2 Bed Terraced House, Cash/Bridging Only, Chatham, ME5 7JP, £160,000

Church Terrace, Chatham, Kent, ME5 7JP - 5 views - 6 months ago

Sold STC
Cash
ROI: 4%
~68 m²
+1 photos

ValuationFair Value

Sold Prices£140K - £369.8K
Sold Prices/m²£1.7K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£163,200

 

 

End Value (After Refurb)

£218,258

Uplift in Value

+36%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£33,396

Bridging Loan Interest

£4,200

Total Cash In

£85,346

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£218,258

Agent Fees (1%)

£2,183

Bridging Loan

£120,000

Bridging Loan Interest

£4,200

Flip Profit

£10,729

Local Sold Prices

52 sold prices from £140K to £369.8K, average is £218.3K. £1.7K/m² to £5.2K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£227.5K04/230.12 mi41, Queens Road, Chatham, Medway ME5 7JS2
£210K05/230.12 mi13, Coronation Road, Chatham, Medway ME5 7DD2
£220K06/230.13 mi10, Kings Road, Chatham, Medway ME5 7JY2
£220K06/230.13 mi10, Kings Road, Chatham, Medway ME5 7JY2
£165K01/210.14 mi401, Luton Road, Chatham, Medway ME4 5BH2
£153K06/210.14 mi405, Luton Road, Chatham, Medway ME4 5BH2
£198K11/230.15 mi33, First Avenue, Chatham, Medway ME4 5AT2
£177.5K01/210.16 mi11, Capstone Road, Chatham, Medway ME5 7NH2
£170K01/210.21 mi6, Edinburgh Road, Chatham, Kent ME4 5BY2
£165K03/210.23 mi359, Luton Road, Chatham, Medway ME4 5BJ2
£197.5K05/210.23 mi23, Upper Luton Road, Chatham, Medway ME5 7BH2
£230K11/200.28 mi63, Settington Avenue, Chatham, Kent ME5 0AG2
£220.5K06/210.28 mi89, Settington Avenue, Chatham, Medway ME5 0AG2
£245K06/210.28 mi57, Settington Avenue, Chatham, Medway ME5 0AG2
£257.5K12/220.29 mi53, Settington Avenue, Chatham, Medway ME5 0AG2
£230K01/230.3 mi64, Connaught Road, Chatham, Medway ME4 5DH2
£157K11/200.3 mi83, Connaught Road, Chatham, Medway ME4 5DH2
£227K01/230.31 mi18, Eva Road, Gillingham, Medway ME7 5NE2
£210K04/210.34 mi17, Bracken Lea, Chatham, Medway ME5 0BZ2
£220K08/210.34 mi20, Bracken Lea, Chatham, Medway ME5 0BZ2
£181.5K10/200.35 mi14, Alfred Close, Chatham, Medway ME4 5EE2
£218K02/240.35 mi19, Alfred Close, Chatham, Medway ME4 5EE2
£180K01/210.36 mi271, Luton Road, Chatham, Kent ME4 5BN2
£235K01/230.38 mi6, Stonecross Lea, Chatham, Medway ME5 0BL2
£232.5K03/230.38 mi17, Stonecross Lea, Chatham, Medway ME5 0BL2
£220K03/210.4 mi9, Stonecross Lea, Chatham, Medway ME5 0BL2
£260K11/220.4 mi131, Shakespeare Road, Gillingham, Medway ME7 5QB2
£240K05/230.42 mi25, Grove Road, Chatham, Medway ME4 5HS2
£214.4K01/230.42 mi59, St Johns Road, Gillingham, Medway ME7 5QE2
£230K05/230.43 mi82, Victoria Road, Chatham, Medway ME4 5EU2
£205K03/210.43 mi2b, Tennyson Road, Gillingham, Medway ME7 5QD2
£230K10/210.43 mi7, Tennyson Road, Gillingham, Medway ME7 5QD2
£270K04/230.46 mi46, Rowan Lea, Chatham, Medway ME5 0BQ2
£200K05/210.46 mi13, Cobden Road, Chatham, Medway ME4 5HW2
£225K10/230.46 mi25, Cobden Road, Chatham, Medway ME4 5HW2
£205K01/240.46 mi29, Cobden Road, Chatham, Medway ME4 5HW2
£267K06/230.47 mi57, Crestway, Chatham, Medway ME5 0BD2
£290K06/210.49 mi63, Holmside, Gillingham, Medway ME7 4BG2
£178K01/210.5 mi26, Grange Hill, Chatham, Medway ME5 7AH2
£175K03/210.5 mi17, Grange Hill, Chatham, Medway ME5 7AH2
£140K03/240.5 mi10, Victoria Road, Chatham, Medway ME4 5EY2
£140K03/240.5 mi10, Victoria Road, Chatham, Medway ME4 5EY2
£210K10/230.51 mi7, Castle Road, Chatham, Medway ME4 5HG2
£369.8K08/210.52 mi13, Rowland Avenue, Gillingham, Medway ME7 3DL2
£218.5K06/230.52 mi22, Dagmar Road, Chatham, Medway ME4 5HB2
£155K06/210.54 mi79, Castle Road, Chatham, Medway ME4 5HX2
£167K09/210.54 mi84, Castle Road, Chatham, Medway ME4 5HX2
£225K12/220.54 mi92, Castle Road, Chatham, Medway ME4 5HX2
£242.5K05/210.55 mi35, Shanklin Close, Chatham, Medway ME5 7QL2
£232.5K06/210.56 mi38, Shanklin Close, Chatham, Medway ME5 7QL2
£212.5K04/230.57 mi160, Castle Road, Chatham, Medway ME4 5HY2
£180K02/240.57 mi116, Castle Road, Chatham, Medway ME4 5HY2

