2 Bed Flat, Single Let, Chatham, ME4 4FS, £180,000

Hawke House, 55 Cross Street, Chatham, ME4 4FS - 2 views - 8 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~68 m²
+13 photos

ValuationUndervalued

Sold Prices£90K - £310K
Sold Prices/m²£1.3K/m² - £5.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£195,980
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£51,600

 

 

Cash Out

 

Rent Range

£1,099 - £1,850

Rent Estimate

£1,099

Running Costs/mo

£802

Cashflow/mo

£297

Cashflow/yr

£3,560

ROI

7%

Gross Yield

7%

Local Sold Prices

31 sold prices from £90K to £310K, average is £195K. £1.3K/m² to £5.9K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£170K08/210.2 miFlat 16, Conway Hall, Conway Mews, Brompton, Gillingham, Kent ME7 5BD2
£195K06/210.21 mi35, College Road, Chatham, Medway ME4 4JS2
£220K06/210.21 mi44, College Road, Chatham, Medway ME4 4JS2
£222K01/210.25 mi7, Marc Brunel Way, Chatham, Medway ME4 4BH2
£195K06/210.25 mi9, Marc Brunel Way, Chatham, Medway ME4 4BH2
£202K01/230.43 miFlat 66, The Eye, Barrier Road, Chatham, Medway ME4 4SD2
£190K08/210.44 miFlat 36, The Eye, Barrier Road, Chatham, Medway ME4 4SD2
£195K07/210.44 miFlat 17, The Eye, Barrier Road, Chatham, Medway ME4 4SD2
£185K05/210.69 mi52b, High Street, Chatham, Medway ME4 4DS2
£90K11/220.72 mi50a, High Street, Gillingham, Medway ME7 1AZ2
£172.5K12/210.73 miFlat 3, Aylmer Court, Saunders Street, Gillingham, Medway ME7 1HX2
£200K01/230.73 miFlat 3, Aylmer Court, Saunders Street, Gillingham, Medway ME7 1HX2
£166.5K12/200.73 miFlat 14b, Spembley House, New Road Avenue, Chatham, Medway ME4 6BA2
£130K03/210.74 miFlat 23, Camborne Manor, Cross Street, Gillingham, Kent ME7 1JX2
£152K10/220.74 miFlat 4, Tintagel Manor, Skinner Street, Gillingham, Medway ME7 1LH2
£175K04/230.84 mi4, Bingley Road, Rochester, Medway ME1 1BZ2
£120K11/220.84 miFlat 1, Royal Oak House, Doust Way, Rochester, Medway ME1 1FF2
£260K10/230.9 mi7, Five Bells Lane, Rochester, Medway ME1 1BW2
£217.5K09/220.9 miFlat 64, Lyon Court, High Street, Rochester, Medway ME1 1HX2
£215K01/210.9 miFlat 35, Lyon Court, High Street, Rochester, Medway ME1 1HX2
£185K11/230.97 mi30, Port Rise, Chatham, Medway ME4 6NQ2
£205K08/230.97 mi18, Port Rise, Chatham, Medway ME4 6NQ2
£310K10/220.97 miFlat 117, The Peninsula, Pegasus Way, Gillingham, Medway ME7 1GE2
£212.5K12/230.98 mi29, Watersmeet, St Marys Island, Chatham, Medway ME4 3HB2
£205K03/230.98 mi20, Watersmeet, St Marys Island, Chatham, Medway ME4 3HB2
£165K08/230.98 mi51, Watersmeet, St Marys Island, Chatham, Medway ME4 3HD2
£235K01/230.98 mi74, Watersmeet, St Marys Island, Chatham, Medway ME4 3HD2
£293K12/220.99 mi44, Sandling Way, St Marys Island, Chatham, Medway ME4 3SB2
£185K10/210.99 miFlat 3, Faraday House, High Street, Rochester, Medway ME1 1EZ2
£265K06/210.99 mi18, Marine View, St Marys Island, Chatham, Medway ME4 3LA2
£210K05/210.99 miFlat 9, Faraday House, High Street, Rochester, Medway ME1 1EZ2

