3 Bed Terraced House, Refurb/BRRR, Chatham, ME4 5JA, £225,000

Castle Road, Chatham, Kent, ME4 5JA - 5 views - 4 months ago

Sold STC
BTL
Refurb/BRRR
ROI: 2%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£166K - £320K
Sold Prices/m²£1.8K/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£242,400
BMV1%

 

 

End Value (After Refurb)

£272,227

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£45,600

Bridging Loan Interest

£5,906

Total Cash In

£117,906

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£272,227

Mortgage (After Refinance)

£204,171

Mortgage LTV

75%

Cash Released

£35,421

Cash Left In

£82,486

Equity

£68,057

Rent Range

£1,100 - £3,250

Rent Estimate

£1,390

Running Costs/mo

£1,149

Cashflow/mo

£241

Cashflow/yr

£2,895

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £166K to £320K, average is £225K. £1.8K/m² to £4.1K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£186K09/210.03 mi261, Castle Road, Chatham, Medway ME4 5JA3
£175K07/230.1 mi160, Symons Avenue, Chatham, Medway ME4 5TT3
£225K03/210.1 mi24, Sawyers Court, Chatham, Medway ME4 5JH3
£185.5K10/210.11 mi206, Castle Road, Chatham, Medway ME4 5HZ3
£255K02/230.14 mi28, Sawyers Court, Chatham, Medway ME4 5JH3
£208K05/210.18 mi132, Glencoe Road, Chatham, Medway ME4 5QF3
£202K11/200.18 mi137, Castle Road, Chatham, Medway ME4 5HY3
£265K08/210.19 mi30, Dagmar Road, Chatham, Medway ME4 5HB3
£200K08/210.19 mi42, Magpie Hall Road, Chatham, Medway ME4 5ND3
£207.5K06/230.19 mi145, Magpie Hall Road, Chatham, Medway ME4 5ND3
£268K01/230.2 mi16, Whyman Avenue, Chatham, Medway ME4 5TP3
£245K08/210.22 mi67, White Road, Chatham, Medway ME4 5TJ3
£220K11/200.22 mi26, Clarence Road, Chatham, Medway ME4 5EJ3
£268K06/210.23 mi2, Dagmar Road, Chatham, Medway ME4 5HA3
£235K12/230.23 mi37a, Gordon Road, Chatham, Medway ME4 5LU3
£240K11/210.23 mi60, Gordon Road, Chatham, Medway ME4 5LU3
£245K02/230.24 mi37, Clarence Road, Chatham, Medway ME4 5EH3
£270K01/230.24 mi38, White Road, Chatham, Medway ME4 5TJ3
£290K03/230.24 mi25, White Road, Chatham, Medway ME4 5UW3
£320K05/210.25 mi52, Whyman Avenue, Chatham, Kent ME4 5TR3
£195K01/210.26 mi60, Victoria Road, Chatham, Medway ME4 5EU3
£255K02/230.26 mi27, Kitchener Avenue, Chatham, Medway ME4 5XP3
£167K04/210.27 mi66, Glencoe Road, Chatham, Medway ME4 5QE3
£270K09/210.27 mi26, Ruth Street, Chatham, Medway ME4 5NU3
£265K01/230.28 mi134, Victoria Road, Chatham, Medway ME4 5EL3
£225K01/240.29 mi43, Chamberlain Road, Chatham, Medway ME4 5HT3
£270K02/230.29 mi21, Lawn Close, Chatham, Medway ME4 5DP3
£195K11/210.3 mi22, Gordon Road, Chatham, Kent ME4 5LR3
£220K02/230.31 mi91, Sturla Road, Chatham, Medway ME4 5QJ3
£232K07/230.31 mi10, Waghorn Street, Chatham, Medway ME4 5LT3
£250K09/230.32 mi2, Cobden Road, Chatham, Medway ME4 5HW3
£320K12/220.33 mi105, Palmerston Road, Chatham, Medway ME4 6NB3
£188K12/200.33 mi36, Albert Road, Chatham, Medway ME4 5PZ3
£175K11/200.33 mi29, Grove Road, Chatham, Medway ME4 5HS3
£216K08/210.34 mi6, Redvers Road, Chatham, Medway ME4 5UU3
£216K01/230.34 mi7, Redvers Road, Chatham, Medway ME4 5UU3
£260K12/220.34 mi31, Bright Road, Chatham, Medway ME4 5HH3
£225K06/230.34 mi34, Alexandra Road, Chatham, Medway ME4 5DG3
£180K02/230.35 mi71, Albany Road, Chatham, Medway ME4 5DN3
£259K02/240.35 mi50, Ernest Road, Chatham, Medway ME4 5PT3
£220K02/230.35 mi61, Albany Road, Chatham, Medway ME4 5DN3
£305K07/230.35 mi16, Buller Road, Chatham, Medway ME4 5XA3
£176K02/210.35 mi9, Buller Road, Chatham, Medway ME4 5XA3
£267K11/230.35 mi77, Palmerston Road, Chatham, Medway ME4 6NE3
£195K11/230.36 mi72, Sturla Road, Chatham, Medway ME4 5QL3
£205K09/230.36 mi58, Melbourne Road, Chatham, Medway ME4 5PB3
£180K04/210.37 mi27, Albert Road, Chatham, Medway ME4 5PY3
£197K11/210.37 mi15, Natal Road, Chatham, Kent ME4 5PS3
£283K09/230.37 mi140, Palmerston Road, Chatham, Medway ME4 5SJ3
£166K03/240.37 mi28a, East Street, Chatham, Medway ME4 5NJ3

