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2 Bed Flat, Single Let, Chatham, ME4 6ED, £118,000
Purbeck Road, Chatham, ME4 6ED - 4 views - 6 months ago
Leasehold
BTL
ROI: 11%
~68 m²





+8 photos
ValuationUndervalued
Sold Prices | £90K - £260K |
Sold Prices/m² | £1.3K/m² - £5.1K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1.7K/m² |
Value Estimate | £147,500 |
BMV | 25% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £29,500 |
Stamp Duty & Legal Fees | £7,100 |
Total Cash In | £36,600 |
| |
Cash Out | |
Rent Range | £800 - £1,450 |
Rent Estimate | £895 |
Running Costs/mo | £568 |
Cashflow/mo | £327 |
Cashflow/yr | £3,927 |
ROI | 11% |
Gross Yield | 9% |
Local Sold Prices
36 sold prices from £90K to £260K, average is £169.3K. £1.3K/m² to £5.1K/m², average is £2.6K/m².
Local Rents
39 rents from £800/mo to £1.4K/mo, average is £1.3K/mo.
Local Area Statistics
Population in ME4 | 30,244 |
Population in Chatham | 82,044 |
Town centre distance | 0.48 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.52 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +17% |
Sales demand | Balanced market |
Capital growth (5yrs) | +18% |
Property History
Price changed to £118,000
December 19, 2024
Price changed to £120,000
December 12, 2024
Listed for £122,000
October 27, 2024
Description
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