3 Bed Semi-Detached House, Refurb/BRRR, Chatham, ME5 7LU, £260,000

Romney Road, Walderslade, Kent, ME5 7LU - 26 views - 3 months ago

Sold STC
Refurb/BRRR
~93 m²
+4 photos

ValuationFair Value

Sold Prices£215K - £400K
Sold Prices/m²£2.2K/m² - £4.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£262,600

 

 

End Value (After Refurb)

£374,703

Uplift in Value

+44%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£45,600

Bridging Loan Interest

£6,825

Total Cash In

£128,675

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£374,703

Agent Fees (1%)

£3,747

Bridging Loan

£195,000

Bridging Loan Interest

£6,825

Flip Profit

£47,281

Local Sold Prices

50 sold prices from £215K to £400K, average is £300K. £2.2K/m² to £4.9K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£280K11/210.07 mi63, Winchelsea Road, Chatham, Kent ME5 7LT3
£300K07/230.1 mi11, Bilsington Close, Chatham, Medway ME5 7NE3
£270K03/230.1 mi3, Bilsington Close, Chatham, Medway ME5 7NE3
£370K07/230.11 mi33, Wittersham Close, Chatham, Medway ME5 7NA3
£282.5K03/230.11 mi41, Wittersham Close, Chatham, Medway ME5 7NA3
£380K03/230.12 mi342a, Lords Wood Lane, Chatham, Medway ME5 8JT3
£345K11/200.12 mi328, Lords Wood Lane, Chatham, Kent ME5 8JT3
£349K03/210.15 mi6, Downland Walk, Chatham, Medway ME5 8AF3
£320K04/210.18 mi4, Scotby Avenue, Chatham, Medway ME5 8EP3
£330K04/210.19 mi22, Bronington Close, Chatham, Medway ME5 7RA3
£322.5K03/230.19 mi2, Bronington Close, Chatham, Medway ME5 7RA3
£400K11/220.19 mi6, Bronington Close, Chatham, Medway ME5 7RA3
£265K10/210.2 mi10, Camden Close, Chatham, Kent ME5 8YF3
£340K11/210.21 mi8, Tyne Close, Chatham, Medway ME5 8JQ3
£250K03/210.22 mi43, Stag Road, Chatham, Medway ME5 8LG3
£285K09/210.22 mi25, Stag Road, Chatham, Kent ME5 8LG3
£290K03/210.23 mi47, Illustrious Close, Chatham, Medway ME5 7RW3
£360K02/230.23 mi5, Chevening Close, Chatham, Medway ME5 7PZ3
£302K09/210.23 mi23, Wetheral Drive, Chatham, Medway ME5 8ES3
£345K07/230.23 mi37, Wetheral Drive, Chatham, Medway ME5 8ES3
£312.5K12/200.23 mi65, Christie Close, Chatham, Medway ME5 7NQ3
£298K04/210.24 mi6, Resolution Close, Chatham, Medway ME5 7RJ3
£390K03/230.25 mi3, Glamis Close, Chatham, Medway ME5 7QQ3
£300K06/210.25 mi9, Emily Road, Chatham, Medway ME5 7LF3
£287.5K05/210.26 mi53, Gatcombe Close, Chatham, Medway ME5 7RD3
£300K11/200.26 mi3, Gatcombe Close, Chatham, Kent ME5 7RD3
£395K03/230.26 mi2, Defoe Close, Chatham, Medway ME5 7TJ3
£375K01/230.26 mi2, Emily Road, Chatham, Medway ME5 7LF3
£287K03/210.28 mi9, Peacock Rise, Chatham, Medway ME5 8RN3
£300K12/200.28 mi10, Peacock Rise, Chatham, Medway ME5 8RN3
£385K03/210.28 mi4, Stanley Road, Chatham, Medway ME5 8LN3
£265K03/210.29 mi173, Kingston Crescent, Chatham, Medway ME5 8YZ3
£317K04/210.29 mi27, Kingston Crescent, Chatham, Medway ME5 8YQ3
£260K10/210.32 mi127, Princes Avenue, Chatham, Kent ME5 8AX3
£235K12/200.32 mi133, Princes Avenue, Chatham, Medway ME5 8AX3
£315K03/210.32 mi15, Merton Close, Chatham, Medway ME5 8YX3
£300K04/230.33 mi47, Prince Charles Avenue, Chatham, Medway ME5 8EY3
£335K12/200.33 mi55, Prince Charles Avenue, Chatham, Medway ME5 8EY3
£332K04/230.33 mi32, Raleigh Close, Chatham, Medway ME5 7SB3
£305K04/230.34 mi38, Ealing Close, Chatham, Medway ME5 8YJ3
£232.5K01/210.36 mi23, Halifax Close, Chatham, Kent ME5 7QR3
£290K08/230.36 mi14, Sundridge Drive, Chatham, Medway ME5 8HE3
£246K09/210.36 mi7, Sundridge Drive, Chatham, Medway ME5 8HE3
£265K04/210.36 mi52, Sussex Drive, Chatham, Medway ME5 0NP3
£285K05/230.37 mi1, Spitfire Close, Chatham, Medway ME5 7QW3
£240K04/210.37 mi17, Spitfire Close, Chatham, Medway ME5 7QW3
£270K11/210.38 mi168, Sundridge Drive, Chatham, Medway ME5 8HG3
£215K02/210.39 mi90, Bromley Close, Chatham, Medway ME5 8YP3
£248K04/210.4 mi46, Mermaid Close, Chatham, Medway ME5 7PT3
£264K11/200.4 mi13, Sussex Drive, Chatham, Medway ME5 0NJ3

Local Rents

22 rents from £1.2K/mo to £2K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£2,00012/240.03 mi-3
£1,40005/240.08 mi-3
£1,50005/240.21 miChristie Close , Chatham , Kent 3
£1,60001/250.29 mi-3
£1,55012/240.3 mi-3
£1,35005/240.36 miHalifax Close Chatham ME53
£1,55006/240.38 miBromley Close, Chatham, Kent, ME53
£1,70003/250.43 mi-3
£1,40007/240.45 miSussex Drive, Chatham , Kent 3
£1,90003/250.45 mi-3
£1,55001/250.46 mi-3
£1,40006/240.49 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,40006/240.49 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,40007/240.49 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,40007/240.49 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,35008/240.53 mi-3
£1,35007/240.53 miHeritage Road, Chatham, ME53
£1,52507/240.56 mi-3
£1,20007/240.58 miAdmirals Walk, Lordswood, ME53
£1,50005/240.58 miChurchill Avenue, Chatham, Kent, ME53
£1,50005/240.58 miChurchill Avenue Chatham ME53
£1,50005/240.58 miChurchill Avenue, Chatham, Kent, ME53

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

1.32 miles away

Nearest school

0.10 miles away

Nearest train station

2.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £260,000

January 11, 2025

Floor Plans

Description

  • Investment opportunity +
  • In need of complete refurbishment +
  • 3 Bedroom semi detached house +
  • Two reception rooms +
  • Offer road parking +
  • No chain +

This three-bedroom semi-detached house offers an excellent opportunity for buyers looking to renovate and create their dream home.

Situated in a convenient location, this property is competitively priced to reflect its need for complete refurbishment, making it ideal for investors, first-time buyers, or families ready to take on a rewarding project.

The property has a lounge, dining room and kitchen on the ground floor with three bedrooms and the bathroom upstairs and a drive to the front.

Offered to the market with no onward chain

Exterior
Side Access
Laid to lawn

Agent Details

Robinson Michael & Jackson, Walderslade

01634 959302

Next Steps?

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