4 Bed Detached House, Refurb/BRRR, Chatham, ME5 7TG, £375,000

Thrush Close, Walderslade, Kent, ME5 7TG - 9 months ago

Sold STC

Refurb/BRRR

ROI: 1%

~94 m²

+9 photos

ValuationOvervalued

Sold Prices	£227.5K - £625K
Sold Prices/m²	£2.1K/m² - £5.2K/m²

Square Metres	~94.43 m²
Price/m²	£4K/m²
Value Estimate	£312,255£312,255

End Value (After Refurb)	£388,616£388,616
Uplift in Value	+4%+4%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£93,750£93,750
Stamp Duty & Legal Fees	£18,700£18,700
Refurb Costs	£46,301£46,301
Bridging Loan Interest	£9,844£9,844
Total Cash In	£170,345£170,345

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£388,616£388,616
Mortgage (After Refinance)	£291,462£291,462
Mortgage LTV	75%75%
Cash Released	£10,212£10,212
Cash Left In	£160,133£160,133
Equity	£97,154£97,154
Rent Range	£675 - £2,800£675 - £2,800
Rent Estimate	£1,633
Running Costs/mo	£1,561£1,561
Cashflow/mo	£72£72
Cashflow/yr	£864£864
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £227.5K to £625K, average is £401.3K. £2.1K/m² to £5.2K/m², average is £3.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£432K	11/22	0 mi	8, Thrush Close, Chatham, Medway ME5 7TG	£4,547	95	4	Detached House
£430K	12/20	0 mi	9, Thrush Close, Chatham, Medway ME5 7TG	£3,739	115	4	Detached House
£440K	01/21	0.07 mi	89, Redwing Road, Chatham, Medway ME5 7TH	£4,661	94	4	Detached House
£367.5K	01/21	0.07 mi	86, Redwing Road, Chatham, Kent ME5 7TH	£4,537	81	4	Detached House
£247K	02/21	0.09 mi	22, Anson Close, Chatham, Medway ME5 7QX	£2,186	113	4	Terraced House
£600K	05/23	0.17 mi	6, Ryegrass Close, Chatham, Medway ME5 8JY	-	-	4	Detached House
£550K	05/21	0.17 mi	6, Ryegrass Close, Chatham, Medway ME5 8JY	-	-	4	Detached House
£450K	11/20	0.17 mi	40, Barleymow Close, Chatham, Medway ME5 8JZ	£2,744	164	4	Detached House
£625K	01/23	0.17 mi	2, Barleymow Close, Chatham, Medway ME5 8JZ	-	-	4	Detached House
£360K	12/22	0.21 mi	29, Kingfisher Drive, Chatham, Medway ME5 7NX	£3,303	109	4	Terraced House
£470K	02/21	0.23 mi	235, Lords Wood Lane, Chatham, Kent ME5 8JU	£3,588	131	4	Detached House
£440K	02/21	0.23 mi	277, Lords Wood Lane, Chatham, Medway ME5 8JU	£4,944	89	4	Detached House
£465K	03/21	0.23 mi	7, Cook Close, Chatham, Medway ME5 8LU	£4,515	103	4	Detached House
£475K	12/22	0.25 mi	20, Setford Road, Chatham, Medway ME5 8LP	-	-	4	Detached House
£375K	09/21	0.32 mi	7, Stanley Road, Chatham, Medway ME5 8LN	£4,076	92	4	Detached House
£300K	12/20	0.36 mi	17, Winchelsea Road, Chatham, Medway ME5 7LY	£2,885	104	4	Semi-Detached House
£310K	03/21	0.37 mi	102, Kingfisher Drive, Chatham, Medway ME5 7NZ	-	-	4	Terraced House
£470K	07/21	0.37 mi	6, Bowman Close, Chatham, Medway ME5 8LD	-	-	4	Detached House
£520K	11/20	0.37 mi	14, Bowman Close, Chatham, Kent ME5 8LD	£3,636	143	4	Detached House