Local Rents

49 rents from £1.1K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,10005/240.03 miPleasant Row, Gillingham2
£1,09905/240.06 miFlat , The Old Coal Yard, Westcourt Street, Gillingham2
£1,20012/240.13 mi-2
£1,50006/240.14 miBrompton Hill Chatham ME42
£1,50007/240.14 miBrompton Hill Chatham ME42
£1,50005/240.15 mi-2
£1,50004/250.15 mi-2
£1,40001/250.17 mi-2
£1,30005/240.18 miCommissiners Court, Chatham2
£1,85003/250.41 mi-2
£1,35007/240.42 miBarrier Road, Chatham2
£1,47504/250.43 mi-2
£1,30005/240.44 miBarrier Road, Chatham, Kent, ME42
£1,55005/240.44 miThe Eye, Barrier Road, Chatham, Kent, ME42
£1,45005/240.44 miThe Eye, Barrier Road, Chatham, Kent, ME42
£1,45005/240.44 miThe Eye, Barrier Road, Chatham, Kent, ME42
£1,40005/240.46 miWhiffens Avenue Chatham ME42
£1,45005/240.46 miWhiffens Avenue Chatham ME42
£1,40005/240.46 miWhiffens Avenue Chatham ME42
£1,50005/240.46 miWhiffens Avenue Chatham ME42
£1,45005/240.46 miWhiffens Avenue Chatham ME42
£1,40005/240.46 miWhiffens Avenue Chatham ME42
£1,55005/240.46 miWhiffens Avenue Chatham ME42
£1,50005/240.46 miWhiffens Avenue Chatham ME42
£1,40005/240.46 miWhiffens Avenue Chatham ME42
£1,49505/240.46 miWhiffens Avenue Chatham ME42
£1,59506/240.46 miWhiffens Avenue Chatham ME42
£1,59506/240.46 miWhiffens Avenue Chatham ME42
£1,59506/240.46 miWhiffens Avenue Chatham ME42
£1,59506/240.46 miWhiffens Avenue Chatham ME42
£1,59506/240.46 miWhiffens Avenue Chatham ME42
£1,59506/240.46 miWhiffens Avenue Chatham ME42
£1,59506/240.46 miWhiffens Avenue Chatham ME42
£1,64507/240.46 miWhiffens Avenue Chatham ME42
£1,59507/240.46 miWhiffens Avenue Chatham ME42
£1,59507/240.46 miWhiffens Avenue Chatham ME42
£1,59507/240.46 miWhiffens Avenue Chatham ME42
£1,59507/240.46 miWhiffens Avenue Chatham ME42
£1,59507/240.46 miWhiffens Avenue Chatham ME42
£1,59507/240.46 miWhiffens Avenue Chatham ME42
£1,65001/250.48 mi-2
£1,55005/240.48 miWhiffens Avenue Chatham ME42
£1,55005/240.48 miWhiffens Avenue Chatham ME42
£1,55005/240.48 miWhiffens Avenue Chatham ME42
£1,55005/240.48 miWhiffens Avenue Chatham ME42
£1,45005/240.48 miWhiffens Avenue Chatham ME42
£1,15008/240.5 miWhiffens Avenue, Chatham2
£1,30005/240.56 miPrincess Mary Avenue, Chatham, ME42
£1,52507/240.61 miMedway Street Chatham ME42

Local Area Statistics

Population in ME4

30,244

Population in Chatham

82,044

Town centre distance

1.64 miles away

Nearest school

0.50 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £180,000

September 3, 2024

Floor Plans

Description

  • No Chain +
  • Walking DIstance To Railway Station +
  • Top Floor Apartment With Lift Access +
  • Two Double Bedrooms One With Balcony +
  • Spacious Living Accommodation +
  • Balcony From Lounge Area +
  • Parking +
  • Spacious Entrance Hall +
  • Close To Local Amenities +
  • Walking Distance To Town Centre +

Guide Price £180,000 to £200,000
Welcome to this stunning top-floor apartment, perfectly positioned close to the town centre with easy access to a high-speed rail service into London.
This beautifully presented home offers seamless modern living accommodation. Natural light floods in from every angle, creating a bright and airy atmosphere throughout. The lounge area boasts its own balcony, which, at the right time of day, is bathed in sunlight - perfect for relaxing with a drink after a long day or enjoying your morning coffee to start the day.
The well-appointed kitchen, featuring ample work surface space, will be a chef's delight. It's the perfect place to rustle up an amazing dinner while entertaining, allowing you to stay involved with your guests and family alike. The layout ensures both functionality and sociability, making it ideal for both everyday cooking and hosting gatherings.
With two double bedrooms, one also featuring its own balcony, this apartment provides a peaceful retreat while offering all the conveniences of modern living.
This spacious and well-laid-out apartment also offers approximately 73 square meters of comfortable living space. Energy-conscious buyers will appreciate the B-rated EPC, ensuring efficiency and reduced energy costs. With no forward chain, this home provides the perfect opportunity for a swift and hassle-free move-in.
Area Information: The town's standout attraction is the Historic Dockyard Chatham, located on the site of the former Chatham Dockyard. This fascinating destination is home to historic ships, artifacts, and exhibits that showcase the area's maritime heritage. Chatham's military legacy is also evident in Fort Amherst, built during the Napoleonic era to protect the Royal Dockyard from landward invasion and used through to the Second World War.
For those interested in military history, Brompton Barracks remains an active military base, and Kent's only designated museum of national importance, The Royal Engineers Museum, tells the incredible stories of heroism and bravery, adding another layer of intrigue to this historic town.
Amenities: Just a short distance from Chatham town centre, beyond the Historic Dockyard, you'll find a retail outlet centre offering a range of shops, restaurants, and cafes—perfect for a day of shopping and dining. Afterward, take a leisurely stroll along the scenic River Medway, where you can enjoy picturesque views of Upnor Castle, creating a perfect blend of history, relaxation, and modern conveniences.   Call the branch today to book your viewing appointment. Agents Note:- LEASE 125 years from 2018. It is understood that the Ground Rent equates to £150.00 PA for the first 25 years of the lease . We are advised that the Service Charge being paid by the current owners is £103.89 PCM After the first 25 years of the lease term the ground rent is scheduled to be:-  £250.00 PA for the next 25 years, increasing to £350.00 for the next 25 years and then £500.00 for the next 25 years and then £650.00 for the remaining term.

Agent Details

EweMove, Covering Strood & Walderslade

01634 959292

Next Steps?

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