3 Bed Detached House, Refurb/BRRR, Chatham, ME5 7JN, £390,000

Swift Crescent, Lordswood, Chatham, ME5 7JN - 7 months ago

Sold STC
Refurb/BRRR
~137 m²
+15 photos

ValuationUndervalued

Sold Prices£216K - £395K
Sold Prices/m²£2.3K/m² - £6.5K/m²

 

 

Square Metres

~136.50 m²
Price/m²£2.9K/m²

Value Estimate

£401,700
BMV3%

 

 

End Value (After Refurb)

£581,298

Uplift in Value

+49%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£97,500

Stamp Duty & Legal Fees

£30,200

Refurb Costs

£66,929

Bridging Loan Interest

£10,238

Total Cash In

£206,617

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£581,298

Agent Fees (1%)

£5,813

Bridging Loan

£292,500

Bridging Loan Interest

£10,238

Flip Profit

£76,368

Local Sold Prices

50 sold prices from £216K to £395K, average is £282.3K. £2.3K/m² to £6.5K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£232.5K01/210.13 mi23, Halifax Close, Chatham, Kent ME5 7QR3
£285K05/230.17 mi1, Spitfire Close, Chatham, Medway ME5 7QW3
£240K04/210.17 mi17, Spitfire Close, Chatham, Medway ME5 7QW3
£385K03/210.21 mi4, Stanley Road, Chatham, Medway ME5 8LN3
£395K03/230.21 mi2, Defoe Close, Chatham, Medway ME5 7TJ3
£330K01/230.24 mi34, Sheridan Close, Chatham, Medway ME5 7NS3
£248K05/210.24 mi23, Sheridan Close, Chatham, Medway ME5 7NS3
£375K01/230.26 mi2, Emily Road, Chatham, Medway ME5 7LF3
£300K06/210.27 mi9, Emily Road, Chatham, Medway ME5 7LF3
£250K03/210.27 mi43, Stag Road, Chatham, Medway ME5 8LG3
£285K09/210.27 mi25, Stag Road, Chatham, Kent ME5 8LG3
£312.5K12/200.27 mi65, Christie Close, Chatham, Medway ME5 7NQ3
£340K11/210.32 mi8, Tyne Close, Chatham, Medway ME5 8JQ3
£370K07/230.35 mi33, Wittersham Close, Chatham, Medway ME5 7NA3
£282.5K03/230.35 mi41, Wittersham Close, Chatham, Medway ME5 7NA3
£345K11/200.35 mi328, Lords Wood Lane, Chatham, Kent ME5 8JT3
£235K12/200.36 mi15, Hampshire Close, Chatham, Medway ME5 7SG3
£380K03/230.36 mi342a, Lords Wood Lane, Chatham, Medway ME5 8JT3
£248K04/210.38 mi46, Mermaid Close, Chatham, Medway ME5 7PT3
£310K02/230.38 mi20, Wordsworth Close, Chatham, Medway ME5 7NU3
£245K11/210.38 mi23, Wordsworth Close, Chatham, Medway ME5 7NU3
£280K11/210.39 mi63, Winchelsea Road, Chatham, Kent ME5 7LT3
£255K04/210.43 mi96, Heron Way, Chatham, Kent ME5 7RH3
£225K03/210.43 mi14, Fisher Road, Chatham, Medway ME5 7RU3
£290K03/210.43 mi47, Illustrious Close, Chatham, Medway ME5 7RW3
£229K04/210.44 mi32, Chaffinch Close, Chatham, Kent ME5 7RG3
£216K12/200.45 mi18, Vulcan Close, Chatham, Kent ME5 7RR3
£267.5K01/210.45 mi33, Freshwater Road, Chatham, Medway ME5 7SZ3
£298K04/210.46 mi6, Resolution Close, Chatham, Medway ME5 7RJ3
£332K04/230.46 mi32, Raleigh Close, Chatham, Medway ME5 7SB3
£282K07/230.48 mi139, Churchill Avenue, Chatham, Medway ME5 0DG3
£233K04/210.48 mi99, Churchill Avenue, Chatham, Medway ME5 0DG3
£270K11/200.49 mi8, Goose Close, Chatham, Medway ME5 7SX3
£312K11/200.5 mi34, Limetree Close, Chatham, Medway ME5 0DR3
£380K07/230.5 mi12, Limetree Close, Chatham, Medway ME5 0DR3
£260K01/210.5 mi38, Churchill Avenue, Chatham, Medway ME5 0DL3
£235K08/210.5 mi121, Ryde Close, Chatham, Medway ME5 7QJ3
£360K03/230.51 mi35, Fallowfield, Chatham, Medway ME5 0DX3
£315K03/210.52 mi15, Merton Close, Chatham, Medway ME5 8YX3
£300K01/230.52 mi215, Churchill Avenue, Chatham, Medway ME5 0DQ3
£235K07/210.52 mi35, Heritage Road, Chatham, Medway ME5 7SQ3
£265K03/210.53 mi173, Kingston Crescent, Chatham, Medway ME5 8YZ3
£265K10/210.54 mi10, Camden Close, Chatham, Kent ME5 8YF3
£300K07/230.55 mi11, Bilsington Close, Chatham, Medway ME5 7NE3
£270K03/230.55 mi3, Bilsington Close, Chatham, Medway ME5 7NE3
£265K04/210.55 mi16, Montgomery Avenue, Chatham, Medway ME5 0HA3
£320K07/230.55 mi12, Montgomery Avenue, Chatham, Medway ME5 0HA3
£280K05/210.56 mi114, Churchill Avenue, Chatham, Medway ME5 0DH3
£270K01/230.58 mi46, Shanklin Close, Chatham, Medway ME5 7QL3
£390K03/230.58 mi3, Glamis Close, Chatham, Medway ME5 7QQ3

