3 Bed Flat, Cash/Bridging Only, Chatham, ME5 7ES, £150,000

Watling Street, Chatham, Kent, ME5 7ES - 6 months ago

Sold STC

Leasehold

Cash

ROI: 4%

~93 m²

+11 photos

ValuationFair Value

Sold Prices	£150K - £464.5K
Sold Prices/m²	£3K/m² - £4.5K/m²

Square Metres	~93 m²
Price/m²	£1.6K/m²
Value Estimate	£151,500£151,500

End Value (After Refurb)	£268,724£268,724
Uplift in Value	+79%+79%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£37,500£37,500
Stamp Duty & Legal Fees	£9,200£9,200
Refurb Costs	£45,600£45,600
Bridging Loan Interest	£3,938£3,938
Total Cash In	£97,988£97,988

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£268,724£268,724
Agent Fees (1%)	£2,687£2,687
Bridging Loan	£112,500£112,500
Bridging Loan Interest	£3,938£3,938
Flip Profit	£55,549£55,549

Local Sold Prices

15 sold prices from £150K to £464.5K, average is £325K. £3K/m² to £4.5K/m², average is £3.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£160K	05/23	0.53 mi	Flat 17, Kingsdale Court, Hopewell Drive, Chatham, Medway ME5 7NN	-	-	3	Flat
£228K	10/22	0.77 mi	185a, Canterbury Street, Gillingham, Medway ME7 5TU	-	-	3	Flat
£216.5K	11/22	0.83 mi	10, Thorold Road, Chatham, Medway ME5 7EA	-	-	3	Flat
£150K	03/21	1.68 mi	132, Melville Court, Chatham, Medway ME4 4XL	-	-	3	Flat
£377.5K	01/21	1.7 mi	330, Lords Wood Lane, Chatham, Medway ME5 8JT	£2,972	127	3	Flat
£360K	04/21	1.8 mi	64a, Durham Road, Gillingham, Medway ME8 0JJ	-	-	3	Flat
£464.5K	02/21	2.31 mi	532, Maidstone Road, Gillingham, Medway ME8 0NW	£4,544	102	3	Flat
£217.7K	11/22	2.32 mi	22, Admirals Walk, Chatham, Medway ME5 8NL	-	-	3	Flat
£321K	12/22	2.35 mi	51, Phalarope Way, St Marys Island, Chatham, Medway ME4 3JN	£3,242	99	3	Flat
£325K	11/23	2.5 mi	35, Goldcrest Drive, St Marys Island, Chatham, Medway ME4 3SD	£3,827	85	3	Flat
£295K	12/20	2.55 mi	33, Little Victory Mount, St Marys Island, Chatham, Medway ME4 3TB	£3,554	83	3	Flat
£335K	01/21	2.55 mi	1, Sealand Court, Rochester, Medway ME1 1QH	-	-	3	Flat
£400K	11/23	2.55 mi	21, Sealand Court, Rochester, Medway ME1 1QH	£3,636	110	3	Flat
£400K	01/23	2.55 mi	28, Sealand Court, Rochester, Medway ME1 1QH	£3,690	108	3	Flat
£372.5K	04/21	2.58 mi	Flat 53, Bridge House, Valetta Way, Rochester, Medway ME1 1LQ	-	-	3	Flat

