3 Bed Terraced House, Single Let, Chatham, ME4 5LS, £200,000

Portland Street, Chatham, Kent, ME4 5LS - 2 views - 6 months ago

Sold STC
BTL
ROI: 7%
~93 m²

ValuationUndervalued

Sold Prices£157K - £280K
Sold Prices/m²£1.8K/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£240,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£62,700

 

 

Cash Out

 

Rent Range

£1,100 - £3,250

Rent Estimate

£1,238

Running Costs/mo

£893

Cashflow/mo

£345

Cashflow/yr

£4,145

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £157K to £280K, average is £217.5K. £1.8K/m² to £4.4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£232K07/230.02 mi10, Waghorn Street, Chatham, Medway ME4 5LT3
£195K11/210.03 mi22, Gordon Road, Chatham, Kent ME4 5LR3
£235K12/230.06 mi37a, Gordon Road, Chatham, Medway ME4 5LU3
£240K11/210.06 mi60, Gordon Road, Chatham, Medway ME4 5LU3
£200K08/210.12 mi42, Magpie Hall Road, Chatham, Medway ME4 5ND3
£207.5K06/230.12 mi145, Magpie Hall Road, Chatham, Medway ME4 5ND3
£260K12/220.12 mi31, Bright Road, Chatham, Medway ME4 5HH3
£202K11/200.12 mi137, Castle Road, Chatham, Medway ME4 5HY3
£166K03/240.13 mi28a, East Street, Chatham, Medway ME4 5NJ3
£200K01/210.13 mi1, East Street, Chatham, Medway ME4 5NJ3
£225K01/240.13 mi43, Chamberlain Road, Chatham, Medway ME4 5HT3
£270K09/210.13 mi26, Ruth Street, Chatham, Medway ME4 5NU3
£268K06/210.14 mi2, Dagmar Road, Chatham, Medway ME4 5HA3
£250K09/230.14 mi2, Cobden Road, Chatham, Medway ME4 5HW3
£205K09/230.15 mi58, Melbourne Road, Chatham, Medway ME4 5PB3
£265K08/210.15 mi30, Dagmar Road, Chatham, Medway ME4 5HB3
£185K03/210.17 mi169, Luton Road, Chatham, Medway ME4 5AE3
£270K07/230.17 mi129, Luton Road, Chatham, Medway ME4 5AE3
£220K11/200.17 mi26, Clarence Road, Chatham, Medway ME4 5EJ3
£248K08/230.17 mi7, Hope Street, Chatham, Medway ME4 5NL3
£175K11/200.18 mi29, Grove Road, Chatham, Medway ME4 5HS3
£185.5K10/210.19 mi206, Castle Road, Chatham, Medway ME4 5HZ3
£195K11/230.19 mi72, Sturla Road, Chatham, Medway ME4 5QL3
£208K05/210.19 mi132, Glencoe Road, Chatham, Medway ME4 5QF3
£220K02/230.2 mi91, Sturla Road, Chatham, Medway ME4 5QJ3
£185K04/210.2 mi215, Luton Road, Chatham, Medway ME4 5BW3
£195K01/210.2 mi60, Victoria Road, Chatham, Medway ME4 5EU3
£245K02/230.22 mi37, Clarence Road, Chatham, Medway ME4 5EH3
£255K02/230.22 mi28, Sawyers Court, Chatham, Medway ME4 5JH3
£163K11/200.22 mi55, Thorold Road, Chatham, Medway ME5 7EB3
£225K03/210.23 mi24, Sawyers Court, Chatham, Medway ME4 5JH3
£213.5K04/210.24 mi31, Mills Terrace, Chatham, Kent ME4 5NY3
£240K06/230.24 mi50, Seymour Road, Chatham, Medway ME5 7AE3
£188K12/200.24 mi36, Albert Road, Chatham, Medway ME4 5PZ3
£259K02/240.25 mi50, Ernest Road, Chatham, Medway ME4 5PT3
£215K10/230.25 mi34, Lester Road, Chatham, Medway ME4 5NP3
£220K08/230.25 mi38, Lester Road, Chatham, Medway ME4 5NP3
£167K04/210.25 mi66, Glencoe Road, Chatham, Medway ME4 5QE3
£280K12/220.25 mi39, Constitution Road, Chatham, Medway ME5 7DN3
£157K06/210.26 mi45, Sydney Road, Chatham, Medway ME4 5PP3
£240K06/210.26 mi265a, Luton Road, Chatham, Medway ME4 5BN3
£180K10/210.26 mi40, Otway Street, Chatham, Medway ME4 5PL3
£186K09/210.26 mi261, Castle Road, Chatham, Medway ME4 5JA3
£221K08/210.27 mi70, Otway Street, Chatham, Medway ME4 5PL3
£265K01/230.27 mi134, Victoria Road, Chatham, Medway ME4 5EL3
£177.5K03/230.28 mi5, Cromwell Terrace, Chatham, Medway ME4 5PQ3
£180K02/230.28 mi71, Albany Road, Chatham, Medway ME4 5DN3
£230K03/230.28 mi38, Upper Luton Road, Chatham, Medway ME5 7BG3
£220K02/230.28 mi61, Albany Road, Chatham, Medway ME4 5DN3
£180K04/210.28 mi27, Albert Road, Chatham, Medway ME4 5PY3

