3 Bed Terraced House, Single Let, Chatham, ME4 5NY, £270,000

38 Mills Terrace, Chatham, Medway, ME4 5NY - 4 views - 10 months ago

Sold STC
BTL
ROI: 2%
104 m²
+20 photos

ValuationUndervalued

Sold Prices£157K - £285K
Sold Prices/m²£1.8K/m² - £3.6K/m²

 

 

Square Metres

104 m²
Price/m²£2.6K/m²

Value Estimate

£301,467
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Total Cash In

£77,800

 

 

Cash Out

 

Rent Range

£1,200 - £3,250

Rent Estimate

£1,250

Running Costs/mo

£1,114

Cashflow/mo

£136

Cashflow/yr

£1,635

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £157K to £285K, average is £216K. £1.8K/m² to £3.6K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£248K08/230.04 mi7, Hope Street, Chatham, Medway ME4 5NL3
£213.5K04/210.04 mi31, Mills Terrace, Chatham, Kent ME4 5NY3
£215K10/230.06 mi34, Lester Road, Chatham, Medway ME4 5NP3
£220K08/230.06 mi38, Lester Road, Chatham, Medway ME4 5NP3
£200K01/210.07 mi1, East Street, Chatham, Medway ME4 5NJ3
£166K03/240.08 mi28a, East Street, Chatham, Medway ME4 5NJ3
£205K09/230.09 mi58, Melbourne Road, Chatham, Medway ME4 5PB3
£177.5K03/230.09 mi5, Cromwell Terrace, Chatham, Medway ME4 5PQ3
£195K11/230.13 mi72, Sturla Road, Chatham, Medway ME4 5QL3
£180K10/210.13 mi40, Otway Street, Chatham, Medway ME4 5PL3
£221K08/210.16 mi70, Otway Street, Chatham, Medway ME4 5PL3
£157K06/210.18 mi45, Sydney Road, Chatham, Medway ME4 5PP3
£163K11/200.18 mi55, Thorold Road, Chatham, Medway ME5 7EB3
£270K09/210.18 mi26, Ruth Street, Chatham, Medway ME4 5NU3
£220K02/230.19 mi91, Sturla Road, Chatham, Medway ME4 5QJ3
£232K07/230.19 mi10, Waghorn Street, Chatham, Medway ME4 5LT3
£232.5K12/230.19 mi29, Herbert Road, Chatham, Medway ME4 5PN3
£263K11/230.2 mi87, Hartington Street, Chatham, Medway ME4 5PJ3
£245K05/230.2 mi85, Hartington Street, Chatham, Medway ME4 5PJ3
£259K02/240.2 mi50, Ernest Road, Chatham, Medway ME4 5PT3
£190K11/230.2 mi20, Institute Road, Chatham, Medway ME4 4PF3
£257K09/230.21 mi37, Prospect Row, Chatham, Medway ME4 5QZ3
£233K05/230.22 mi3, Leopold Road, Chatham, Medway ME4 5SX3
£225K07/230.22 mi15, Leopold Road, Chatham, Medway ME4 5SX3
£188K12/200.22 mi36, Albert Road, Chatham, Medway ME4 5PZ3
£185K03/210.22 mi169, Luton Road, Chatham, Medway ME4 5AE3
£270K07/230.22 mi129, Luton Road, Chatham, Medway ME4 5AE3
£195K11/210.22 mi22, Gordon Road, Chatham, Kent ME4 5LR3
£240K06/230.22 mi50, Seymour Road, Chatham, Medway ME5 7AE3
£180K04/210.23 mi27, Albert Road, Chatham, Medway ME4 5PY3
£265K12/220.23 mi31, Upbury Way, Chatham, Medway ME4 4NG3
£235K12/230.25 mi37a, Gordon Road, Chatham, Medway ME4 5LU3
£240K11/210.25 mi60, Gordon Road, Chatham, Medway ME4 5LU3
£265K03/210.25 mi21, Longhill Avenue, Chatham, Medway ME5 7AR3
£200K08/210.25 mi42, Magpie Hall Road, Chatham, Medway ME4 5ND3
£207.5K06/230.25 mi145, Magpie Hall Road, Chatham, Medway ME4 5ND3
£285K08/230.26 mi44, Chalkpit Hill, Chatham, Medway ME4 5SU3
£197K11/210.27 mi15, Natal Road, Chatham, Kent ME4 5PS3
£167K04/210.28 mi66, Glencoe Road, Chatham, Medway ME4 5QE3
£260K12/220.28 mi31, Bright Road, Chatham, Medway ME4 5HH3
£208K05/210.29 mi132, Glencoe Road, Chatham, Medway ME4 5QF3
£202K11/200.31 mi137, Castle Road, Chatham, Medway ME4 5HY3
£250K09/230.31 mi2, Cobden Road, Chatham, Medway ME4 5HW3
£225K01/240.32 mi43, Chamberlain Road, Chatham, Medway ME4 5HT3
£216K01/230.32 mi7, Redvers Road, Chatham, Medway ME4 5UU3
£216K08/210.32 mi6, Redvers Road, Chatham, Medway ME4 5UU3
£195K01/210.33 mi28, Palmerston Road, Chatham, Medway ME4 5SR3
£268K06/210.34 mi2, Dagmar Road, Chatham, Medway ME4 5HA3
£185K04/210.34 mi215, Luton Road, Chatham, Medway ME4 5BW3
£176K02/210.34 mi9, Buller Road, Chatham, Medway ME4 5XA3

