3 Bed Semi-Detached House, Single Let, Chatham, ME4 5NY, £170,000

Mills Terrace, Chatham, ME4 5NY - 6 months ago

Sold STC
Auction
BTL
ROI: 10%
~79 m²
+11 photos

ValuationUndervalued

Sold Prices£157K - £295K
Sold Prices/m²£1.8K/m² - £3.6K/m²

 

 

Square Metres

~79.41 m²
Price/m²£2.1K/m²

Value Estimate

£207,400
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£10,600

Total Cash In

£53,100

 

 

Cash Out

 

Rent Range

£1,200 - £3,250

Rent Estimate

£1,250

Running Costs/mo

£801

Cashflow/mo

£449

Cashflow/yr

£5,385

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £157K to £295K, average is £218K. £1.8K/m² to £3.6K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£213.5K04/210 mi31, Mills Terrace, Chatham, Kent ME4 5NY3
£177.5K03/230.05 mi5, Cromwell Terrace, Chatham, Medway ME4 5PQ3
£248K08/230.06 mi7, Hope Street, Chatham, Medway ME4 5NL3
£215K10/230.07 mi34, Lester Road, Chatham, Medway ME4 5NP3
£220K08/230.07 mi38, Lester Road, Chatham, Medway ME4 5NP3
£180K10/210.1 mi40, Otway Street, Chatham, Medway ME4 5PL3
£200K01/210.1 mi1, East Street, Chatham, Medway ME4 5NJ3
£205K09/230.11 mi58, Melbourne Road, Chatham, Medway ME4 5PB3
£166K03/240.11 mi28a, East Street, Chatham, Medway ME4 5NJ3
£195K11/230.13 mi72, Sturla Road, Chatham, Medway ME4 5QL3
£221K08/210.14 mi70, Otway Street, Chatham, Medway ME4 5PL3
£263K11/230.16 mi87, Hartington Street, Chatham, Medway ME4 5PJ3
£245K05/230.16 mi85, Hartington Street, Chatham, Medway ME4 5PJ3
£157K06/210.16 mi45, Sydney Road, Chatham, Medway ME4 5PP3
£232.5K12/230.16 mi29, Herbert Road, Chatham, Medway ME4 5PN3
£257K09/230.17 mi37, Prospect Row, Chatham, Medway ME4 5QZ3
£175K10/200.17 mi71, Luton Road, Chatham, Medway ME4 5AG3
£190K11/230.19 mi20, Institute Road, Chatham, Medway ME4 4PF3
£259K02/240.19 mi50, Ernest Road, Chatham, Medway ME4 5PT3
£233K05/230.19 mi3, Leopold Road, Chatham, Medway ME4 5SX3
£225K07/230.19 mi15, Leopold Road, Chatham, Medway ME4 5SX3
£220K02/230.19 mi91, Sturla Road, Chatham, Medway ME4 5QJ3
£270K09/210.2 mi26, Ruth Street, Chatham, Medway ME4 5NU3
£265K12/220.21 mi31, Upbury Way, Chatham, Medway ME4 4NG3
£188K12/200.21 mi36, Albert Road, Chatham, Medway ME4 5PZ3
£180K04/210.21 mi27, Albert Road, Chatham, Medway ME4 5PY3
£163K11/200.21 mi55, Thorold Road, Chatham, Medway ME5 7EB3
£232K07/230.23 mi10, Waghorn Street, Chatham, Medway ME4 5LT3
£285K08/230.23 mi44, Chalkpit Hill, Chatham, Medway ME4 5SU3
£197K11/210.25 mi15, Natal Road, Chatham, Kent ME4 5PS3
£195K11/210.26 mi22, Gordon Road, Chatham, Kent ME4 5LR3
£240K06/230.26 mi50, Seymour Road, Chatham, Medway ME5 7AE3
£185K03/210.26 mi169, Luton Road, Chatham, Medway ME4 5AE3
£270K07/230.26 mi129, Luton Road, Chatham, Medway ME4 5AE3
£167K04/210.28 mi66, Glencoe Road, Chatham, Medway ME4 5QE3
£200K08/210.28 mi42, Magpie Hall Road, Chatham, Medway ME4 5ND3
£207.5K06/230.28 mi145, Magpie Hall Road, Chatham, Medway ME4 5ND3
£265K03/210.28 mi21, Longhill Avenue, Chatham, Medway ME5 7AR3
£235K12/230.28 mi37a, Gordon Road, Chatham, Medway ME4 5LU3
£240K11/210.28 mi60, Gordon Road, Chatham, Medway ME4 5LU3
£208K05/210.31 mi132, Glencoe Road, Chatham, Medway ME4 5QF3
£237K01/230.31 mi30, Mount Road, Chatham, Medway ME4 5RP3
£216K01/230.31 mi7, Redvers Road, Chatham, Medway ME4 5UU3
£216K08/210.31 mi6, Redvers Road, Chatham, Medway ME4 5UU3
£240K11/200.31 mi35, Mount Road, Chatham, Medway ME4 5RN3
£195K01/210.31 mi28, Palmerston Road, Chatham, Medway ME4 5SR3
£260K12/220.32 mi31, Bright Road, Chatham, Medway ME4 5HH3
£170K07/210.32 mi9, Beaconsfield Road, Chatham, Medway ME4 5SW3
£237K02/210.32 mi40, Beaconsfield Road, Chatham, Medway ME4 5SW3
£295K07/230.32 mi10, Beaconsfield Road, Chatham, Medway ME4 5SW3

