2 Bed Terraced House, Single Let, Chatham, ME4 5NZ, £215,000

8 Mills Terrace, Chatham, Medway, ME4 5NZ - 3 views - 6 months ago

Sold STC
BTL
ROI: 2%
66 m²
+4 photos

ValuationOvervalued

Sold Prices£140K - £270K
Sold Prices/m²£1.7K/m² - £5.3K/m²

 

 

Square Metres

66 m²
Price/m²£3.3K/m²

Value Estimate

£182,562

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£7,650

Total Cash In

£61,400

 

 

Cash Out

 

Rent Range

£800 - £2,050

Rent Estimate

£987

Running Costs/mo

£889

Cashflow/mo

£98

Cashflow/yr

£1,173

ROI

2%

Gross Yield

6%

Local Sold Prices

51 sold prices from £140K to £270K, average is £190K. £1.7K/m² to £5.3K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£190K10/210.02 mi7, Salisbury Road, Chatham, Medway ME4 5NW2
£230K12/220.02 mi13, Salisbury Road, Chatham, Medway ME4 5NW2
£167K12/200.07 mi6, East Street, Chatham, Medway ME4 5NJ2
£195K11/230.07 mi56, Lester Road, Chatham, Medway ME4 5NP2
£212.5K01/230.09 mi4, Edward Street, Chatham, Medway ME4 5NH2
£160K02/210.12 mi22, Otway Street, Chatham, Kent ME4 5PG2
£205K10/230.12 mi22, Otway Street, Chatham, Medway ME4 5PG2
£156.5K02/210.13 mi5, Herman Terrace, Chatham, Medway ME4 5NX2
£181K03/210.14 mi20, Brisbane Road, Chatham, Medway ME4 5PE2
£205K09/210.14 mi12, Cromwell Terrace, Chatham, Medway ME4 5PQ2
£215K08/230.14 mi31, Cromwell Terrace, Chatham, Medway ME4 5PQ2
£160K03/210.14 mi3, Hartington Street, Chatham, Medway ME4 5PH2
£170K09/210.15 mi9, Thorold Road, Chatham, Medway ME5 7EA2
£160K02/210.19 mi2, Portland Street, Chatham, Medway ME4 5LS2
£190K01/210.2 mi21, Herbert Road, Chatham, Medway ME4 5PN2
£166K03/210.2 mi7, Herbert Road, Chatham, Medway ME4 5PN2
£190K05/210.21 mi112, Thorold Road, Chatham, Medway ME5 7DS2
£165K04/230.21 mi101, Thorold Road, Chatham, Medway ME5 7DS2
£165K03/210.21 mi18, Ernest Road, Chatham, Medway ME4 5PT2
£194K12/230.21 mi18, Ernest Road, Chatham, Medway ME4 5PT2
£160.5K11/200.21 mi54, Seymour Road, Chatham, Medway ME5 7AE2
£160K11/200.21 mi62, Hartington Street, Chatham, Medway ME4 5PJ2
£217.6K09/220.22 miHomeside, Albert Road, Chatham, Medway ME4 5PZ2
£160K09/210.23 mi16, Leopold Road, Chatham, Medway ME4 5SX2
£181K05/210.23 mi53, Gordon Road, Chatham, Medway ME4 5LU2
£205K10/210.23 mi71, Gordon Road, Chatham, Medway ME4 5LU2
£210K10/230.24 mi7, Castle Road, Chatham, Medway ME4 5HG2
£270K04/230.25 mi12, Chalkpit Hill, Chatham, Medway ME4 5TA2
£155K06/210.26 mi79, Castle Road, Chatham, Medway ME4 5HX2
£167K09/210.26 mi84, Castle Road, Chatham, Medway ME4 5HX2
£225K12/220.26 mi92, Castle Road, Chatham, Medway ME4 5HX2
£238K10/210.27 miHolmside, Chalkpit Hill, Chatham, Medway ME4 5SU2
£175K02/210.28 mi101, Gordon Road, Chatham, Medway ME4 5LX2
£227.5K06/210.28 mi149, Gordon Road, Chatham, Medway ME4 5LX2
£165K04/210.28 mi60, Glencoe Road, Chatham, Medway ME4 5QE2
£200K11/230.28 mi4, Natal Road, Chatham, Medway ME4 5PS2
£195K05/210.28 mi88, Glencoe Road, Chatham, Medway ME4 5QG2
£140K03/240.28 mi10, Victoria Road, Chatham, Medway ME4 5EY2
£140K03/240.28 mi10, Victoria Road, Chatham, Medway ME4 5EY2
£212.5K04/230.3 mi160, Castle Road, Chatham, Medway ME4 5HY2
£180K02/240.3 mi116, Castle Road, Chatham, Medway ME4 5HY2
£200K05/210.3 mi13, Cobden Road, Chatham, Medway ME4 5HW2
£225K10/230.3 mi25, Cobden Road, Chatham, Medway ME4 5HW2
£205K01/240.3 mi29, Cobden Road, Chatham, Medway ME4 5HW2
£178K01/210.3 mi26, Grange Hill, Chatham, Medway ME5 7AH2
£175K03/210.3 mi17, Grange Hill, Chatham, Medway ME5 7AH2
£215K12/220.31 mi15, Glencoe Road, Chatham, Medway ME4 5QB2
£190K11/230.33 mi40, Jenkins Dale, Chatham, Medway ME4 5RB2
£218.5K06/230.33 mi22, Dagmar Road, Chatham, Medway ME4 5HB2
£240K05/230.34 mi25, Grove Road, Chatham, Medway ME4 5HS2
£203K10/200.34 mi59, Symons Avenue, Chatham, Medway ME4 5UH2

