2 Bed Flat, Single Let, Chatham, ME5 7FD, £195,000

Ward View, Chatham, ME5 7FD - 4 months ago

Leasehold

BTL

ROI: 4%

~69 m²

+3 photos

ValuationOvervalued

Sold Prices	£107K - £245K
Sold Prices/m²	£1.6K/m² - £4.5K/m²

Square Metres	~69.21 m²
Price/m²	£2.8K/m²
Value Estimate	£177,898£177,898

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£48,750£48,750
Stamp Duty & Legal Fees	£12,350£12,350
Total Cash In	£61,100£61,100

Cash Out
Rent Range	£975 - £1,450£975 - £1,450
Rent Estimate	£1,050
Running Costs/mo	£839£839
Cashflow/mo	£211£211
Cashflow/yr	£2,528£2,528
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

22 sold prices from £107K to £245K, average is £160K. £1.6K/m² to £4.5K/m², average is £2.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£160K	02/23	0.23 mi	Top Flat, 8b, Stuart Road, Gillingham, Medway ME7 4AA	£2,388	67	2	Flat
£245K	03/21	0.24 mi	24, Watling Street, Gillingham, Medway ME7 2YH	-	-	2	Flat
£165K	03/23	0.31 mi	70, Upper Luton Road, Chatham, Medway ME5 7BQ	£3,634	45	2	Flat
£195K	09/22	0.31 mi	195, Constitution Road, Chatham, Medway ME5 7DJ	£4,535	43	2	Flat
£157.5K	09/22	0.39 mi	Flat 38, Kingsdale Court, Hopewell Drive, Chatham, Medway ME5 7NN	-	-	2	Flat
£150K	11/22	0.39 mi	Flat 43, Kingsdale Court, Hopewell Drive, Chatham, Medway ME5 7NN	-	-	2	Flat
£170K	01/23	0.46 mi	77, Maida Road, Chatham, Medway ME4 5EB	-	-	2	Flat
£149K	03/23	0.49 mi	123, Maida Road, Chatham, Medway ME4 5ED	£2,525	59	2	Flat
£107K	12/20	0.51 mi	200a, Luton Road, Chatham, Medway ME4 5BP	£1,981	54	2	Flat
£107K	02/21	0.51 mi	198a, Luton Road, Chatham, Medway ME4 5BP	£1,597	67	2	Flat
£158.5K	03/21	0.59 mi	62, Wiltshire Close, Chatham, Medway ME5 7SR	-	-	2	Flat
£165K	10/21	0.59 mi	49, Wiltshire Close, Chatham, Medway ME5 7SR	£2,750	60	2	Flat
£155K	06/21	0.75 mi	38, Steven Close, Chatham, Medway ME4 5NG	£2,500	62	2	Flat
£173.5K	12/20	0.8 mi	69, Diana Road, Chatham, Medway ME4 5PW	£3,615	48	2	Flat
£170K	04/21	0.8 mi	1, Diana Road, Chatham, Medway ME4 5PW	£2,615	65	2	Flat
£160K	12/20	0.8 mi	6, Diana Road, Chatham, Medway ME4 5PW	£2,286	70	2	Flat
£121.5K	11/20	0.8 mi	73, Diana Road, Chatham, Medway ME4 5PW	£1,813	67	2	Flat
£156K	01/21	0.82 mi	57, Mary Court, Chatham, Medway ME4 5NT	£2,836	55	2	Flat
£163K	10/21	0.82 mi	42, Mary Court, Chatham, Medway ME4 5NT	£2,264	72	2	Flat
£150K	11/20	0.82 mi	54, Mary Court, Chatham, Medway ME4 5NT	£2,830	53	2	Flat
£175K	12/22	0.82 mi	15, Mary Court, Chatham, Medway ME4 5NT	£3,241	54	2	Flat
£190K	12/22	0.88 mi	10, Solent Gardens, Chatham, Medway ME5 7TB	-	-	2	Flat

