2 Bed Flat, Single Let, Chatham, ME4 5NT, £170,000

Mary Court, Chatham, Kent, ME4 5NT - 6 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~55 m²
+12 photos

ValuationOvervalued

Sold Prices£107K - £205K
Sold Prices/m²£1.6K/m² - £4.5K/m²

 

 

Square Metres

~55.32 m²
Price/m²£3.1K/m²

Value Estimate

£144,683

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

£800 - £2,050

Rent Estimate

£1,049

Running Costs/mo

£761

Cashflow/mo

£288

Cashflow/yr

£3,455

ROI

7%

Gross Yield

7%

Local Sold Prices

38 sold prices from £107K to £205K, average is £165K. £1.6K/m² to £4.5K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£156K01/210.01 mi57, Mary Court, Chatham, Medway ME4 5NT2
£163K10/210.01 mi42, Mary Court, Chatham, Medway ME4 5NT2
£150K11/200.01 mi54, Mary Court, Chatham, Medway ME4 5NT2
£175K12/220.01 mi15, Mary Court, Chatham, Medway ME4 5NT2
£173.5K12/200.03 mi69, Diana Road, Chatham, Medway ME4 5PW2
£170K04/210.03 mi1, Diana Road, Chatham, Medway ME4 5PW2
£160K12/200.03 mi6, Diana Road, Chatham, Medway ME4 5PW2
£121.5K11/200.03 mi73, Diana Road, Chatham, Medway ME4 5PW2
£155K06/210.08 mi38, Steven Close, Chatham, Medway ME4 5NG2
£160K09/210.31 mi40, Jenkins Dale, Chatham, Medway ME4 5RB2
£107K12/200.32 mi200a, Luton Road, Chatham, Medway ME4 5BP2
£107K02/210.32 mi198a, Luton Road, Chatham, Medway ME4 5BP2
£149K03/230.33 mi123, Maida Road, Chatham, Medway ME4 5ED2
£170K01/230.35 mi77, Maida Road, Chatham, Medway ME4 5EB2
£185K11/210.4 mi26, Armada Way, Chatham, Medway ME4 6PH2
£177K09/210.4 mi8, Armada Way, Chatham, Kent ME4 6PH2
£195K01/230.4 mi5, Armada Way, Chatham, Medway ME4 6PH2
£185K11/230.42 mi30, Port Rise, Chatham, Medway ME4 6NQ2
£205K08/230.42 mi18, Port Rise, Chatham, Medway ME4 6NQ2
£195K09/220.5 mi195, Constitution Road, Chatham, Medway ME5 7DJ2
£162.5K02/210.51 mi31, Dale Street, Chatham, Medway ME4 6QE2
£165K03/230.51 mi70, Upper Luton Road, Chatham, Medway ME5 7BQ2
£134.5K03/210.52 mi69, Dale Street, Chatham, Medway ME4 6QG2
£168.5K03/210.7 miFlat 62, Charlesworth House, Balfour Road, Chatham, Kent ME4 6QT2
£166.5K12/200.74 miFlat 14b, Spembley House, New Road Avenue, Chatham, Medway ME4 6BA2
£157K12/210.78 miFlat 7, Blenheim Court, Boundary Road, Chatham, Medway ME4 6UJ2
£185K05/210.8 mi52b, High Street, Chatham, Medway ME4 4DS2
£190K08/210.82 miFlat 36, The Eye, Barrier Road, Chatham, Medway ME4 4SD2
£195K07/210.82 miFlat 17, The Eye, Barrier Road, Chatham, Medway ME4 4SD2
£202K01/230.83 miFlat 66, The Eye, Barrier Road, Chatham, Medway ME4 4SD2
£157.5K09/220.89 miFlat 38, Kingsdale Court, Hopewell Drive, Chatham, Medway ME5 7NN2
£150K11/220.89 miFlat 43, Kingsdale Court, Hopewell Drive, Chatham, Medway ME5 7NN2
£160K02/230.9 miTop Flat, 8b, Stuart Road, Gillingham, Medway ME7 4AA2
£150K04/210.9 miFlat 8, Lea Court, Huntsmans Close, Rochester, Medway ME1 2RF2
£190K12/220.93 mi10, Solent Gardens, Chatham, Medway ME5 7TB2
£158.5K03/210.96 mi62, Wiltshire Close, Chatham, Medway ME5 7SR2
£165K10/210.96 mi49, Wiltshire Close, Chatham, Medway ME5 7SR2
£175K04/230.98 mi4, Bingley Road, Rochester, Medway ME1 1BZ2

