4 Bed Terraced House, Refurb/BRRR, Chatham, ME5 0TF, £280,000

Harptree Drive, Walderslade, ME5 0TF - 1 views - a year ago

Refurb/BRRR
ROI: 3%
~84 m²
+8 photos

ValuationUndervalued

Sold Prices£287K - £735K
Sold Prices/m²£2.6K/m² - £6.4K/m²

 

 

Square Metres

~83.60 m²
Price/m²£3.3K/m²

Value Estimate

£288,400
BMV3%

 

 

End Value (After Refurb)

£304,055

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£40,991

Bridging Loan Interest

£7,350

Total Cash In

£136,791

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£304,055

Mortgage (After Refinance)

£228,041

Mortgage LTV

75%

Cash Released

£18,041

Cash Left In

£118,749

Equity

£76,014

Rent Range

£1,300 - £2,800

Rent Estimate

£1,643

Running Costs/mo

£1,299

Cashflow/mo

£344

Cashflow/yr

£4,131

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £287K to £735K, average is £425K. £2.6K/m² to £6.4K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£620K06/210.13 mi152, Snodhurst Avenue, Chatham, Medway ME5 0TN4
£590K08/210.13 mi166, Snodhurst Avenue, Chatham, Medway ME5 0TN4
£385K06/230.21 mi7, Madden Avenue, Chatham, Medway ME5 9TJ4
£330K03/210.3 mi21, Holland Road, Chatham, Medway ME5 9TN4
£300.3K06/210.35 mi19, Bleakwood Road, Chatham, Medway ME5 0NF4
£350K12/210.36 mi46, Speedwell Avenue, Chatham, Medway ME5 0RX4
£335K11/210.4 mi31, Hurstwood, Chatham, Medway ME5 0XJ4
£315K05/210.42 mi31, Winchester Avenue, Chatham, Medway ME5 9AR4
£385K11/200.44 mi264, Walderslade Road, Chatham, Medway ME5 0PA4
£388K06/210.45 mi47, Thorndale Close, Chatham, Medway ME5 9SW4
£570K04/210.45 mi63, Thorndale Close, Chatham, Kent ME5 9SW4
£315K12/210.46 mi23, Walderslade Road, Chatham, Medway ME5 0JA4
£390K08/230.46 mi17, Rugby Close, Chatham, Medway ME5 9AU4
£400K06/210.48 mi16, Hampton Close, Chatham, Kent ME5 7RB4
£455K10/220.48 mi22, Hampton Close, Chatham, Medway ME5 7RB4
£465K03/210.48 mi55, Elliotts Way, Chatham, Medway ME4 6EF4
£415K03/230.52 mi32, Glamis Close, Chatham, Medway ME5 7QQ4
£383.5K01/210.53 mi23, Chestnut Avenue, Chatham, Medway ME5 9AH4
£441K03/230.53 mi4, Highgrove Road, Chatham, Medway ME5 7QE4
£450K07/230.53 mi19, Highgrove Road, Chatham, Medway ME5 7QE4
£380K07/210.53 mi5, Highgrove Road, Chatham, Medway ME5 7QE4
£287K08/210.55 mi107, Sussex Drive, Chatham, Kent ME5 0NR4
£340K06/210.57 mi2, The Wirrals, Chatham, Medway ME5 0NT4
£535K04/230.59 mi4, Primrose Close, Chatham, Medway ME4 6HZ4
£510K06/210.59 mi6, Primrose Close, Chatham, Medway ME4 6HZ4
£505K06/220.59 mi8, Primrose Close, Chatham, Medway ME4 6HZ4
£395K04/210.62 mi14, Peacock Rise, Chatham, Medway ME5 8RN4
£492K05/220.62 mi61, The Ridgeway, Chatham, Medway ME4 6PB4
£450K08/210.63 mi83, Princes Avenue, Chatham, Medway ME5 8AY4
£402K03/210.63 mi85, Princes Avenue, Chatham, Medway ME5 8AY4
£340K02/210.64 mi3, Downland Walk, Chatham, Medway ME5 8AF4
£495K12/200.65 mi46, Princes Avenue, Chatham, Kent ME5 8AQ4
£420K11/210.67 mi108, Princes Avenue, Chatham, Medway ME5 8AH4
£468K01/210.69 mi43, York Avenue, Walderslade, Chatham, Medway ME5 9ER4
£440K12/220.7 mi46, Marston Close, Chatham, Medway ME5 9BY4
£500K06/210.7 miThe Finneys, Rochester Road, Chatham, Medway ME5 9SB4
£472K07/230.71 mi5, Marston Walk, Chatham, Kent ME5 9BZ4
£405K12/220.71 mi4, Marston Walk, Chatham, Medway ME5 9BZ4
£320K12/200.73 mi50, Sundridge Drive, Chatham, Medway ME5 8HT4
£375K03/210.73 mi1, Tenterden Road, Chatham, Medway ME5 7ND4
£640K03/210.73 mi268, Maidstone Road, Chatham, Medway ME4 6JL4
£650K10/220.73 mi260, Maidstone Road, Chatham, Medway ME4 6JL4
£700K03/210.73 mi155, Maidstone Road, Chatham, Medway ME4 6JG4
£735K11/220.73 mi173, Maidstone Road, Chatham, Medway ME4 6JG4
£520K11/210.74 mi83, Wilson Avenue, Rochester, Medway ME1 2SJ4
£360K12/220.74 mi1b, Birchfields, Chatham, Medway ME5 8AE4
£358K07/230.74 mi21, Brendon Avenue, Chatham, Medway ME5 8JG4
£500K01/230.74 mi2, Wopsle Close, Rochester, Medway ME1 2DZ4
£430K03/210.74 mi19, Wopsle Close, Rochester, Medway ME1 2DZ4
£470K12/220.75 mi154, Wilson Avenue, Rochester, Medway ME1 2SL4