Local Rents

50 rents from £1.2K/mo to £3.3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30007/240.04 miSalisbury Road, Chatham, Kent, ME43
£1,40007/240.12 miOtway Street, Chatham, Kent, ME43
£1,40007/240.12 miOtway Street, Chatham, Kent, ME43
£1,75004/250.13 mi-3
£1,60304/250.14 mi-3
£1,80012/240.14 mi-3
£1,30005/240.16 miHerbert Road, Chatham, Kent, ME43
£1,30005/240.16 miHerbert Road Chatham ME43
£1,30005/240.19 miSturla Road, Chatham3
£1,35012/240.19 miLeopold Road, Chatham3
£1,55003/240.2 miMount Pleasant, Chatham, ME53
£1,40004/250.21 mi-3
£1,35002/240.22 mi-3
£1,40005/240.23 miThorold Road, Chatham, Kent, ME53
£1,35007/240.25 miPortland Street, Chatham3
£1,20007/240.25 miThorold Road, Chatham, ME53
£1,20007/240.25 mi-3
£1,30007/240.25 miSturla Road, Chatham3
£1,25005/240.26 miGordon Road, ME43
£1,25007/240.26 miSeymour Road, Chatham3
£1,34501/250.26 mi-3
£1,25005/240.27 miMagpie Hall Road, Chatham3
£1,75005/240.28 mi-3
£2,20005/240.28 miChatham Hill, Chatham, Kent, ME53
£1,27505/240.29 mi-3
£1,70005/240.3 mi-3
£1,70005/240.3 miMagpie Hall Road, Chatham, ME43
£1,35001/250.3 mi-3
£1,35005/240.3 miThorold Road, Chatham3
£1,50007/240.31 miGlenoce Road, Chatham3
£1,35007/240.31 miMount Road, Chatham3
£1,50012/240.31 mi-3
£1,35006/240.31 miGordon Road, Chatham, Kent, ME43
£1,35005/240.31 miMount Road Chatham ME43
£1,35007/240.32 miGordon Road, Chatham3
£1,40004/250.33 mi-3
£1,45007/240.33 mi-3
£1,45007/240.33 miThorold Road, Chatham, ME53
£1,25005/240.36 miSouthill Road Chatham ME43
£1,25007/240.36 miSouthill Road Chatham ME43
£1,30008/240.36 miSouthill Road Chatham ME43
£1,30011/240.36 mi-3
£1,40001/240.36 mi-3
£1,30005/240.36 mi-3
£3,25001/250.37 mi-3
£3,25003/250.37 mi-3
£1,30007/240.37 miConstitution Road, Chatham3
£1,37505/240.38 miChatham Hill, Chatham3
£1,45005/240.38 miLuton Road, Chatham3
£1,35007/240.38 miDagmar Road Chatham ME43

Local Area Statistics

Population in ME4

30,244

Population in Chatham

82,044

Town centre distance

0.64 miles away

Nearest school

0.10 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £170,000

February 20, 2025

Listed for £210,000

October 28, 2024

Floor Plans

Description

  • Sold via online secure bidding. Terms and Conditions Apply. Starting bid £170,000 +
  • Immediate ‘exchange of contracts' availableSold via ‘Secure Sale' +
  • Buyers Fees Apply +
  • Semi Detached +
  • Three Separate Bedrooms +
  • Downstairs Bathroom +
  • Long Front Garden +
  • Small Courtyard To Rear +
  • Cellar +
  • Close To Chatham Railway Station +

SOLD VIA ONLINE SECURE BIDDING. Terms and Conditions Apply. Starting bid £170,000 Immediate ‘exchange of contracts' available. Sold via ‘Secure Sale' Welcome to this charming three-bedroom semi-detached home, offered to the market with no forward chain for a smooth and straightforward move. A long front garden welcomes you and the path will take you straight to the front door. Once inside, you'll be impressed by the generous space this property has to offer. The cosy lounge features a  fireplace as a focal point, and its connection to the dining room creates an ideal layout for family living and entertaining. From the dining room, patio doors lead you to a small L-shaped courtyard, where washing could be hung, and the possibility of an outside seating area. You'll also find convenient access to the cellar, providing ample storage space, whether for extra household items or a large freezer. The well-appointed kitchen with a side window allows natural light to pour in, creating a bright cooking space, while the spacious downstairs family bathroom completes the ground floor. On the first floor, three separate bedrooms await, with the master bedroom located at the front. This generously sized room features built-in wardrobes, maximizing storage and organization. At the front of the property, before you enter the gated front garden there is additional space with the possibility of it being converted into parking, subject to council approval for a dropped curb. Buyers will need to make their own enquiries regarding this. BELOW IMPORTANT INFORMATION Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. Pease be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively. This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website. Auctioneers Additional Comments Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures. Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services. Don't miss out on this delightful home with plenty of potential! Call the branch today to arrange your viewing.

Agent Details

EweMove, Covering Strood & Walderslade

01634 959292

Next Steps?

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