3 Bed Terraced House, Refurb/BRRR, Chatham, ME5 8QH, £300,000

Mincers Close, Lordswood, Kent, ME5 8QH - 3 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£215K - £510K
Sold Prices/m²£2K/m² - £6.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£328,250
BMV1%

 

 

End Value (After Refurb)

£338,667

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£45,600

Bridging Loan Interest

£7,875

Total Cash In

£144,925

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£338,667

Mortgage (After Refinance)

£254,000

Mortgage LTV

75%

Cash Released

£29,000

Cash Left In

£115,925

Equity

£84,667

Rent Range

£1,200 - £1,800

Rent Estimate

£1,441

Running Costs/mo

£1,367

Cashflow/mo

£74

Cashflow/yr

£894

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £215K to £510K, average is £302.5K. £2K/m² to £6.2K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£225K12/200.07 mi7, Albion Road, Chatham, Medway ME5 8SS3
£310K12/200.08 mi4, Exton Close, Chatham, Medway ME5 8QN3
£230K08/210.09 mi28, Albion Road, Chatham, Medway ME5 8SR3
£295K02/230.11 mi1, Valiant Road, Chatham, Medway ME5 8RX3
£220K11/200.13 mi6, Bulldog Road, Chatham, Medway ME5 8SJ3
£295K05/210.15 mi114, Ballens Road, Chatham, Medway ME5 8PG3
£285K06/210.15 mi9, Whitcombe Close, Chatham, Medway ME5 8RL3
£295K05/210.15 mi2, Whitcombe Close, Chatham, Medway ME5 8RL3
£280K07/210.17 mi19, Dornden Gardens, Chatham, Medway ME5 8QB3
£215K06/210.19 mi28, Lords Wood Close, Chatham, Medway ME5 8JR3
£350K01/230.2 mi10, Lynton Drive, Chatham, Medway ME5 8PZ3
£347.5K07/230.2 mi9, Lynton Drive, Chatham, Medway ME5 8PZ3
£475K05/210.23 mi21, Darenth Rise, Chatham, Medway ME5 8QU3
£310K02/230.23 mi12, Darenth Rise, Chatham, Medway ME5 8QU3
£350K02/230.24 mi45, Duchess Of Kent Drive, Chatham, Medway ME5 8DD3
£345K08/210.26 mi49, Brindle Way, Chatham, Medway ME5 8UA3
£262K01/210.26 mi619, Lords Wood Lane, Chatham, Medway ME5 8QY3
£330K07/230.26 mi629, Lords Wood Lane, Chatham, Medway ME5 8QY3
£285K12/210.27 mi19, Tuscan Drive, Chatham, Medway ME5 8TG3
£320K09/210.27 mi131, Dargets Road, Chatham, Medway ME5 8DA3
£300K03/210.27 mi133b, Dargets Road, Chatham, Medway ME5 8DA3
£270K12/200.27 mi60, Courtfield Avenue, Chatham, Medway ME5 8QR3
£260K03/210.27 mi40, Courtfield Avenue, Chatham, Medway ME5 8QR3
£290K03/210.28 mi14, Croft Close, Chatham, Kent ME5 8TT3
£305K02/230.28 mi38, Fanconi Road, Chatham, Medway ME5 8DE3
£332K10/200.31 mi26, Kempton Close, Chatham, Medway ME5 8PW3
£315K02/210.31 mi14, Ashmead Close, Chatham, Medway ME5 8NY3
£285K01/210.31 mi4, Ashmead Close, Chatham, Medway ME5 8NY3
£245K03/210.31 mi21, Coppertree Walk, Chatham, Medway ME5 8TS3
£315K06/230.31 mi23, Coppertree Walk, Chatham, Medway ME5 8TS3
£312K12/200.32 miLandaviddy, Boxley Road, Chatham, Kent ME5 9JD3
£375K04/210.33 mi45, Aintree Road, Chatham, Medway ME5 8PY3
£370K03/210.33 mi52, Aintree Road, Chatham, Medway ME5 8PY3
£274K11/200.33 mi29, Kellaway Road, Chatham, Medway ME5 8BX3
£342K12/220.36 mi12, Kellaway Road, Walderslade, Chatham, Medway ME5 8BY3
£330K03/210.37 mi25, Catterick Road, Chatham, Medway ME5 8PX3
£350K07/230.39 mi4, Abinger Drive, Chatham, Medway ME5 8UL3
£425K04/230.4 mi20, Coombe Close, Chatham, Medway ME5 8NU3
£300K06/230.4 mi30, Whimbrel Walk, Chatham, Medway ME5 8NQ3
£340K01/230.41 mi11, Savage Road, Chatham, Medway ME5 8DY3
£510K04/210.41 mi89, Dargets Road, Chatham, Medway ME5 8BS3
£277K03/210.41 mi86, Clandon Road, Chatham, Medway ME5 8UR3
£287K11/200.41 mi88, Clandon Road, Chatham, Medway ME5 8UR3
£310K05/230.42 mi19, Rudge Close, Chatham, Medway ME5 8UJ3
£295K11/210.44 mi65, Boxley Road, Chatham, Medway ME5 9LJ3
£275K12/200.45 mi18, Ballens Road, Chatham, Medway ME5 8NS3
£355K11/210.46 mi2, Rothervale, Chatham, Medway ME5 8PN3
£255K12/200.47 mi9, Compton Close, Chatham, Kent ME5 8SF3
£360K02/230.48 mi4, Hall Road, Chatham, Medway ME5 8PL3
£255K12/200.48 mi32, Arundel Close, Chatham, Medway ME5 8UZ3