Local Rents

52 rents from £800/mo to £2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,15005/240.04 mi-2
£1,15012/240.06 mi-2
£1,40005/240.11 miChatham, ME42
£1,40004/250.12 mi-2
£1,30003/250.13 mi-2
£1,25007/240.18 mi-2
£1,30003/250.18 mi-2
£1,15007/240.18 miMary Court, Chatham, ME5 2
£1,20007/240.18 mi-2
£95008/240.18 mi-2
£1,20002/250.18 mi-2
£1,35007/240.18 miErnest Road, Chatham, Kent, ME42
£1,20004/250.18 mi-2
£1,39505/240.18 mi-2
£1,30004/250.18 mi-2
£1,08506/240.19 miWellington Court, Chatham, ME42
£1,08507/240.19 mi-2
£80008/240.19 miSturla Road, Chatham2
£1,30002/250.19 mi-2
£1,30008/240.2 miGordon Road Chatham ME42
£1,20006/240.22 miGordon Road, Chatham2
£1,15006/240.22 miGordon Road, Chatham2
£2,05004/240.22 mi-2
£1,15007/240.23 miGordon Road, CHATHAM2
£1,35005/240.24 mi-2
£1,40006/240.24 mi-2
£1,40004/250.24 mi-2
£1,04908/240.25 mi-2
£1,35004/250.25 mi-2
£1,20005/240.25 miThorold Road, Chatham, Kent, ME52
£1,45007/240.26 miCastle Road, Chatham, ME42
£1,45007/240.26 mi-2
£1,25007/240.26 miGlencoe Road, Chatham, Kent, ME42
£1,32504/250.27 mi-2
£1,20002/250.28 mi-2
£1,10001/240.29 mi-2
£1,35012/240.29 mi-2
£1,15007/240.31 miConstitution Road, Chatham, ME52
£1,15007/240.31 miConstitution Road, Chatham, ME52
£1,15008/240.31 mi-2
£1,05005/240.32 miLuton Road, Chatham2
£1,25002/250.33 mi-2
£1,10005/240.33 miVictoria Road, Chatham2
£1,20008/240.33 mi-2
£1,35005/240.35 mi55 Cross Street Chatham ME42
£1,25007/240.4 miPort Rise, Chatham2
£1,45005/240.41 mi-2
£1,15005/240.42 miMary Court, Chatham, Kent, ME42
£1,45008/240.42 miChatham Waters, South House, Gillingham Gate Road, Gillingham, ME42
£1,05006/240.43 mi-2
£1,05006/240.43 mi-2
£1,05006/240.43 mi-2

Local Area Statistics

Population in ME4

30,244

Population in Chatham

82,044

Town centre distance

0.63 miles away

Nearest school

0.40 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £215,000

October 18, 2024

Sold for £154,000

2024

Floor Plans

Description

  • Terraced house set over 3 floors +
  • Recently renovated and ready to move into +
  • Upstairs bathroom +
  • Perfect purchase for a first time buyer wanting to move into a property that requires no work +
  • Ideal location as close to local amenities train station and schools +

This recently renovated terrace house with upstairs bathroom is ideal for first time buyers looking for an easy chain free move and without the stress of having to redecorate. Ideal location due to walking distance to local schools, high street and train station

Room sizes:

  • Lounge: 13'4 x 9'1 (4.07m x 2.77m)
  • Dining Room: 13'4 x 9'0 (4.07m x 2.75m)
  • Kitchen: 9'7 x 8'3 (2.92m x 2.52m)
  • Cellar: 12'8 x 10'3 (3.86m x 3.13m)
  • Landing
  • Bedroom 1: 10'11 x 8'8 (3.33m x 2.64m)
  • Bedroom 2: 9'11 x 9'11 (3.02m x 3.02m)
  • Bathroom
  • 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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