3 Bed Semi-Detached House, Single Let, Chatham, ME5 0DX, £300,000

1 Fallowfield, Chatham, Kent, ME5 0DX - 2 views - 6 months ago

Sold STC
BTL
ROI: 2%
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£216K - £380K
Sold Prices/m²£2.3K/m² - £6.5K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£307,328
BMV2%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£87,700

 

 

Cash Out

 

Rent Range

£675 - £2,100

Rent Estimate

£1,350

Running Costs/mo

£1,228

Cashflow/mo

£123

Cashflow/yr

£1,470

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £216K to £380K, average is £271K. £2.3K/m² to £6.5K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£360K03/230 mi35, Fallowfield, Chatham, Medway ME5 0DX3
£235K08/210.09 mi121, Ryde Close, Chatham, Medway ME5 7QJ3
£312K11/200.11 mi34, Limetree Close, Chatham, Medway ME5 0DR3
£380K07/230.11 mi12, Limetree Close, Chatham, Medway ME5 0DR3
£350K12/200.13 mi103, Downsview, Chatham, Medway ME5 0AJ3
£216K12/200.14 mi18, Vulcan Close, Chatham, Kent ME5 7RR3
£225K06/210.16 mi127, Crestway, Chatham, Medway ME5 0BH3
£240K03/210.16 mi22, Bankside, Chatham, Medway ME5 0BY3
£311K01/230.17 mi23, Bankside, Chatham, Medway ME5 0BY3
£270K01/230.22 mi46, Shanklin Close, Chatham, Medway ME5 7QL3
£225K03/210.22 mi14, Fisher Road, Chatham, Medway ME5 7RU3
£257.5K03/210.24 mi5, Roosevelt Avenue, Chatham, Medway ME5 0ET3
£265K04/210.25 mi16, Montgomery Avenue, Chatham, Medway ME5 0HA3
£320K07/230.25 mi12, Montgomery Avenue, Chatham, Medway ME5 0HA3
£310K02/230.25 mi20, Wordsworth Close, Chatham, Medway ME5 7NU3
£245K11/210.25 mi23, Wordsworth Close, Chatham, Medway ME5 7NU3
£282K07/230.25 mi139, Churchill Avenue, Chatham, Medway ME5 0DG3
£233K04/210.25 mi99, Churchill Avenue, Chatham, Medway ME5 0DG3
£270K09/210.25 mi65, Crestway, Chatham, Medway ME5 0BD3
£227K12/200.25 mi97, Crestway, Chatham, Medway ME5 0BD3
£260K01/210.26 mi38, Churchill Avenue, Chatham, Medway ME5 0DL3
£272K10/210.26 mi4, Barnfield, Chatham, Medway ME5 0HT3
£230K03/210.26 mi22, Barnfield, Chatham, Medway ME5 0HT3
£267.5K01/210.29 mi33, Freshwater Road, Chatham, Medway ME5 7SZ3
£235K12/200.31 mi15, Hampshire Close, Chatham, Medway ME5 7SG3
£300K06/210.31 mi31, Downsview, Chatham, Kent ME5 0AP3
£315K08/210.31 mi47, Downsview, Chatham, Medway ME5 0AP3
£292K06/210.31 mi49, Downsview, Chatham, Medway ME5 0AP3
£330K01/230.31 mi34, Sheridan Close, Chatham, Medway ME5 7NS3
£248K05/210.31 mi23, Sheridan Close, Chatham, Medway ME5 7NS3
£303K05/230.33 mi8, Ash Close, Chatham, Medway ME5 9BL3
£285K12/200.33 mi9, Ash Close, Chatham, Kent ME5 9BL3
£250K07/210.35 mi23, Crestway, Chatham, Medway ME5 0BB3
£260K02/210.35 mi17, Crestway, Chatham, Medway ME5 0BB3
£295K12/200.39 mi12, Bracken Lea, Chatham, Medway ME5 0BZ3
£229K04/210.4 mi32, Chaffinch Close, Chatham, Kent ME5 7RG3
£300K01/230.45 mi215, Churchill Avenue, Chatham, Medway ME5 0DQ3
£290K12/220.46 mi62, Eden Avenue, Chatham, Medway ME5 0HW3
£275K12/200.46 mi63, Eden Avenue, Chatham, Medway ME5 0HW3
£315K01/230.47 mi10, Aldershot Road, Chatham, Medway ME5 0HX3
£270K11/200.48 mi8, Goose Close, Chatham, Medway ME5 7SX3
£304K12/200.49 mi160, Wayfield Road, Chatham, Medway ME5 0HG3
£340.1K05/230.49 mi182, Wayfield Road, Chatham, Medway ME5 0HG3
£280K05/210.49 mi114, Churchill Avenue, Chatham, Medway ME5 0DH3
£285K05/230.5 mi1, Spitfire Close, Chatham, Medway ME5 7QW3
£240K04/210.5 mi17, Spitfire Close, Chatham, Medway ME5 7QW3
£258K11/200.51 mi29, Carlton Crescent, Chatham, Medway ME5 7PJ3
£285K11/200.51 mi48, Carlton Crescent, Chatham, Medway ME5 7PJ3
£255K04/210.51 mi96, Heron Way, Chatham, Kent ME5 7RH3
£250K09/210.51 mi22, Hopewell Drive, Chatham, Medway ME5 7NW3

