3 Bed Terraced House, Refurb/BRRR, Gillingham, ME7 4RU, £270,000

Copenhagen Road, Gillingham, Kent, ME7 4RU - 2 views - 10 months ago

Refurb/BRRR
ROI: 2%
~117 m²
+7 photos

ValuationFair Value

Sold Prices£120K - £367K
Sold Prices/m²£1.1K/m² - £4.5K/m²

 

 

Square Metres

~117.40 m²
Price/m²£2.3K/m²

Value Estimate

£275,400

 

 

End Value (After Refurb)

£318,318

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£15,700

Refurb Costs

£57,402

Bridging Loan Interest

£7,088

Total Cash In

£149,440

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£318,318

Mortgage (After Refinance)

£238,738

Mortgage LTV

75%

Cash Released

£36,238

Cash Left In

£113,202

Equity

£79,579

Rent Range

£650 - £3,500

Rent Estimate

£1,538

Running Costs/mo

£1,322

Cashflow/mo

£216

Cashflow/yr

£2,588

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £120K to £367K, average is £234.3K. £1.1K/m² to £4.5K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£237.5K06/210.08 mi3, Nile Road, Gillingham, Kent ME7 4SE3
£200K02/210.08 mi20, Nile Road, Gillingham, Medway ME7 4SE3
£245K01/230.1 mi38, Trafalgar Street, Gillingham, Medway ME7 4RL3
£210K12/200.1 mi22, Gillingham Road, Gillingham, Medway ME7 4RR3
£202K10/220.11 mi30, Gillingham Road, Gillingham, Medway ME7 4RR3
£295K09/210.13 mi41, Regent Road, Gillingham, Kent ME7 5JD3
£235K04/230.15 mi55, Seaview Road, Gillingham, Medway ME7 4NL3
£222K10/210.15 mi41, Seaview Road, Gillingham, Medway ME7 4NL3
£220K03/210.22 mi52, York Avenue, Gillingham, Medway ME7 5JG3
£233.5K07/210.22 mi11, College Avenue, Gillingham, Medway ME7 5HY3
£220K02/210.22 mi3, College Avenue, Gillingham, Medway ME7 5HY3
£290K05/230.22 mi51, College Avenue, Gillingham, Medway ME7 5HY3
£210K01/210.23 mi167, Gillingham Road, Gillingham, Medway ME7 4EP3
£210K01/210.23 mi167, Gillingham Road, Gillingham, Medway ME7 4EP3
£250K03/210.23 mi195, Gillingham Road, Gillingham, Medway ME7 4EP3
£318K06/230.23 mi44, College Avenue, Gillingham, Medway ME7 5HX3
£120K01/210.24 mi76, College Avenue, Gillingham, Kent ME7 5HX3
£218.8K11/200.24 mi93, Beresford Road, Gillingham, Kent ME7 4ES3
£233K03/210.24 mi124, Nelson Road, Gillingham, Medway ME7 4LL3
£265K03/210.25 mi5, Merlin Way, Gillingham, Medway ME7 4JN3
£225K10/210.33 mi20, Milton Road, Gillingham, Medway ME7 5LN3
£265K11/210.33 mi56, Milton Road, Gillingham, Medway ME7 5LN3
£265K09/210.33 mi274, Canterbury Street, Gillingham, Medway ME7 5XT3
£225K04/210.34 mi96, Shakespeare Road, Gillingham, Medway ME7 5QJ3
£320K12/220.34 mi118, Windmill Road, Gillingham, Medway ME7 5PD3
£367K03/230.34 mi84, Rock Avenue, Gillingham, Medway ME7 5PS3
£340K02/210.35 mi145, Nelson Road, Gillingham, Medway ME7 4LT3
£326.2K02/230.37 mi144, Windmill Road, Gillingham, Medway ME7 5PD3
£200K03/210.38 mi24, Pretoria Road, Gillingham, Medway ME7 4ND3
£171K03/210.38 mi16, Pretoria Road, Gillingham, Medway ME7 4ND3
£245K05/230.39 mi35, Gardiner Street, Gillingham, Medway ME7 1DW3
£210K04/210.39 mi33, Gardiner Street, Gillingham, Medway ME7 1DW3
£237.6K03/230.39 mi32, King Street, Gillingham, Medway ME7 1EP3
£285K02/230.39 mi23, Marlborough Road, Gillingham, Medway ME7 5HB3
£177K11/200.39 mi79, Albany Road, Gillingham, Medway ME7 4HP3
£188K01/210.39 mi47, King Street, Gillingham, Medway ME7 1EP3
£260K11/210.39 mi42, Byron Road, Gillingham, Medway ME7 5QH3
£235K06/210.39 mi127, Albany Road, Gillingham, Kent ME7 4HW3
£240K03/230.41 mi48, Victoria Street, Gillingham, Medway ME7 1EN3
£131.7K04/230.43 mi340, Canterbury Street, Gillingham, Medway ME7 5JP3
£240K11/200.43 mi46, Longfellow Road, Gillingham, Medway ME7 5QG3
£250K06/210.43 mi19, Louisville Avenue, Gillingham, Medway ME7 4EJ3
£255K11/210.43 mi25, Louisville Avenue, Gillingham, Medway ME7 4EJ3
£214K02/210.43 mi55, Louisville Avenue, Gillingham, Medway ME7 4EJ3
£270K03/230.44 mi21, Louisville Avenue, Gillingham, Medway ME7 4EJ3
£210K01/230.44 mi20, Kingswood Road, Gillingham, Medway ME7 1DZ3
£200K06/230.45 mi24, Tennyson Road, Gillingham, Medway ME7 5QD3
£185K02/210.45 mi33, Tennyson Road, Gillingham, Medway ME7 5QD3
£250K05/230.45 mi65, Tennyson Road, Gillingham, Medway ME7 5QD3
£230K12/200.45 mi65, Windsor Road, Gillingham, Medway ME7 4QL3