Local Rents

50 rents from £1.1K/mo to £3.3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35007/240.01 miPortland Street, Chatham3
£1,25005/240.03 miGordon Road, ME43
£1,34501/250.04 mi-3
£1,50012/240.07 mi-3
£1,80012/240.1 mi-3
£1,27505/240.1 mi-3
£1,25005/240.11 miMagpie Hall Road, Chatham3
£1,40004/250.11 mi-3
£1,35006/240.12 miGordon Road, Chatham, Kent, ME43
£1,35007/240.12 miGordon Road, Chatham3
£1,30005/240.14 mi-3
£1,75004/250.14 mi-3
£1,70005/240.14 miMagpie Hall Road, Chatham, ME43
£1,70005/240.14 mi-3
£1,45007/240.15 miDagmar Road, Chatham, ME43
£1,35007/240.15 miDagmar Road Chatham ME43
£1,30011/240.16 mi-3
£3,25001/250.16 mi-3
£3,25004/250.16 mi-3
£1,10004/250.18 mi-3
£1,40007/240.18 mi-3
£1,35006/240.18 miGrove Road, Chatham, ME43
£1,30005/240.19 miSturla Road, Chatham3
£1,60304/250.19 mi-3
£1,35001/250.19 mi-3
£1,50007/240.19 miGlenoce Road, Chatham3
£1,50004/250.19 mi-3
£1,35005/240.2 miThorold Road, Chatham3
£1,45005/240.2 miLuton Road, Chatham3
£1,45007/240.21 mi-3
£1,45007/240.21 miThorold Road, Chatham, ME53
£1,20007/240.22 miThorold Road, Chatham, ME53
£1,20007/240.22 mi-3
£1,40005/240.22 miThorold Road, Chatham, Kent, ME53
£1,30007/240.23 miConstitution Road, Chatham3
£1,30007/240.24 miSturla Road, Chatham3
£1,40004/250.24 mi-3
£1,35001/250.25 mi-3
£1,25007/240.25 miSeymour Road, Chatham3
£1,40004/250.25 mi-3
£1,40007/240.26 miOtway Street, Chatham, Kent, ME43
£1,40007/240.26 miOtway Street, Chatham, Kent, ME43
£1,40002/250.26 mi-3
£1,40004/250.26 mi-3
£1,40001/250.26 mi-3
£1,40001/250.26 mi-3
£1,40001/250.26 mi-3
£1,40004/250.26 mi-3
£1,30007/240.26 miSalisbury Road, Chatham, Kent, ME43
£2,20005/240.26 miChatham Hill, Chatham, Kent, ME53

Local Area Statistics

Population in ME4

30,244

Population in Chatham

82,044

Town centre distance

0.52 miles away

Nearest school

0.20 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £200,000

March 12, 2025

Listed for £225,000

October 15, 2024

Floor Plans

Description

  • Terraced house in the heart of Chatham +
  • Ready to move into +
  • Separate living, dining and kitchen +
  • Perfect for a first time buyer or an investor +
  • Ideal location due to being in close proximity local schools, train station and town centre +

This terraced house is the perfect purchase the perfect purchase for a first time buyer or an investor looking to add to their portfolio. Located in the heart of Chatham within walking distance of local amenities, schools and train station, it really is an ideal location

Room sizes:

  • Lounge: 12'2 x 10'1 (3.71m x 3.08m)
  • Dining Room: 12'4 x 10'0 (3.76m x 3.05m)
  • Kitchen: 10'3 x 6'11 (3.13m x 2.11m)
  • Bathroom: 6'9 x 5'7 (2.06m x 1.70m)
  • Landing
  • Bedroom 1: 10'0 x 9'10 (3.05m x 3.00m)
  • Bedroom 2: 11'3 x 10'2 (3.43m x 3.10m)
  • Bedroom 3: 9'6 x 6'7 (2.90m x 2.01m)
  • 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, Chatham

01634 959314

Next Steps?

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