£365K	07/23	0.38 mi	43, Fallowfield, Chatham, Medway ME5 0DX	£4,620	79	4	Semi-Detached House
£450K	02/21	0.41 mi	24, Wittersham Close, Chatham, Medway ME5 7NA	£2,528	178	4	Semi-Detached House
£322K	03/21	0.41 mi	19, Brambledown, Chatham, Medway ME5 0DY	£3,009	107	4	Semi-Detached House
£405K	11/20	0.43 mi	342, Lords Wood Lane, Chatham, Kent ME5 8JT	£3,491	116	4	Detached House
£450K	03/21	0.43 mi	316, Lords Wood Lane, Chatham, Medway ME5 8JT	-	-	4	Detached House
£340K	04/21	0.46 mi	34, Hazel Grove, Chatham, Medway ME5 0ED	£3,178	107	4	Semi-Detached House
£500K	12/22	0.5 mi	9, Fowey Close, Chatham, Medway ME5 8JX	-	-	4	Detached House
£500K	11/21	0.5 mi	10, Fowey Close, Chatham, Medway ME5 8JX	-	-	4	Detached House
£480K	06/21	0.5 mi	16, Fowey Close, Chatham, Medway ME5 8JX	£4,535	106	4	Detached House
£375K	03/21	0.56 mi	1, Tenterden Road, Chatham, Medway ME5 7ND	£3,472	108	4	Detached House
£415K	03/23	0.56 mi	32, Glamis Close, Chatham, Medway ME5 7QQ	£4,150	100	4	Detached House
£441K	03/23	0.57 mi	4, Highgrove Road, Chatham, Medway ME5 7QE	£5,011	88	4	Detached House
£450K	07/23	0.57 mi	19, Highgrove Road, Chatham, Medway ME5 7QE	£4,286	105	4	Detached House
£380K	07/21	0.57 mi	5, Highgrove Road, Chatham, Medway ME5 7QE	-	-	4	Detached House
£360K	05/23	0.61 mi	368a, Lords Wood Lane, Chatham, Medway ME5 8JS	-	-	4	Detached House
£340K	02/21	0.63 mi	3, Downland Walk, Chatham, Medway ME5 8AF	£3,269	104	4	Terraced House
£455K	10/22	0.63 mi	22, Hampton Close, Chatham, Medway ME5 7RB	-	-	4	Detached House
£400K	06/21	0.64 mi	16, Hampton Close, Chatham, Kent ME5 7RB	£4,167	96	4	Detached House
£300K	05/21	0.64 mi	2, Kingston Crescent, Chatham, Medway ME5 8YG	-	-	4	Terraced House
£365K	06/21	0.65 mi	93, Roosevelt Avenue, Chatham, Medway ME5 0HS	£5,214	70	4	Semi-Detached House
£361K	04/21	0.66 mi	30, Scotby Avenue, Chatham, Medway ME5 8ER	£2,423	149	4	Semi-Detached House
£320K	06/21	0.68 mi	6, Downsview, Chatham, Kent ME5 0AR	-	-	4	Semi-Detached House
£360K	08/21	0.71 mi	453, Lords Wood Lane, Chatham, Kent ME5 8EL	£3,910	92	4	Detached House
£360K	03/21	0.73 mi	1, Bracken Lea, Chatham, Medway ME5 0BZ	£3,789	95	4	Detached House
£395K	04/21	0.76 mi	14, Peacock Rise, Chatham, Medway ME5 8RN	£2,862	138	4	Detached House
£315K	12/21	0.76 mi	23, Walderslade Road, Chatham, Medway ME5 0JA	£3,150	100	4	Terraced House
£270K	12/20	0.78 mi	25, Lambeth Close, Chatham, Medway ME5 8YL	£2,269	119	4	Terraced House
£402.5K	06/21	0.82 mi	51, Prince Charles Avenue, Chatham, Medway ME5 8EY	£2,547	158	4	Detached House
£300.3K	06/21	0.85 mi	19, Bleakwood Road, Chatham, Medway ME5 0NF	-	-	4	Detached House
£227.5K	12/20	0.87 mi	119, Chatham Grove, Chatham, Medway ME4 6LZ	£2,126	107	4	Terraced House
£560K	09/22	0.9 mi	21, Park Crescent, Chatham, Medway ME4 6NR	-	-	4	Semi-Detached House