Local Rents

50 rents from £650/mo to £3.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,45002/250.08 mi-3
£1,45004/250.08 mi-3
£1,25003/240.1 miTrafalgar Street,Gillingham,ME73
£1,65012/240.14 mi-3
£2,70001/250.15 mi-3
£2,90006/240.15 mi-3
£3,50012/240.15 mi-3
£1,49504/250.16 mi-3
£1,80003/250.16 mi-3
£1,42511/240.18 mi-3
£1,19004/250.19 mi-3
£1,40005/240.2 miYork Avenue, Gillingham, Kent3
£1,50003/240.2 miWindmill Road, Gillingham, Kent, ME73
£1,45006/240.21 miNelson Road, Gillingham, Kent, ME73
£1,45012/240.21 miNelson Road, Gillingham, Kent, ME73
£1,32501/250.21 mi-3
£1,40005/240.22 miCollege Avenue Gillingham ME73
£1,45002/240.24 mi-3
£1,60012/240.24 mi-3
£1,60001/250.24 mi-3
£65012/240.24 mi-3
£1,40005/240.25 mi-3
£1,60005/240.25 miMarlborough Road, Gillingham, Kent, ME73
£1,49505/240.26 miSaxton Street, Gillingham, Kent, ME73
£1,65005/240.27 miMerlin Way, Gillingham3
£1,65012/240.28 mi-3
£1,57501/250.3 mi-3
£1,45003/250.3 mi-3
£1,25012/240.3 mi-3
£1,30001/250.3 mi-3
£1,30006/240.32 miBritton Street Gillingham ME73
£1,10002/250.32 mi-3
£1,30005/240.33 miShakespeare Road, Gillingham, Kent, ME73
£1,20006/240.33 mi-3
£1,45005/240.34 miWindmill Road , Gillingham, ME73
£1,70012/240.35 mi-3
£1,35012/240.36 mi-3
£1,55003/250.36 mi-3
£1,15003/250.37 mi-3
£1,15005/240.38 miAlbany Road Gillingham ME73
£1,30005/240.38 miWest Street, Gillingham, ME73
£1,30006/240.38 mi-3
£1,70012/240.39 mi-3
£1,95003/250.39 mi-3
£1,65004/250.39 mi-3
£1,65004/250.4 mi-3
£1,65012/240.4 mi-3
£1,60004/250.42 mi-3
£1,35005/240.42 miBalmoral Road, Gillingham, Kent, ME73
£1,40005/240.42 miBalmoral Road, Gillingham, Kent, ME73

Local Area Statistics

Population in ME7

51,293

Population in Gillingham

115,061

Town centre distance

1.63 miles away

Nearest school

0.20 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £270,000

June 26, 2024

Floor Plans

Description

  • 3 Bedroom Mid-Terrace +
  • NO FORWARD CHAIN +
  • In need of some modernisation +
  • 2 Receptions +
  • Cellar +
  • Large Garden +

Phoenix Property Services is delighted to present this charming 3-bedroom terraced house located in the heart of Gillingham. This property, although in need of some modernisation and updating offers a wealth of potential for buyers looking to customize a home to their tastes and preferences. Situated in a friendly neighbourhood, this house is an excellent opportunity for first-time buyers, families, or investors.

This property comprises of a Sitting Room, Dining Room, Cellar, a bathroom on the first floor, and three bedrooms. It also features central heating, double glazing, and a good-sized rear garden.

SITTING ROOM - 13'9 x 11'6

DINING ROOM - 12'4 x 9'6

CELLAR - 15'1 x 12'2

KITCHEN - 11' x 8'5

BATHROOM - 7'10 x 5'11

FIRST FLOOR LANDING

BEDROOM ONE - 17'9 x 11'10

BEDROOM TWO - 12'6 x 12'02

BEDROOM THREE- 11' x 7'10

REAR GARDEN - 120' (approx)

Agent Details

Phoenix Property Services, Gillingham

01634 563337

Next Steps?

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