Local Rents

18 rents from £1.3K/mo to £2.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,50006/240.06 miQuickthorn Crescent, Walderslade, Chatham, Kent, ME53
£1,95007/240.07 miSnodhurst Avenue, Walderslade4
£1,45005/240.07 mi-3
£1,45005/240.1 mi-3
£1,45004/250.14 mi-3
£1,30005/240.19 miMeadside Walk, Walderslade3
£1,90003/250.36 mi-3
£1,40006/240.37 miKing George Road, Chatham, Kent, ME53
£1,60007/240.38 miGreenway, Chatham3
£1,50005/240.43 miChurchill Avenue, Chatham, Kent, ME53
£1,50005/240.43 miChurchill Avenue Chatham ME53
£1,50005/240.43 miChurchill Avenue, Chatham, Kent, ME53
£1,80012/240.46 mi-3
£1,70005/240.48 miHampton Close, Chatham, Kent, ME54
£1,78005/240.48 miElliotts Way, Chatham, Kent, ME43
£1,40007/240.49 miWoodhurst, Chatham3
£1,40007/240.58 miSussex Drive, Chatham , Kent 3
£2,80004/250.6 mi-4

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

1.28 miles away

Nearest school

0.30 miles away

Nearest train station

2.05 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Price changed to £280,000

February 28, 2025

Price changed to £290,000

January 31, 2025

Listed for £300,000

June 10, 2024

Floor Plans

Description

  • Three/Four Bedroom Terrace House +
  • Parking To Front +
  • Flexible Accommodation +
  • Unusual Feature, Lower Ground Level Lounge +
  • Easy Access To Motorway +
  • Good Size Family Home +
  • Schools For All Age Groups Close By +
  • Good Views To The Rear +

GUIDE PRICE £280,000 - £300,000 Flexible accommodation is on offer with this three/four bedroom terraced house in Walderslade, essentially the property is arranged over three levels with the added bonus of parking to the front as well additional benefit of a second lounge which could be utilised as a fourth bedroom if required. In need of some minor updating we feel this has been reflected within the asking price with the Internal accommodation comprising, entrance door to enclosed porch, French doors to hallway with access to kitchen and stairs to first floor and lower reception room. The kitchen is front facing and comprises a really good range of matching wall and base units with ample laminated work surfaces, a very generous room formally the garage which has been sympathetically converted, (agents note) a number of similar properties in this location have carried out similar alterations and as in all cases its advisable to check with your legal representative. The lounge is situated on the lower ground level and is rear facing a lovely bright room with feature fireplace and large storage cupboard, a great family room to simply relax, access to rear garden, stairs up to main hallway. On the first floor landing is the principle bedroom and additional reception room, this is why this home provides great flexibility, could be utilised as a fourth bedroom or lounge/Diner if required. Also on the first floor is the family bathroom, front facing comprising panelled bath, low level WC and wash basin. On the third floor is bedrooms two and three and useful storage cupboard, both bedrooms enjoy good views to the rear. Outside the front provides comfortable off-road parking, the rear garden is very low maintenance, Mediterranean style, perfect for summer, barbecues, concrete paved area EPC ENERGY RATING BAND C

Agent Details

Freeman & Gray, Covering Medway

01634 563790

Next Steps?

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