2 Bed Terraced House, Single Let, Chatham, ME5 8HJ, £240,000

Broadlands Drive, Walderslade, Kent, ME5 8HJ - 7 months ago

Sold STC
BTL
ROI: 2%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£195K - £385K
Sold Prices/m²£2.9K/m² - £6.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£281,946
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£1,100 - £1,500

Rent Estimate

£1,100

Running Costs/mo

£990

Cashflow/mo

£110

Cashflow/yr

£1,320

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £195K to £385K, average is £266.5K. £2.9K/m² to £6.2K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£250K06/230.16 mi33, Lambeth Close, Chatham, Medway ME5 8YL2
£278.5K07/230.17 mi5, Ballens Road, Chatham, Medway ME5 8NS2
£270K05/230.17 mi32, Wetheral Drive, Chatham, Medway ME5 8ES2
£211K02/230.19 mi22, Mckenzie Road, Chatham, Medway ME5 8DL2
£245K06/210.21 mi161, Princes Avenue, Chatham, Medway ME5 8AX2
£267K06/230.21 mi157, Princes Avenue, Chatham, Medway ME5 8AX2
£235K06/210.22 mi48, Kingston Crescent, Chatham, Medway ME5 8YW2
£235K02/210.23 mi31, Scotby Avenue, Chatham, Medway ME5 8EP2
£215K12/200.25 mi41, Croydon Close, Chatham, Medway ME5 8RT2
£240K01/210.25 mi42, Croydon Close, Chatham, Medway ME5 8RT2
£240K04/230.25 mi54, Croydon Close, Chatham, Medway ME5 8RT2
£235K12/200.26 mi27, Greenwich Close, Chatham, Kent ME5 8YS2
£237K06/210.28 mi17, Rothervale, Chatham, Kent ME5 8PN2
£270K07/230.28 mi23, Rothervale, Chatham, Medway ME5 8PN2
£315K02/230.28 mi38, Savage Road, Chatham, Medway ME5 8DZ2
£242K06/230.28 mi64, Savage Road, Chatham, Medway ME5 8DZ2
£260K03/230.28 mi50, Savage Road, Chatham, Medway ME5 8DZ2
£275K08/230.3 mi59, Weybridge Close, Chatham, Medway ME5 8RW2
£257.5K11/200.3 mi93, Princes Avenue, Chatham, Medway ME5 8AY2
£230K11/200.3 mi115, Kingston Crescent, Chatham, Kent ME5 8XG2
£206K12/200.34 mi28, Fanconi Road, Chatham, Kent ME5 8DE2
£252K03/230.34 mi7, Brownhill Close, Chatham, Medway ME5 0NN2
£280K11/200.34 mi15, Brownhill Close, Chatham, Medway ME5 0NN2
£305K02/210.34 mi16, Brownhill Close, Chatham, Medway ME5 0NN2
£270K05/230.34 mi45, Brenzett Close, Chatham, Medway ME5 7NB2
£290K04/230.35 mi175, Kingston Crescent, Chatham, Medway ME5 8YZ2
£240K08/210.37 mi38, Gatcombe Close, Chatham, Kent ME5 7RD2
£278K07/230.4 mi24, Romney Road, Chatham, Medway ME5 7LU2
£195K12/200.42 mi35, Chevening Close, Chatham, Medway ME5 7PZ2
£301K06/210.44 mi27, Princes Avenue, Chatham, Medway ME5 8BA2
£266K05/230.44 mi21, Bronington Close, Chatham, Medway ME5 7RA2
£292.5K04/230.46 mi58, Winchelsea Road, Chatham, Medway ME5 7LT2
£310K05/230.49 mi5, Severn Road, Chatham, Medway ME5 8JN2
£350K04/230.5 mi4, Swingate Close, Chatham, Medway ME5 8RH2
£325K11/200.5 mi3, Swingate Close, Chatham, Medway ME5 8RH2
£305K01/230.5 mi4, Tyne Close, Chatham, Medway ME5 8JQ2
£295K12/220.51 mi24, Nash Close, Chatham, Medway ME5 8QW2
£287K02/230.52 mi18, Nash Close, Chatham, Medway ME5 8QW2
£235K02/210.52 mi21, Nash Close, Chatham, Medway ME5 8QW2
£210K03/210.53 mi145, Ballens Road, Chatham, Medway ME5 8PG2
£275K03/230.54 mi15, Winchelsea Road, Chatham, Medway ME5 7LY2
£385K04/230.54 mi110, Ballens Road, Chatham, Medway ME5 8PG2
£245K08/210.54 mi18, Burmarsh Close, Chatham, Medway ME5 7LZ2
£233K07/210.54 mi36, Burmarsh Close, Chatham, Kent ME5 7LZ2
£220K04/210.54 mi1, Burmarsh Close, Chatham, Medway ME5 7LZ2
£220K11/200.54 mi33, Burmarsh Close, Chatham, Kent ME5 7LZ2
£272K06/210.54 mi24, Burmarsh Close, Chatham, Medway ME5 7LZ2
£285K01/230.54 mi23, Burmarsh Close, Chatham, Medway ME5 7LZ2
£278K12/220.54 mi40, Burmarsh Close, Chatham, Medway ME5 7LZ2
£355K04/230.55 mi12, Stag Road, Chatham, Medway ME5 8LG2

Local Rents

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

RentDateDistanceAddressBeds 
£1,25002/250.28 mi-2
£1,30005/240.28 miRothervale, Chatham, Kent, ME52
£1,29503/250.3 mi-2
£1,50005/240.35 miDarenth Rise, Lordswood, Chatham2
£1,25007/240.39 miBrenzett Close, Chatham, ME52
£1,25007/240.39 miBrenzett Close, Chatham, ME52
£1,25007/240.39 miBrenzett Close, Chatham, ME52
£1,25007/240.39 mi-2
£1,10005/240.39 miHornbeam Avenue, Chatham2
£1,20007/240.47 miWalderslade Road, Chatham, Kent, ME52
£1,45006/240.48 mi-2
£1,45008/240.48 mi-2
£1,10005/240.55 miStag Road, Chatham, Kent, ME52
£1,40001/250.58 mi-2
£1,39505/240.6 mi-2
£1,15007/240.6 miIllustrious Close, Chatham2
£1,10006/240.61 miResolution Close, Chatham, Kent, ME52
£1,27505/240.61 miRamillies Close, ME52
£1,30007/240.61 miBallens Road, Chatham2

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

1.71 miles away

Nearest school

0.20 miles away

Nearest train station

2.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £240,000

September 26, 2024

Sold for £125,000

2010

Sold for £130,000

2006

Floor Plans

Description

  • Two double bedrooms +
  • Popular Location +
  • Garage & Parking +
  • Close to Local Schools & Amenities +
  • Ideal First Time Buy/Investment +
  • Close to Motorway Links +

Guide Price £240,000 - £260,000

Located on Broadlands Drive in Walderslade, this charming property offers a well-designed layout.

On the ground floor, you'll find a welcoming porch, a spacious living room, and large kitchen-diner that spans the rear of the house, with direct access to the garden, perfect for outdoor entertaining.

Upstairs, the first floor features two generously sized double bedrooms and a well appointed family bathroom.

The property also benefits from a garage en bloc with convenient parking space in front.

This home provides a comfortable and functional living space ideal for a variety of lifestyles.

Exterior
Rear Garden: Patio area
Garage : Garage and Driveway to front.

Key Terms
Council Tax Band C

Agent Details

Robinson Michael & Jackson, Walderslade

01634 959302

Next Steps?

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