Local Rents

50 rents from £1.2K/mo to £3.3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30007/240.06 miSalisbury Road, Chatham, Kent, ME43
£1,80012/240.1 mi-3
£1,75004/250.12 mi-3
£1,60304/250.14 mi-3
£1,40007/240.14 miOtway Street, Chatham, Kent, ME43
£1,40007/240.14 miOtway Street, Chatham, Kent, ME43
£1,50004/250.15 mi-3
£1,30005/240.18 miSturla Road, Chatham3
£1,55003/240.18 miMount Pleasant, Chatham, ME53
£1,30005/240.19 miHerbert Road, Chatham, Kent, ME43
£1,30005/240.19 miHerbert Road Chatham ME43
£1,40005/240.19 miThorold Road, Chatham, Kent, ME53
£1,35007/240.21 miPortland Street, Chatham3
£1,20007/240.21 miThorold Road, Chatham, ME53
£1,20007/240.21 mi-3
£1,35012/240.22 miLeopold Road, Chatham3
£1,40004/250.22 mi-3
£1,25005/240.22 miGordon Road, ME43
£1,29004/250.22 mi-3
£1,25007/240.23 miSeymour Road, Chatham3
£1,34501/250.23 mi-3
£1,35002/240.24 mi-3
£2,20005/240.25 miChatham Hill, Chatham, Kent, ME53
£1,25005/240.25 miMagpie Hall Road, Chatham3
£1,30007/240.25 miSturla Road, Chatham3
£1,35005/240.26 miThorold Road, Chatham3
£1,27505/240.27 mi-3
£1,50012/240.27 mi-3
£1,70005/240.27 miMagpie Hall Road, Chatham, ME43
£1,70005/240.27 mi-3
£1,35006/240.28 miGordon Road, Chatham, Kent, ME43
£1,35001/250.28 mi-3
£1,40004/250.29 mi-3
£1,35007/240.29 miGordon Road, Chatham3
£1,50007/240.29 miGlenoce Road, Chatham3
£1,45007/240.29 mi-3
£1,45007/240.29 miThorold Road, Chatham, ME53
£1,75005/240.3 mi-3
£1,40001/240.32 mi-3
£1,30005/240.32 mi-3
£3,25001/250.33 mi-3
£3,25004/250.33 mi-3
£1,30007/240.33 miConstitution Road, Chatham3
£1,30011/240.33 mi-3
£1,45005/240.34 miLuton Road, Chatham3
£1,37505/240.34 miChatham Hill, Chatham3
£1,35007/240.34 miMount Road, Chatham3
£1,45007/240.35 miDagmar Road, Chatham, ME43
£1,35007/240.35 miDagmar Road Chatham ME43
£1,35005/240.35 miMount Road Chatham ME43

Local Area Statistics

Population in ME4

30,244

Population in Chatham

82,044

Town centre distance

0.63 miles away

Nearest school

0.10 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £270,000

June 11, 2024

Sold for £145,000

2005

Floor Plans

Description

  • Basement Room +
  • 3 Bed Victorian End of Terrace House +
  • 3 Double Bedrooms +
  • Victorian Period Features +
  • First Floor Family Bathroom +
  • Large Kitchen Diner +
  • Chain Free +

A large bright and spacious end of terrace three double bedroomed house with a contemporary finish, located in this desirable location.
You enter through the front door and through the hallway into a large through lounge and dining area with a bright and airy feel and a contemporary finish. There is a great sized modern kitchen at the back of the property with a breakfast bar and a dining area making the perfect place for entertaining.
On the first floor are three excellent sized double bedrooms ideal for any family and a spacious family bathroom with a bath ideal for a soak after a hard days work aswell as a shower cubicle for those that are time short.
The cute rear garden has a paved patio and an area laid to lawn and is an ideal low maintenance garden.
This is an excellent house and viewings are a must.
The property is offered chain free.

Agent Details

haart, Strood

01634 949635

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