Local Rents

50 rents from £1.1K/mo to £3.3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35001/250.04 mi-3
£1,10004/250.11 mi-3
£1,30011/240.13 mi-3
£1,35007/240.17 miGordon Road, Chatham3
£1,70005/240.17 miMagpie Hall Road, Chatham, ME43
£1,70005/240.17 mi-3
£1,35006/240.18 miGordon Road, Chatham, Kent, ME43
£1,50007/240.18 miGlenoce Road, Chatham3
£1,45007/240.19 miDagmar Road, Chatham, ME43
£1,35007/240.19 miDagmar Road Chatham ME43
£1,35001/250.19 mi-3
£1,27505/240.19 mi-3
£1,25005/240.2 miMagpie Hall Road, Chatham3
£1,34501/250.25 mi-3
£1,50012/240.25 mi-3
£1,48007/240.26 mi-3
£1,40007/240.26 mi-3
£1,35007/240.28 miPortland Street, Chatham3
£1,30007/240.28 miSturla Road, Chatham3
£1,30005/240.3 mi-3
£1,25005/240.3 miGordon Road, ME43
£1,30005/240.31 miSturla Road, Chatham3
£1,45004/250.32 mi-3
£1,65005/240.33 miPalmerston Road Chatham ME43
£1,35006/240.33 miGrove Road, Chatham, ME43
£1,75004/250.34 mi-3
£1,40004/250.34 mi-3
£3,25001/250.34 mi-3
£3,25003/250.34 mi-3
£1,60304/250.35 mi-3
£2,10002/250.36 mi-3
£1,35002/240.37 mi-3
£1,30005/240.37 mi-3
£1,80012/240.37 mi-3
£1,25004/250.4 mi-3
£1,42505/240.4 mi-3
£1,45005/240.41 miLuton Road, Chatham3
£1,40002/240.41 mi-3
£1,44001/250.41 mi-3
£1,40007/240.42 miOtway Street, Chatham, Kent, ME43
£1,40007/240.42 miOtway Street, Chatham, Kent, ME43
£1,35012/240.43 miLeopold Road, Chatham3
£1,75005/240.44 mi-3
£1,40004/250.45 mi-3
£1,30005/240.45 miHerbert Road Chatham ME43
£1,35004/250.45 mi-3
£1,40002/250.46 mi-3
£1,40001/250.46 mi-3
£1,40001/250.46 mi-3
£1,40001/250.46 mi-3

Local Area Statistics

Population in ME4

30,244

Population in Chatham

82,044

Town centre distance

0.26 miles away

Nearest school

0.20 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £225,000

January 15, 2025

Listed for £240,000

December 20, 2024

Sold for £120,000

2011

Floor Plans

Description

  • Large Three Bedroom Home +
  • Garage To Rear +
  • Two Bathrooms +
  • In Need Of Some Modernisation +
  • Ideal First Time Buy Or Buy To Let +
  • EPC - D +

This terraced house offers three separate bedrooms, a spacious lounge, kitchen diner, two bathrooms and a garage to the rear. A perfect opportunity for a first time buyer to give a personal touch. Conveniently located close to the mainline station and walking distance to the town centre and schools.
CALL NOW TO ARRANGE YOUR VIEWING!

Chatham offers a diverse range of property from the affordable to the prestigious. There's a comprehensive range of shops and amenities in and around the sizable and busy town centre. One of Chatham's standout features is the travel links which this fabulous home takes full advantage of. This includes a mainline railway station just a few hundred yards away with high speed connections getting you to London in around 45 minutes. There is also a bus station a short walk away as well as easy access to M2, M20 and M25 motorway networks.

EPC D

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

CHT240379/2

Agent Details

Your Move, Chatham

01634 561125

Next Steps?

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