Local Rents

48 rents from £975/mo to £2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20007/240.1 miWard View, Chatham, 2
£1,15007/240.14 miUpper Luton Road, Chatham, Kent, ME52
£1,20005/240.14 miUpper Luton Road, Chatham, Kent, ME52
£1,20006/240.14 miUpper Luton Road, Chatham, Kent, ME52
£1,30006/240.22 miEdinburgh Road, Chatham, Kent, ME42
£1,40003/250.27 mi-2
£1,25006/240.28 miChatham Hill, Chatham, ME52
£1,25007/240.28 miChatham Hill, Chatham, ME52
£1,25007/240.28 mi-2
£1,10005/240.29 miChatham Hill, Chatham2
£1,20005/240.29 miChatham Hill, Chatham, Kent, ME52
£1,41012/240.32 mi-2
£1,05006/240.34 mi-2
£1,05006/240.34 mi-2
£1,05006/240.34 mi-2
£1,25007/240.39 mi-2
£1,25007/240.39 miStonecross Lea, Chatham, ME52
£1,30006/240.39 miMilton Road, Gillingham2
£1,35012/240.39 mi-2
£1,25006/240.4 miImperial Road, Gillingham2
£1,20008/240.42 mi-2
£1,30012/240.43 mi-2
£1,20003/240.43 miWatling Street,Gillingham,ME72
£1,05005/240.44 miLuton Road, Chatham2
£1,25003/250.44 mi-2
£1,25002/250.45 mi-2
£1,15008/240.46 mi-2
£1,15007/240.46 miConstitution Road, Chatham, ME52
£1,15007/240.46 miConstitution Road, Chatham, ME52
£1,10001/240.46 mi-2
£1,10005/240.47 miVictoria Road, Chatham2
£1,40006/240.51 mi-2
£1,35005/240.51 mi-2
£1,20005/240.52 miThorold Road, Chatham, Kent, ME52
£1,45007/240.54 mi-2
£1,45007/240.54 miCastle Road, Chatham, ME42
£1,30005/240.54 miShanklin Close, Chatham, Kent, ME52
£1,20007/240.56 miShanklin Close, Chatham, Kent, ME52
£1,30008/240.57 miGordon Road Chatham ME42
£1,20006/240.57 miGordon Road, Chatham2
£1,15006/240.57 miGordon Road, Chatham2
£2,05004/240.58 mi-2
£1,30003/240.58 miShakespeare Road,Gillingham,ME72
£1,37505/240.58 miCanterbury Street Gillingham ME72
£1,15007/240.59 miGordon Road, CHATHAM2
£97505/240.6 miAlton Mews, Canterbury Street, Gillingham, ME7 2
£1,35007/240.62 mi-2
£1,20005/240.62 miCanterbury Street Gillingham ME72

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

0.89 miles away

Nearest school

0.20 miles away

Nearest train station

1.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £160,000

October 3, 2024

Description

  • Close to public transport +
  • NO forward chain +
  • Two bedrooms and two reception rooms +
  • GREAT INVESTMENT PROPERTY +
  • full refurbishment needed +

Welcome to Church Terrace, Chatham, where an exceptional investment opportunity awaits! This 2-bedroom house is now available for sale with NO forward chain, offering tremendous potential for those seeking a property with great investment value. Priced at £160,000.00, this property is an ideal choice for investors and first-time home-buyers looking to refurbish and create their dream home.

Conveniently located close to public transport, this property is situated within close proximity to Chatham Town Centre and other local amenities 

Don't miss out on the chance to create your ideal living space in this sought-after location!

CASH BUYERS ONLY!!!

Agent Details

Purpleproperty, Gillingham

01634 563676

Next Steps?

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