Local Rents

12 rents from £675/mo to £2K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,35005/240.13 miHalifax Close Chatham ME53
£1,60001/250.23 mi-3
£1,50005/240.27 miChristie Close , Chatham , Kent 3
£1,40005/240.39 mi-3
£2,00012/240.45 mi-3
£1,45005/240.47 mi-3
£1,52507/240.47 mi-3
£1,35008/240.55 mi-3
£1,35007/240.55 miHeritage Road, Chatham, ME53
£1,65007/240.58 miMountbatten Avenue, Chatham, Kent 3
£1,70007/240.62 mi-3
£67507/240.62 mi-3

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

1.10 miles away

Nearest school

0.20 miles away

Nearest train station

1.97 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 £390,000

January 7, 2025

Listed for £400,000

September 18, 2024

Floor Plans

Description

  • CHAIN FREE +
  • Spacious Detached Property +
  • In Need Of Modernisation +
  • Verstalie Layout +
  • Three Bedrooms +
  • Large Family Size Kitchen +
  • Utility Room & Conservatory +
  • Large Private Rear Garden +
  • Large Integral Garage & Driveway +
  • Close To Local Amenities, Schools & Motorway Links +

This CHAIN FREE Detached 1960's Bungalow is set back from the road and has such a huge amount of curb appeal. As soon as you approach the large family driveway, you can instantly see how much scope and potential this property has to offer. Having just one previous owner, who designed and built this family home, it is now time for the next owner to completely renovate the property and make it their dream home.  The property comprises of Porch, Lounge, Dining Room, Kitchen, Utility Room, Family Bathroom, Family Shower Room, Three Bedrooms and a Conservatory.  The home itself has been designed with such a versatile layout, that also offers not only a integral Garage but also a useable loft space. These rooms can easily be incorporated into the main living space of the home and can create two additional reception rooms. Perfect for any growing family!  Externally this property also comes into it's own, when you step out into the Private Rear Garden. This established Garden has a patio area, a large lawn area, as well as a pond. This would make a great space for entertaining family and friends.  If additional storage is important to you, this home also comes with a second Garage at the front of the property as well as Greenhouse that is remaining in the Garden.  Location This ever popular location offers the best of both worlds, having many amenities within easy reach including Walderslade Village, a supermarket, public transport facilities as well as being only a short drive to both the M2 and M20. Rochester and Chatham train stations are approximately a ten minute drive away, providing high speed trains into Central London in only forty minutes. The area is home to highly regarded schools for all ages, including: * Swingate Primary School
* Kings School
* St Thomas More Primary School: Ofsted Outstanding
* The Rochester Grammar School: Ofsted Outstanding
* Sir Joseph Williamson's Mathematical School: Ofsted Outstanding
* Luton Junior School: Ofsted Outstanding Walderslade Village caters for most shopping needs with a supermarket, post office, hairdressers, doctors, a village pub and several restaurants and takeaways. The nearby town centre of Rochester and Hempstead Valley Shopping Centre offer plentiful shopping. Bluewater Shopping Centre is also only just a twenty-five minute drive away.

Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, South East & London

01322 952994

Next Steps?

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