Local Rents

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

RentDateDistanceAddressBeds 
£1,20007/240 mi-2
£95008/240 mi-2
£1,20002/250 mi-2
£1,15007/240 miMary Court, Chatham, ME5 2
£1,35007/240.06 miErnest Road, Chatham, Kent, ME42
£80008/240.07 miSturla Road, Chatham2
£1,30002/250.08 mi-2
£1,25007/240.09 miGlencoe Road, Chatham, Kent, ME42
£1,25007/240.12 mi-2
£1,30003/250.12 mi-2
£1,35004/250.13 mi-2
£1,20004/250.13 mi-2
£1,15012/240.13 mi-2
£1,40004/250.15 mi-2
£1,15007/240.15 miGordon Road, CHATHAM2
£1,04908/240.15 mi-2
£1,20002/250.16 mi-2
£2,05004/240.16 mi-2
£1,35012/240.16 mi-2
£1,30003/250.17 mi-2
£1,20006/240.17 miGordon Road, Chatham2
£1,15006/240.17 miGordon Road, Chatham2
£1,32504/250.18 mi-2
£1,30008/240.18 miGordon Road Chatham ME42
£1,45007/240.2 miCastle Road, Chatham, ME42
£1,45007/240.2 mi-2
£1,15005/240.21 mi-2
£1,45005/240.25 mi-2
£1,10005/240.27 miVictoria Road, Chatham2
£1,40005/240.29 miChatham, ME42
£1,25002/250.29 mi-2
£1,08506/240.3 miWellington Court, Chatham, ME42
£1,08507/240.3 mi-2
£1,35005/240.31 mi-2
£1,40006/240.31 mi-2
£1,40004/250.31 mi-2
£1,10001/240.31 mi-2
£1,20008/240.33 mi-2
£1,20005/240.33 miThorold Road, Chatham, Kent, ME52
£1,05005/240.35 miLuton Road, Chatham2
£1,39505/240.36 mi-2
£1,30004/250.36 mi-2
£1,15007/240.37 miConstitution Road, Chatham, ME52
£1,15007/240.37 miConstitution Road, Chatham, ME52
£1,15008/240.37 mi-2
£1,25007/240.42 miPort Rise, Chatham2
£1,20005/240.45 miMaidstone Road, Chatham2
£1,05006/240.47 mi-2
£1,05006/240.47 mi-2
£1,05006/240.47 mi-2
£1,15005/240.48 miMary Court, Chatham, Kent, ME42
£1,45008/240.48 miChatham Waters, South House, Gillingham Gate Road, Gillingham, ME42

Local Area Statistics

Population in ME4

30,244

Population in Chatham

82,044

Town centre distance

0.45 miles away

Nearest school

0.10 miles away

Nearest train station

0.62 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 8, 2025

Listed for £180,000

November 4, 2024

Floor Plans

Description

  • Private Balcony +
  • Close to town centre +
  • Well-presented throughout +
  • Ideal First Time Buy +
  • Allocated Parking +
  • Spacious Rooms +

Guide Price £170,000-£190,000

Offered to the market is this two-bedroom second-floor apartment, presented in move in ready condition.

The apartment boasts a modern design, finished to a good standard throughout.
The spacious open-plan lounge area is bright and airy, perfect for relaxation or entertaining and offers access to a private balcony.
The separate kitchen offers plenty of storage space.
There are two generously sized bedrooms and family bathroom. making this property the ideal choice for first-time buyers and professionals alike.

Outside, the communal gardens surround the property and allocated parking is conveniently situated in close proximity to the apartment block.

Exterior
Communal Gardens

Allocated Parking Space

Private Balcony

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 of Greenwich, Kent and The Creative Arts.

Agent Details

Robinson Michael & Jackson, Chatham

01634 557540

Next Steps?

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