2 Bed Flat, Single Let, Chatham, ME5 0EZ, £170,000

Spacious Apartment with Parking & Loft (Long Lease) The Willows, ME5 0EZ - 3 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 10%
~68 m²
+16 photos

ValuationUndervalued

Sold Prices£107K - £195K
Sold Prices/m²£1.6K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£175,073
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£1,200 - £1,450

Rent Estimate

£1,200

Running Costs/mo

£791

Cashflow/mo

£409

Cashflow/yr

£4,905

ROI

10%

Gross Yield

8%

Local Sold Prices

22 sold prices from £107K to £195K, average is £158K. £1.6K/m² to £4.5K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£190K12/220.16 mi10, Solent Gardens, Chatham, Medway ME5 7TB2
£158.5K03/210.5 mi62, Wiltshire Close, Chatham, Medway ME5 7SR2
£165K10/210.5 mi49, Wiltshire Close, Chatham, Medway ME5 7SR2
£157.5K09/220.64 miFlat 38, Kingsdale Court, Hopewell Drive, Chatham, Medway ME5 7NN2
£150K11/220.64 miFlat 43, Kingsdale Court, Hopewell Drive, Chatham, Medway ME5 7NN2
£131K10/200.64 miFlat 16, Kingsdale Court, Hopewell Drive, Chatham, Medway ME5 7NN2
£149K03/230.73 mi123, Maida Road, Chatham, Medway ME4 5ED2
£170K01/230.77 mi77, Maida Road, Chatham, Medway ME4 5EB2
£195K09/220.81 mi195, Constitution Road, Chatham, Medway ME5 7DJ2
£173.5K12/200.83 mi69, Diana Road, Chatham, Medway ME4 5PW2
£170K04/210.83 mi1, Diana Road, Chatham, Medway ME4 5PW2
£160K12/200.83 mi6, Diana Road, Chatham, Medway ME4 5PW2
£121.5K11/200.83 mi73, Diana Road, Chatham, Medway ME4 5PW2
£156K01/210.85 mi57, Mary Court, Chatham, Medway ME4 5NT2
£163K10/210.85 mi42, Mary Court, Chatham, Medway ME4 5NT2
£150K11/200.85 mi54, Mary Court, Chatham, Medway ME4 5NT2
£175K12/220.85 mi15, Mary Court, Chatham, Medway ME4 5NT2
£107K12/200.88 mi200a, Luton Road, Chatham, Medway ME4 5BP2
£107K02/210.88 mi198a, Luton Road, Chatham, Medway ME4 5BP2
£165K03/230.88 mi70, Upper Luton Road, Chatham, Medway ME5 7BQ2
£155K06/210.88 mi38, Steven Close, Chatham, Medway ME4 5NG2
£115K10/221 mi35, Scotby Avenue, Chatham, Medway ME5 8ER2

Local Rents

16 rents from £1.2K/mo to £1.4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25005/240.11 miFreshwater Road, Chatham, ME52
£1,25006/240.11 miFreshwater Road, Chatham, ME52
£1,25006/240.11 mi-2
£1,35007/240.25 mi-2
£1,20007/240.35 miShanklin Close, Chatham, Kent, ME52
£1,30005/240.37 miShanklin Close, Chatham, Kent, ME52
£1,25005/240.4 miColchester Close, Chatham, Kent, ME52
£1,25007/240.44 miStonecross Lea, Chatham, ME52
£1,25007/240.44 mi-2
£1,40005/240.47 mi-2
£1,20005/240.47 miMermaid Close2
£1,20005/240.51 mi-2
£1,40002/250.52 mi-2
£1,20001/250.52 mi-2
£1,20006/240.59 miRaleigh Close, Walderslade2
£1,45005/240.6 mi-2

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

0.52 miles away

Nearest school

0.30 miles away

Nearest train station

1.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £170,000

January 3, 2025

Floor Plans

Description

  • Spacious 548 sq ft first-floor apartment in a modern well maintained block +
  • Two double bedrooms, perfect for flexible living +
  • 20ft open-plan kitchen, lounge, and dining area +
  • Renovated kitchen with integrated appliances. +
  • Brand-new windows installed in 2024 for added comfort +
  • Entrance hallway with large double storage cupboard +
  • Loft storage +
  • Quiet location with communal gardens and allocated parking. +
  • Close to schools, shops, Chatham station, and M2 links +
  • Guide Price £170,000 - £190,000 +

Guide Price £170,000 - £190,000 Discover a serene retreat in this charming first-floor apartment, offering 548sq ft of thoughtfully designed living space within a modern, low-density block featuring just two apartments per floor. Perfect for first-time buyers or those seeking a peaceful lifestyle, the property is accessed via a secure intercom system and features brand-new windows, installed in 2024, for enhanced comfort and energy efficiency. Step into the welcoming entrance hallway, where a large double storage cupboard provides a practical solution for keeping your home neat and organised. The centrepiece of the apartment is the stunning 20ft open-plan kitchen, lounge, and dining area, designed to maximize space and natural light. The recently renovated kitchen boasts integrated appliances, including a fridge, freezer, oven, and hob, ensuring both style and functionality for everyday living and entertaining. Two generously sized double bedrooms offer comfortable and versatile spaces, while thoughtful touches, such as an LED-lit wardrobe in the primary bedroom, add a contemporary flair. The apartment also benefits from loft storage, ideal for keeping seasonal items out of sight yet easily accessible. Residents can enjoy the well-maintained communal gardens, perfect for relaxing outdoors, and the convenience of an allocated parking space. The friendly, quiet community atmosphere is consistently praised by current and past residents, making this a truly inviting home. Situated in the heart of Wayfield, the apartment enjoys a prime location close to a range of amenities. Wayfield Primary School, known for its dedication to nurturing young learners, is just a short walk away. For daily shopping, nearby options include Wayfield Newsagents and Spar, plus Co-op Food a short drive away. The local doctors plus pharmacy, takeaways and a range of shops are also within walking distance, including several bus stops for easy transport within the local area.   Commuters are well-served by Chatham Railway Station, located approximately 2 miles away, offering direct services to London Victoria and other key destinations. The M2 motorway is also within easy reach, providing excellent connectivity for drivers. Blending modern living with community charm, this spacious apartment is ready to welcome you home to a lifestyle of convenience and comfort. MATERIAL INFORMATION LEASEHOLD: 189 Years from 1994 LEASE: 159 (extended 30/05/2018) SERVICE CHARGE: £1344p/a GROUND RENT: £0 EPC: D (62) COUNCIL TAX: B (£1,633.92) LOCAL AUTHORITY: Medway NOTE: New Windows & communal front door charge of £4,424 - One off Charge and separate to monthly service charge

Agent Details

Kayleigh Stevens Personal Property Consultancy, Rainham, Gillingham

01404 515593

Next Steps?

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