Local Rents

20 rents from £1.2K/mo to £1.8K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,70012/240.11 mi-3
£1,45006/240.25 miBrindle Way, Lordswood3
£1,45006/240.25 miBrindle Way, Lordswood3
£1,20005/240.32 miKellaway Road, Chatham, Kent, ME53
£1,60003/250.33 mi-3
£1,60007/240.35 mi-3
£1,56506/240.35 miWhimbrel Walk, Chatham, ME53
£1,56506/240.35 miWhimbrel Walk, Chatham, ME53
£1,60007/240.35 miWhimbrel Walk, Chatham, ME53
£1,40008/240.4 miWhimbrel Walk, Lordswood3
£1,20007/240.41 miAdmirals Walk, Lordswood, ME53
£1,80001/250.41 mi-3
£1,69003/250.48 mi-3
£1,70003/250.54 mi-3
£1,55001/250.55 mi-3
£1,55006/240.58 miBromley Close, Chatham, Kent, ME53
£1,40006/240.61 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,40006/240.61 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,40007/240.61 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,40007/240.61 miSundridge Drive, Walderslade, Chatham, Kent, ME53

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

2.27 miles away

Nearest school

0.20 miles away

Nearest train station

3.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Price changed to £300,000

January 27, 2025

Price changed to £315,000

December 27, 2024

Listed for £325,000

November 7, 2024

Floor Plans

Description

  • No chain +
  • Three bedroom end of terrace +
  • Conservatory +
  • Ample parking +
  • Popular location +
  • Must be viewed +

We are pleased to offer this spacious three bedroom house in a quiet Cul de sac in a popular part of Lordswood.

The property briefly comprises entrance porch, lounge diner, kitchen and conservatory on the ground floor with three bedrooms and the family bathroom upstairs.

Externally there is a good sized rear garden and parking for several vehicles to the front.

Mincers close is conveniently situated offering good access to local amenities.

Although in need of some updating we feel this property will make a great family home.

Offered to the market with no onward chain.

Exterior
Decked area
Laid to lawn
Secured fencing
Side access

Agent Details

Robinson Michael & Jackson, Walderslade

01634 959302

Next Steps?

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