Local Rents

51 rents from £650/mo to £2.3K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,700	05/24	0.08 mi	Chester Road, Gillingham	3	Flat
£1,450	07/24	0.09 mi	Star Mill Lane, Gillingham, Kent, ME5	3	Terraced House
£1,400	05/24	0.13 mi	Rainham Road,Chatham,ME5	3	Terraced House
£1,375	01/24	0.21 mi	-	3	Terraced House
£1,300	03/24	0.22 mi	St. Johns Road,Gillingham,ME7	3	Terraced House
£1,350	05/24	0.22 mi	St. Johns Road, GILLINGHAM	3	House
£1,500	03/25	0.23 mi	-	3	Terraced House
£1,350	04/25	0.23 mi	-	3	Terraced House
£1,700	05/24	0.24 mi	Chatham, ME5	3	Detached House
£1,500	04/25	0.28 mi	-	3	Terraced House
£1,200	06/24	0.31 mi	Coronation Road, Chatham, ME5	3	Terraced House
£1,200	07/24	0.31 mi	-	3	Terraced House
£1,600	03/25	0.32 mi	-	3	Semi-Detached House
£1,350	03/25	0.33 mi	-	3	Terraced House
£1,000	05/24	0.33 mi	Milton Road, , Gillingham	3	Flat
£1,500	12/24	0.34 mi	-	3	Terraced House
£1,400	05/24	0.34 mi	Canterbury Street, Gillingham, Kent, ME7	3	Flat
£1,250	05/24	0.34 mi	Milton Road, Gillingham, Kent, ME7	3	Flat
£1,475	06/24	0.35 mi	Milton Road, Gillingham, Kent, ME7	3	Terraced House
£1,450	06/24	0.35 mi	Milton Road, GILLINGHAM	3	House
£1,450	06/24	0.35 mi	Milton Road, Gillingham, ME7	3	Terraced House
£1,250	07/24	0.35 mi	Kings Road Chatham ME5	3	Terraced House
£1,650	12/24	0.36 mi	-	3	Flat
£1,700	04/25	0.36 mi	-	3	Flat
£1,600	12/24	0.37 mi	-	3	Terraced House
£1,420	01/25	0.39 mi	-	3	Terraced House
£1,400	05/24	0.39 mi	-	3	Semi-Detached House
£1,400	03/24	0.4 mi	Luton Road, Chatham, ME4	3	Terraced House
£1,400	05/24	0.45 mi	-	3	Terraced House
£1,350	12/24	0.46 mi	-	3	Terraced House
£2,300	06/24	0.46 mi	-	3	Detached House
£2,300	12/24	0.46 mi	-	3	Detached House
£1,300	05/24	0.48 mi	Tennyson Road Gillingham ME7	3	Terraced House
£1,350	04/25	0.49 mi	-	3	Terraced House
£1,200	06/24	0.49 mi	-	3	Terraced House
£1,800	03/25	0.49 mi	-	3	Detached House
£1,600	06/24	0.51 mi	Hunters Way, Gillingham, Kent	3	Terraced House
£1,400	05/24	0.51 mi	Louisville Avenue, Gillingham	3	Terraced House
£1,400	04/25	0.52 mi	-	3	Terraced House
£650	12/24	0.52 mi	-	3	Terraced House
£1,300	05/24	0.52 mi	Shakespeare Road, Gillingham, Kent, ME7	3	Terraced House
£1,250	04/25	0.53 mi	-	3	Terraced House
£1,400	02/24	0.53 mi	-	3	Terraced House
£1,440	01/25	0.53 mi	-	3	Terraced House
£1,400	08/24	0.54 mi	-	3	Terraced House
£1,400	05/24	0.55 mi	-	3	Terraced House
£1,400	05/24	0.55 mi	-	3	Terraced House
£1,350	07/24	0.55 mi	-	3	Terraced House
£1,500	05/24	0.55 mi	Upper Luton Road, Chatham, ME5	3	Terraced House
£1,350	06/24	0.55 mi	Upper Luton Road, Chatham, ME5	3	Terraced House
£1,550	12/24	0.55 mi	-	3	Terraced House

Local Area Statistics

Population in ME5	51,76451,764
Population in Chatham	82,04482,044
Town centre distance	1.18 miles away1.18 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.95 miles away0.95 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+17%+17%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+21%+21%

Property History

Price changed to £150,000

February 20, 2025

Listed for £175,000

October 11, 2024

Floor Plans

Description

Three Bedrooms +
Apartment +
Two Floors +
Balcony +
Chain Free +
Close To Local Amenities +
Cash Buyers Only +
Energy Efficiency Rating: C +

*CHAIN FREE - CASH BUYERS ONLY*

Superb three bedroom apartment arranged over two floors situated in central position with amenities and transport links nearby.

This spacious property comprises three bedrooms and a shower room with separate wc. on the second floor and a kitchen/dining room, reception room and a utility/shower room on the first floor, making it an ideal apartment for families or those who work from home and need a home office or two!

This is a leasehold apartment with approximately 60 years remaining on the lease so is offered to the market for cash buyers only and will be sold chain free.

Service Charge: £1,000 p/a approx | Ground Rent: £30 p/a approx |

Agent Details

Acorn, Rainham

01634 566527

Next Steps?

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ValuationFair Value

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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