Local Rents

23 rents from £675/mo to £2.8K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,100	06/24	0.05 mi	-	4	Detached House
£1,350	05/24	0.15 mi	Halifax Close Chatham ME5	3	Terraced House
£1,700	05/24	0.16 mi	Sheridan Close, Chatham, Kent, ME5	4	Detached House
£1,700	05/24	0.2 mi	Sheridan Close, Chatham, Kent, ME5	4	Detached House
£1,600	01/25	0.22 mi	-	3	Semi-Detached House
£1,500	05/24	0.29 mi	Christie Close , Chatham , Kent	3	Semi-Detached House
£1,600	05/24	0.3 mi	Vulcan Close, Walderslade	4	Flat
£1,525	07/24	0.33 mi	-	3	Terraced House
£1,450	05/24	0.35 mi	-	3	Terraced House
£1,400	05/24	0.43 mi	-	3	Semi-Detached House
£1,350	08/24	0.43 mi	-	3	Terraced House
£1,350	07/24	0.43 mi	Heritage Road, Chatham, ME5	3	Terraced House
£1,650	07/24	0.44 mi	Mountbatten Avenue, Chatham, Kent	3	Semi-Detached House
£675	07/24	0.46 mi	-	3	Semi-Detached House
£1,500	05/24	0.47 mi	Wayfield Road, Chatham, Kent, ME5	3	Detached House
£1,700	07/24	0.5 mi	-	3	Semi-Detached House
£2,000	12/24	0.5 mi	-	3	Detached House
£2,800	05/24	0.51 mi	Roosevelt Avenue, ME5	5	Detached House
£2,800	05/24	0.51 mi	Roosevelt Avenue, Chatham, ME5	5	Semi-Detached House
£1,450	03/25	0.55 mi	-	3	Semi-Detached House
£1,350	05/24	0.6 mi	Walderslade, ME5	3	Detached House
£1,500	05/24	0.62 mi	Churchill Avenue, Chatham, Kent, ME5	3	Terraced House
£1,500	05/24	0.62 mi	Churchill Avenue Chatham ME5	3	Detached House

Local Area Statistics

Population in ME5	51,76451,764
Population in Chatham	82,04482,044
Town centre distance	0.94 miles away0.94 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.82 miles away1.82 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+17%+17%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+21%+21%

Property History

Listed for £375,000

July 1, 2024

Floor Plans

Description

4 Bedroom detached house +
Currently used as a three bedroom +
Drive & Garage +
Ground floor WC +
Popular cul-de-sac position +
No chain +

GUIDE PRICE £375,000 - £400,000

PLEASE NOTE THIS PROPERTY WAS ORIGINALLY A FOUR BEDROOM BUT HAS BEEN CONVERTED TO A THREE BEDROOM AND COULD EASILY BE CHANGED BACK.

We are pleased to offer the detached family home in a sought after location.

The property comprises of an entrance hall, kitchen, lounge, dining room and w.c on the ground floor with three/four bedrooms and the family bathroom upstairs.

Externally there are front and rear gardens and a drive for 2/3 cars leading to the garage.

Thrush Close is a quiet cul de sac and offers good access to local amenities and is a short drive from Chatham mainline railway station and the motorway network.

Although in need of some modernisation we feel this property will make a great family home.

OFFERED TO THE MARKET WITH NO ONWARD CHAIN.

Exterior
Both front and rear gardens
Mature shrubs
Laid to lawn
Patio area
Side access
Drive & garage

Agent Details

Robinson Michael & Jackson, Walderslade

01634 959302

Next Steps?

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

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4 Bed Detached House, Refurb/BRRR, Chatham, ME5 7TG, £375,000

ValuationOvervalued

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Sold Prices

Local Rents