3 Bed Semi-Detached House, Refurb/BRRR, Chatham, ME5 0PT, £325,000

King George Road, Walderslade, Chatham, Kent, ME5 0PT - 6 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+1 photos

ValuationFair Value

Sold Prices£220K - £540K
Sold Prices/m²£2.3K/m² - £4.9K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£324,564

 

 

End Value (After Refurb)

£340,075

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£45,600

Bridging Loan Interest

£8,531

Total Cash In

£151,831

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£340,075

Mortgage (After Refinance)

£255,056

Mortgage LTV

75%

Cash Released

£11,306

Cash Left In

£140,525

Equity

£85,019

Rent Range

£1,300 - £1,900

Rent Estimate

£1,450

Running Costs/mo

£1,373

Cashflow/mo

£77

Cashflow/yr

£927

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £220K to £540K, average is £295K. £2.3K/m² to £4.9K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£235K03/210 mi128, King George Road, Chatham, Medway ME5 0PT3
£283K08/210.06 mi13, Hurstwood, Chatham, Medway ME5 0XJ3
£315K06/230.11 mi55, Hurstwood, Chatham, Medway ME5 0XH3
£252.5K05/230.12 mi124, King George Road, Chatham, Medway ME5 0PS3
£270K02/210.12 mi102, King George Road, Chatham, Medway ME5 0PS3
£250K08/210.13 mi23, Pimpernel Way, Chatham, Medway ME5 0SF3
£220K03/210.13 mi32, Mayweed Avenue, Chatham, Medway ME5 0QA3
£245K12/200.14 mi8, Kemp Close, Chatham, Kent ME5 9SP3
£265K09/210.17 mi73, Watson Avenue, Chatham, Medway ME5 9SJ3
£356K12/220.17 mi15, Norton Grove, Chatham, Medway ME5 9BQ3
£275K04/210.17 mi8, Norton Grove, Chatham, Medway ME5 9BQ3
£293K06/230.19 mi57, Yarrow Road, Weeds Wood, Chatham, Medway ME5 0RY3
£310K03/230.2 mi6, Thorndale Close, Chatham, Medway ME5 9SW3
£315K04/230.21 mi239, King George Road, Chatham, Medway ME5 0PH3
£270K01/210.21 mi10, Larkspur Road, Chatham, Medway ME5 0RR3
£360K06/210.23 mi110, Chestnut Avenue, Chatham, Medway ME5 9BG3
£360K12/220.27 mi315, Maidstone Road, Chatham, Medway ME5 9SE3
£295K03/210.29 mi141, Barberry Avenue, Chatham, Medway ME5 9TF3
£295K01/210.29 mi109, Barberry Avenue, Chatham, Medway ME5 9TF3
£312K02/210.31 mi8, Repton Way, Chatham, Medway ME5 9AY3
£224K05/230.32 mi6, Silverweed Road, Chatham, Medway ME5 0UD3
£335K12/220.33 mi12, Silverweed Road, Chatham, Medway ME5 0UD3
£278K06/230.33 mi95, Harptree Drive, Chatham, Medway ME5 0TF3
£222K03/210.33 mi113, Harptree Drive, Chatham, Kent ME5 0TF3
£265K03/230.34 mi3, Brent Close, Chatham, Medway ME5 0TG3
£420K07/230.35 mi27, Bulrush Close, Chatham, Medway ME5 9BN3
£266K07/210.36 mi38, Weeds Wood Road, Chatham, Medway ME5 0QS3
£540K10/210.36 mi61, Chestnut Avenue, Walderslade, Chatham, Medway ME5 9BB3
£335K02/230.37 mi59, Concord Avenue, Chatham, Medway ME5 9TS3
£380K04/230.39 mi6, Oakland Close, Chatham, Medway ME5 9AW3
£425K11/200.4 mi30, York Avenue, Walderslade, Chatham, Medway ME5 9ER3
£240K05/210.43 mi26, Quickthorn Crescent, Chatham, Medway ME5 0TL3
£235K12/200.43 mi21, Quickthorn Crescent, Chatham, Medway ME5 0TL3
£345K06/230.44 mi24, Harptree Drive, Chatham, Medway ME5 0TH3
£287K06/210.44 mi57, Harptree Drive, Chatham, Medway ME5 0TH3
£330K12/200.44 mi38, Harptree Drive, Chatham, Kent ME5 0TH3
£350K12/220.45 mi23, Crescent Way, Chatham, Medway ME5 9SY3
£240K04/210.45 mi16, Madden Avenue, Chatham, Medway ME5 9TJ3
£245K12/200.48 mi199, Walderslade Road, Chatham, Kent ME5 0ND3
£250K03/210.49 mi223, Walderslade Road, Chatham, Kent ME5 0NQ3
£355K06/210.51 mi2, Mafeking Road, Walderslade, Chatham, Medway ME5 9HG3
£355K03/230.51 mi39, Vale Drive, Chatham, Medway ME5 9XB3
£460K05/230.51 mi275, Walderslade Road, Chatham, Medway ME5 0NH3
£278K04/210.52 mi2, Nicklaus Drive, Chatham, Medway ME5 9HQ3
£307K11/210.53 mi38, Greenway, Chatham, Medway ME5 9UX3
£290K06/210.54 mi8, Papion Grove, Chatham, Kent ME5 9BS3
£305K03/230.55 mi5, Princes Avenue, Chatham, Medway ME5 8BA3
£356K03/230.56 mi12, Juniper Close, Chatham, Medway ME5 0NX3
£350K11/200.57 mi35, Oakleigh Close, Walderslade, Chatham, Kent ME5 9EW3
£350K04/210.57 mi1, Oakleigh Close, Walderslade, Chatham, Kent ME5 9EW3

