living and kitchen area +
  • Well-equipped kitchen with modern appliances +
  • Spacious double bedroom with split-level option +
  • Family bathroom with shower overhead +
  • Close proximity to train stations and bus network +
  • Nearby reputable schools and amenities +

**Yopa is delighted to present this charming top-floor 3-bedroom flat in Pleasant Row, Brompton. Featuring a split-level layout, this well-maintained property optimizes its available space, making it an excellent investment or ideal for first-time buyers.  JUST REDUCED - Offers in the region of £170,000
**
Situated on the top floor, this residence offers breathtaking panoramic views of Brompton from every vantage point.

Upon entering the bright and airy hallway, you'll find all rooms branching off from this central space. Continuing down the corridor, you'll discover the expansive open-plan living and kitchen area, serving as the heart of the home. The kitchen is fully equipped with an electric oven, gas hob, and extractor fan, as well as ample room for a washing machine and a standalone fridge/freezer. It boasts a mix of base and wall units, providing both storage and countertop space. Additionally, there is the convenience of an airing cupboard in this area.

Bedroom 1 is a generously proportioned double room, with access via a staircase to the split-level area that houses bedroom 2. This unique design allows for privacy in both rooms, or it can be used as an extension of the first bedroom, or even as a home office space. Bedroom 3 is a well-appointed single bedroom.

The family bathroom features a sink, a bath with an overhead shower, and a low-level WC.

Nestled in a prime location, this property is in close proximity to local amenities. Commuters will find Gillingham, Chatham, and Rochester Train Stations within a mile, offering direct links to London and beyond. Additionally, the efficient local bus network allows for convenient travel around the Medway towns. For families, both Brompton Westbrook Primary and The Brompton Academy are a short stroll away, with the Ofsted Outstanding Fort Pitt Grammar School just one mile distant.

This presents an exceptional opportunity for ownership or investment. Contact us today to schedule your viewing.

Leasehold Term: 105 Yrs Remaining Service Charge: TBC  Ground Rent: TBC EPC band: C Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, South East & London

01322 952994

Next Steps?

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