3 Bed Terraced House, Refurb/BRRR, Chatham, ME5 8HG, £270,000

Sundridge Drive, Walderslade, Kent, ME5 8HG - 4 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~89 m²
+13 photos

ValuationFair Value

Sold Prices£215K - £490K
Sold Prices/m²£2.2K/m² - £5.3K/m²

 

 

Square Metres

~88.50 m²
Price/m²£3.1K/m²

Value Estimate

£270,000

 

 

End Value (After Refurb)

£301,185

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Refurb Costs

£43,394

Bridging Loan Interest

£7,088

Total Cash In

£130,031

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£301,185

Mortgage (After Refinance)

£225,889

Mortgage LTV

75%

Cash Released

£23,389

Cash Left In

£106,642

Equity

£75,296

Rent Range

£1,200 - £2,000

Rent Estimate

£1,385

Running Costs/mo

£1,238

Cashflow/mo

£147

Cashflow/yr

£1,762

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £215K to £490K, average is £300K. £2.2K/m² to £5.3K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£270K11/210 mi168, Sundridge Drive, Chatham, Medway ME5 8HG3
£290K08/230.03 mi14, Sundridge Drive, Chatham, Medway ME5 8HE3
£246K09/210.03 mi7, Sundridge Drive, Chatham, Medway ME5 8HE3
£240K09/210.07 mi149, Sundridge Drive, Chatham, Medway ME5 8JE3
£300K04/230.07 mi47, Prince Charles Avenue, Chatham, Medway ME5 8EY3
£335K12/200.07 mi55, Prince Charles Avenue, Chatham, Medway ME5 8EY3
£337.5K02/230.11 mi142, Sundridge Drive, Chatham, Medway ME5 8JD3
£297K02/230.11 mi114, Sundridge Drive, Chatham, Medway ME5 8JD3
£350K04/230.12 mi12, Smith Road, Chatham, Medway ME5 8DR3
£245K02/210.15 mi141, Sundridge Drive, Chatham, Medway ME5 8JE3
£260K10/210.15 mi127, Princes Avenue, Chatham, Kent ME5 8AX3
£235K12/200.15 mi133, Princes Avenue, Chatham, Medway ME5 8AX3
£302K09/210.16 mi23, Wetheral Drive, Chatham, Medway ME5 8ES3
£345K07/230.16 mi37, Wetheral Drive, Chatham, Medway ME5 8ES3
£215K02/210.19 mi90, Bromley Close, Chatham, Medway ME5 8YP3
£284K02/230.21 mi78, Sundridge Drive, Chatham, Medway ME5 8HY3
£320K04/210.21 mi12, Hillborough Grove, Chatham, Medway ME5 8JA3
£332.5K06/210.22 mi76, Princes Avenue, Chatham, Medway ME5 8AH3
£287K03/210.22 mi9, Peacock Rise, Chatham, Medway ME5 8RN3
£300K12/200.22 mi10, Peacock Rise, Chatham, Medway ME5 8RN3
£320K04/210.22 mi4, Scotby Avenue, Chatham, Medway ME5 8EP3
£275K12/200.23 mi18, Ballens Road, Chatham, Medway ME5 8NS3
£340K01/230.23 mi11, Savage Road, Chatham, Medway ME5 8DY3
£325K08/230.23 mi27, Brendon Avenue, Chatham, Medway ME5 8JG3
£247K10/210.23 mi9, Brendon Avenue, Chatham, Medway ME5 8JG3
£265K04/210.23 mi52, Sussex Drive, Chatham, Medway ME5 0NP3
£420K12/220.23 mi71, Princes Avenue, Chatham, Medway ME5 8AY3
£425K04/230.24 mi20, Coombe Close, Chatham, Medway ME5 8NU3
£237K12/200.25 mi45, Princes Avenue, Chatham, Medway ME5 8AY3
£260K07/230.25 mi57, Princes Avenue, Chatham, Medway ME5 8AY3
£317K04/210.26 mi27, Kingston Crescent, Chatham, Medway ME5 8YQ3
£305K04/230.27 mi38, Ealing Close, Chatham, Medway ME5 8YJ3
£460K03/210.28 mi29, Dargets Road, Chatham, Medway ME5 8BJ3
£265K12/200.29 mi96, Sussex Drive, Chatham, Medway ME5 0NR3
£330K07/230.29 mi7, The Beeches, Chatham, Medway ME5 0NS3
£283K04/210.29 mi118, Sussex Drive, Chatham, Medway ME5 0NR3
£300K07/230.29 mi11, Bilsington Close, Chatham, Medway ME5 7NE3
£270K03/230.29 mi3, Bilsington Close, Chatham, Medway ME5 7NE3
£265K10/210.29 mi10, Camden Close, Chatham, Kent ME5 8YF3
£349K03/210.3 mi6, Downland Walk, Chatham, Medway ME5 8AF3
£360K02/230.3 mi4, Hall Road, Chatham, Medway ME5 8PL3
£287.5K05/210.32 mi53, Gatcombe Close, Chatham, Medway ME5 7RD3
£300K11/200.32 mi3, Gatcombe Close, Chatham, Kent ME5 7RD3
£347K06/230.32 mi12, Birchfields, Chatham, Medway ME5 8AE3
£390K12/200.32 mi80, Dargets Road, Chatham, Medway ME5 8BL3
£490K03/210.32 mi62, Dargets Road, Chatham, Medway ME5 8BL3
£385K05/210.32 mi72, Dargets Road, Chatham, Medway ME5 8BL3
£355K11/210.34 mi2, Rothervale, Chatham, Medway ME5 8PN3
£356K03/230.34 mi12, Juniper Close, Chatham, Medway ME5 0NX3
£230K02/210.35 mi4, Sussex Drive, Chatham, Medway ME5 0NJ3

Local Rents

15 rents from £1.2K/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,55001/250.09 mi-3
£1,40006/240.14 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,40006/240.14 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,40007/240.14 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,40007/240.14 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,55012/240.15 mi-3
£1,55006/240.19 miBromley Close, Chatham, Kent, ME53
£1,70003/250.2 mi-3
£1,20007/240.21 miAdmirals Walk, Lordswood, ME53
£1,40007/240.26 miSussex Drive, Chatham , Kent 3
£2,00012/240.38 mi-3
£1,90003/250.45 mi-3
£1,40005/240.46 mi-3
£1,20005/240.48 miKellaway Road, Chatham, Kent, ME53
£1,50005/240.59 miChristie Close , Chatham , Kent 3

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

1.67 miles away

Nearest school

0.30 miles away

Nearest train station

2.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £270,000

July 12, 2024

Floor Plans

Description

  • Three bedroom House +
  • Kitchen Diner +
  • Garage to rear +
  • Tiered garden +
  • No chain +
  • Convenient location +

We are pleased to offer this family home in central Walderslade.

The property comprises entrance hall, lounge and kitchen diner on the ground floor with three bedrooms, one with a fitted shower cubicle and the bathroom and separate w.c on the first floor.
Externally there is a tiered rear garden and a garage to the rear.

Sundridge Drive is conveniently located and offers good access to local amenities including primary and secondary schools and is a short drive to Chatham mainline railway station and the motorway network.

Although in need of some updating we feel this property will make a great family home.
OFFERED TO THE MARKET WITH NO ONWARD CHAIN

Exterior
Front laid to lawn garden
Tiered rear garden
Access to the rear
Garage to the rear

Agent Details

Robinson Michael & Jackson, Walderslade

01634 959302

Next Steps?

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