Local Rents

42 rents from £975/mo to £1.4K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	07/24	0.02 mi	Ward View, Chatham,	2	Flat
£1,150	07/24	0.19 mi	Upper Luton Road, Chatham, Kent, ME5	2	Terraced House
£1,200	05/24	0.2 mi	Upper Luton Road, Chatham, Kent, ME5	2	Terraced House
£1,200	06/24	0.2 mi	Upper Luton Road, Chatham, Kent, ME5	2	Terraced House
£1,410	12/24	0.21 mi	-	2	Flat
£1,250	06/24	0.27 mi	Chatham Hill, Chatham, ME5	2	Terraced House
£1,250	07/24	0.27 mi	Chatham Hill, Chatham, ME5	2	Terraced House
£1,250	07/24	0.27 mi	-	2	Terraced House
£1,100	05/24	0.28 mi	Chatham Hill, Chatham	2	Flat
£1,200	05/24	0.29 mi	Chatham Hill, Chatham, Kent, ME5	2	Flat
£1,300	06/24	0.31 mi	Edinburgh Road, Chatham, Kent, ME4	2	House
£1,200	03/24	0.32 mi	Watling Street,Gillingham,ME7	2	Flat
£1,350	12/24	0.32 mi	-	2	Terraced House
£1,400	03/25	0.33 mi	-	2	Terraced House
£1,300	06/24	0.33 mi	Milton Road, Gillingham	2	Terraced House
£1,250	04/25	0.37 mi	-	2	Terraced House
£1,050	06/24	0.37 mi	-	2	Flat
£1,050	06/24	0.37 mi	-	2	Flat
£1,050	06/24	0.37 mi	-	2	Flat
£1,300	12/24	0.4 mi	-	2	Terraced House
£1,250	06/24	0.41 mi	Imperial Road, Gillingham	2	Terraced House
£1,200	08/24	0.49 mi	-	2	Terraced House
£1,050	05/24	0.49 mi	Luton Road, Chatham	2	Flat
£1,150	08/24	0.5 mi	-	2	Flat
£1,150	07/24	0.5 mi	Constitution Road, Chatham, ME5	2	Flat
£1,150	07/24	0.5 mi	Constitution Road, Chatham, ME5	2	Flat
£1,250	07/24	0.5 mi	-	2	Terraced House
£1,250	07/24	0.5 mi	Stonecross Lea, Chatham, ME5	2	Terraced House
£1,100	01/24	0.52 mi	-	2	Terraced House
£1,375	05/24	0.52 mi	Canterbury Street Gillingham ME7	2	Terraced House
£1,250	02/25	0.52 mi	-	2	Terraced House
£975	05/24	0.54 mi	Alton Mews, Canterbury Street, Gillingham, ME7	2	Flat
£1,300	03/24	0.55 mi	Shakespeare Road,Gillingham,ME7	2	Terraced House
£1,150	04/25	0.55 mi	-	2	Flat
£1,100	05/24	0.55 mi	Victoria Road, Chatham	2	Flat
£1,200	05/24	0.55 mi	Thorold Road, Chatham, Kent, ME5	2	Terraced House
£1,400	06/24	0.56 mi	-	2	Flat
£1,350	05/24	0.56 mi	-	2	Flat
£1,400	04/25	0.56 mi	-	2	Flat
£1,200	05/24	0.56 mi	Canterbury Street Gillingham ME7	2	Terraced House
£1,450	07/24	0.62 mi	-	2	Terraced House
£1,450	07/24	0.62 mi	Castle Road, Chatham, ME4	2	Terraced House

Local Area Statistics

Population in ME5	51,76451,764
Population in Chatham	82,04482,044
Town centre distance	1 miles away1 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.02 miles away1.02 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+17%+17%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+21%+21%

Property History

Listed for £195,000

January 7, 2025

Floor Plans

Description

No forward chain +
Two Double Bedrooms +
Allocated Parking +
Ideal First Purchase or Investment +
Modern fitted Kitchen/Diner +
Lease Hold +
Close to amenities +

Being offered with no forward chain. This is an ideal property for the first time buyer or investor. Situated in a prime location and close to local amenities. This two double bed ground floor apartment, is ready to move into with spacious entrance hall leading to a modern fitted kitchen offering a range of fitted wall and base units including integrated gas hob and oven, ample work surfaces. Also offers a good sized lounge/diner. Externally offers a secure intercom entrance and allocated parking for one car plus a visitor parking space. Please call Greyfox Sales Team for further details.

Agent Details

Greyfox Estate Agents, Walderslade

01634 957870

Next Steps?

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

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