Local Rents

10 rents from £1.3K/mo to £1.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40006/240.01 miKing George Road, Chatham, Kent, ME53
£1,40007/240.15 miWoodhurst, Chatham3
£1,45004/250.29 mi-3
£1,45005/240.43 mi-3
£1,50006/240.43 miQuickthorn Crescent, Walderslade, Chatham, Kent, ME53
£1,45005/240.44 mi-3
£1,90003/250.52 mi-3
£1,60007/240.53 miGreenway, Chatham3
£1,30005/240.56 miMeadside Walk, Walderslade3
£1,70004/250.57 mi-3

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

1.65 miles away

Nearest school

0.30 miles away

Nearest train station

2.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £325,000

September 30, 2024

Floor Plans

Description

  • Large semi detached house with a driveway to the side +
  • In need of modernisation +
  • Potential to extend subject to planning +
  • Close to shops and schools and a short drive to M2/M20 motorway +
  • No chain +

This semi detached house offers a great opportunity to buy a home that could do with a total revamp to put your own stamp on it. A 3 bedroom semi detached house in need of some updating. Close to local amenities and shops. A short drive to the M2/M20 motorway connections. Offered with no chain! Don't delay your viewing.There is lots of potential with this property and is offered with no chain.  
Please refer to the footnote regarding the services and appliances.

Room sizes:

  • Entrance Porch
  • Entrance Hall
  • Lounge: 12'6 x 12'2 (3.81m x 3.71m)
  • Dining Area: 10'1 x 9'1 (3.08m x 2.77m)
  • Conservatory
  • Kitchen: 10'1 x 9'5 (3.08m x 2.87m)
  • Room 1
  • Room 2
  • Bedroom 1: 11'1 x 10'9 (3.38m x 3.28m)
  • Bedroom 2: 10'9 x 8'6 (3.28m x 2.59m)
  • Separate W.C.
  • Bathroom: 5'4 x 4'8 (1.63m x 1.42m)
  • Loft Room & Eaves
  • Driveway
  • Front Garden
  • Rear Garden  
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Wards, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Agent Details

Wards, Walderslade

01634 563719

Next Steps?

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