Local Rents

16 rents from £675/mo to £2.1K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,45005/240.07 mi-3
£1,70007/240.14 mi-3
£1,80004/250.14 mi-3
£1,45003/250.2 mi-3
£1,50005/240.23 miWayfield Road, Chatham, Kent, ME53
£67507/240.31 mi-3
£1,52507/240.43 mi-3
£1,65007/240.44 miMountbatten Avenue, Chatham, Kent 3
£1,35005/240.53 miHalifax Close Chatham ME53
£1,35005/240.55 miWalderslade, ME53
£1,35008/240.55 mi-3
£1,35007/240.55 miHeritage Road, Chatham, ME53
£1,60005/240.56 miRoosevelt Avenue, ME53
£1,60001/250.58 mi-3
£1,48007/240.61 mi-3
£2,10002/250.62 mi-3

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

0.62 miles away

Nearest school

0.30 miles away

Nearest train station

1.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £300,000

October 22, 2024

Floor Plans

Description

  • 3 Bedroom Semi-Detached +
  • Garage +
  • Driveway for multiple vehicles +
  • Sought after location +
  • Handy Downstairs Cloakroom +

"!!GUIDE PRICE £300,000-£325,000!!"

This three bedroom, semi-detached home is the ideal choice for families and first-time buyers alike. The home boasts space in and out as well as a Garage, Driveway AND Off Street parking.

On the Ground Floor, the property benefits from a spacious lounge as well as an adjacent conservatory, an ideal space to enjoy in the warmer months. As well as the added convenience of a downstairs cloakroom and toilet.

To the upper-floor, the three spacious bedrooms make this home the ideal choice, as well as the family bathroom.

With the rare added bonus of not only a large driveway, but a spacious garage and Off Road Parking, we doubt this will be on the market for too long and would urge any interest to be made immediately.

Exterior
Large Drive, Off Street parking and garage, as well as an enclosed rear garden.

Key Terms
Chatham is famous for its Naval connection’s, hosting one of the Royal Navy’s main facilities for hundreds of years until it’s closure in 1984. Since the closure the former site, now known as St Mary’s Island, has been transformed and boasts a new retail outlet centre, bars, cafe’s, restaurants, gym and cinema to compliment the harbour and vast array of riverside housing. Part of the original naval history has also been preserved through the Historic Dockyard Trust, which provides an insight into past traditions. The Pentagon shopping centre and high street offer everything that you will need with a wide range of stores. Chatham is a commuter’s dream. High Speed rail links to Stratford International in just over 30 minutes or St Pancras International in just over 38 minutes. London Victoria is also accessible in just over 52 minutes. In any part of the town you are never too far from road links, the A2 and M2 are easily accessible in under 5 miles. With the M20 and M25 approximately 10 miles away. Chatham and near-by Rochester offer a fantastic range of primary and secondary schools, as well as the University.

Agent Details

Robinson Michael & Jackson, Chatham

01634 557540

Next Steps?

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