2 Bed Flat, Single Let, Chatham, ME5 8EB, £170,000

7 Huckleberry Close, Chatham, ME5 8EB - 4 views - 8 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£115K - £290K
Sold Prices/m²£1.7K/m² - £3.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£211,144
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,450

Total Cash In

£48,950

 

 

Cash Out

 

Rent Range

£1,100 - £1,500

Rent Estimate

£1,100

Running Costs/mo

£771

Cashflow/mo

£329

Cashflow/yr

£3,945

ROI

8%

Gross Yield

8%

Local Sold Prices

22 sold prices from £115K to £290K, average is £191.5K. £1.7K/m² to £3.7K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£149K08/210.01 mi13, Huckleberry Close, Chatham, Medway ME5 8EB2
£210K06/230.11 mi5, Beeching Road, Chatham, Medway ME5 8DX2
£210K06/230.11 mi8, Cooper Road, Chatham, Medway ME5 8DH2
£222K02/230.14 mi6, Cooper Road, Chatham, Medway ME5 8DH2
£193K08/210.16 mi27, Smith Road, Chatham, Medway ME5 8DR2
£205K11/220.16 mi13, Smith Road, Chatham, Medway ME5 8DR2
£190K10/210.16 mi29, Goad Avenue, Chatham, Medway ME5 8DT2
£206K04/230.16 mi51, Duchess Of Kent Drive, Chatham, Medway ME5 8DD2
£186K09/210.16 mi39, Duchess Of Kent Drive, Chatham, Medway ME5 8DD2
£197K08/210.16 mi67, Duchess Of Kent Drive, Chatham, Kent ME5 8DD2
£190K06/210.16 mi4, Hornbeam Avenue, Chatham, Medway ME5 8DB2
£214K03/230.16 mi6, Hornbeam Avenue, Chatham, Medway ME5 8DB2
£220K10/220.17 mi54, Duchess Of Kent Drive, Chatham, Medway ME5 8DD2
£180K09/220.17 mi60, Duchess Of Kent Drive, Chatham, Medway ME5 8DD2
£220K11/220.21 mi151, Dargets Road, Chatham, Medway ME5 8DA2
£175K10/210.22 mi5, Kellaway Road, Chatham, Medway ME5 8BY2
£115K10/220.49 mi35, Scotby Avenue, Chatham, Medway ME5 8ER2
£128K02/210.54 mi14, Hamwick Green, Chatham, Medway ME5 8TW2
£290K12/210.55 miFlat 1, Gleneagles Court, Mafeking Road, Walderslade, Chatham, Kent ME5 9HG2
£190K07/230.69 mi14, Tatler Close, Chatham, Medway ME5 8XH2
£186K10/200.69 mi15, Tatler Close, Chatham, Medway ME5 8XH2
£175K07/210.69 mi26, Farley Close, Chatham, Medway ME5 8UE2

Local Rents

13 rents from £1.1K/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,50005/240.15 miDarenth Rise, Lordswood, Chatham2
£1,10005/240.16 miHornbeam Avenue, Chatham2
£1,30005/240.32 miRothervale, Chatham, Kent, ME52
£1,45006/240.41 mi-2
£1,45008/240.41 mi-2
£1,25002/250.41 mi-2
£1,30007/240.42 miBallens Road, Chatham2
£1,30006/240.51 miKestrel Road, Chatham2
£1,29503/250.53 mi-2
£1,20007/240.57 miWalderslade Road, Chatham, Kent, ME52
£1,27512/240.6 mi-2
£1,30012/240.61 mi-2
£1,25007/240.61 miAlbury Close,Lordswood,Chatham,ME5 8UW2

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

1.94 miles away

Nearest school

0.10 miles away

Nearest train station

2.81 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 £170,000

December 4, 2024

Listed for £175,000

August 6, 2024

Sold for £55,995

2002

Sold for £35,000

2000

Floor Plans

Description

  • 2 BEDROOM GROUND FLOOR FLAT +
  • SPACIOUS ACCOMMODATION +
  • COMMUNAL GARDEN +
  • NO ONWARD CHAIN!! +
  • NEUTRAL CONDITION +
  • CONVENIENT LOCATION FOR LOCAL SERVICES & AMENITIES +
  • EPC RATING "D", COUNCIL TAX BAND "A" +
  • APPROX. 83 YRS REMAINING ON LEASE. +

Welcome to this 2 bedroom ground floor flat located on Huckleberry Close in Lordswood, Chatham. This flat boasts a cosy reception room, perfect for relaxing or entertaining guests. With two bedrooms, there is ample space for a small family, guests, or even a home office.

Spanning 700 square feet, this flat provides a comfortable living space for its occupants. Whether you are looking for a starter home, a cosy retreat, or a smart investment opportunity, this property has the potential to fulfil your needs.

Don't miss the chance to own a piece of history in this well-established neighbourhood. Contact us today to arrange a viewing and envision the possibilities that this charming flat on Huckleberry Close has to offer.

Entrance Hall - Hard wood entrance door. Built in storage cupboard.

Lounge - 4.18m plus alcove x 3.52m (13'8" plus alcove x 11' - Window to front, radiator. Built in storage cupboard.

Bedroom 1 - 3.57m x 3.51m (11'8" x 11'6") - Window to front, radiator, built in storage cupboard.

Bedroom 2 - 3.02m x 2.60m (9'10" x 8'6") - Window to rear, radiator, built in storage cupboard.

Kitchen - 2.67m x 2.57m (8'9" x 8'5") - Window to rear. Wall mounted boiler. Fitted kitchen comprising base and eye level units with work surfaces over.

Bathroom - Window to rear. White 3 piece suite comprising panelled bath, wall mounted wash hand basin and low level WC. Radiator.

Nb - HARRISONS REEVE recommend a panel of solicitors, including V E White And Co, Burtons Solicitors, Hawkridge and Company and Apex Law as well as the services of Henchurch Lane Financial Services, for which we may receive a referral fee of £150 plus VAT per transaction.

Member Agent - The agent is a member of The Property Ombudsman Limited, which is a redress scheme, and Propertymark, which is a client money protection scheme.

Important Notice - Harrisons Reeve, their clients and any joint agents give notice that:

1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive.

2. It should not be assumed that the property has all necessary planning, building regulations or other consents and Harrisons Reeve have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise

Agent Details

Harrisons Reeve, Rainham

01634 563441

Next Steps?

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