3 Bed Terraced House, Refurb/BRRR, Chatham, ME4 5RR, £235,000

Mount Road, Chatham, Kent, ME4 5RR - 6 views - 3 months ago

Refurb/BRRR
ROI: 4%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£157K - £430K
Sold Prices/m²£1.8K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£242,050
BMV3%

 

 

End Value (After Refurb)

£272,025

Uplift in Value

+16%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£8,250

Refurb Costs

£45,600

Bridging Loan Interest

£6,169

Total Cash In

£120,519

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£272,025

Mortgage (After Refinance)

£204,019

Mortgage LTV

75%

Cash Released

£27,769

Cash Left In

£92,750

Equity

£68,006

Rent Range

£1,200 - £3,550

Rent Estimate

£1,542

Running Costs/mo

£1,178

Cashflow/mo

£364

Cashflow/yr

£4,362

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £157K to £430K, average is £235K. £1.8K/m² to £3.9K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£177K12/200.04 mi46, Southill Road, Chatham, Medway ME4 5SB3
£240K11/200.07 mi35, Mount Road, Chatham, Medway ME4 5RN3
£175K02/210.07 mi21, Southill Road, Chatham, Medway ME4 5SA3
£300K07/230.1 mi58, Maidstone Road, Chatham, Medway ME4 6DG3
£235K04/210.1 mi26, Maidstone Road, Chatham, Medway ME4 6DG3
£234K05/210.1 mi68, Maidstone Road, Chatham, Medway ME4 6DG3
£237K01/230.1 mi30, Mount Road, Chatham, Medway ME4 5RP3
£175K02/210.11 mi56, Charter Street, Chatham, Medway ME4 5RZ3
£175K10/200.13 mi1, Ingle Road, Chatham, Medway ME4 5SD3
£220K11/210.13 mi51, Ingle Road, Chatham, Medway ME4 5SD3
£242K03/210.13 mi63, Ingle Road, Chatham, Medway ME4 5SD3
£235K07/210.13 mi13, Ingle Road, Chatham, Medway ME4 5SD3
£170K07/210.13 mi9, Beaconsfield Road, Chatham, Medway ME4 5SW3
£237K02/210.13 mi40, Beaconsfield Road, Chatham, Medway ME4 5SW3
£295K07/230.13 mi10, Beaconsfield Road, Chatham, Medway ME4 5SW3
£285K08/210.14 mi68, Ingle Road, Chatham, Medway ME4 5SE3
£300K06/210.14 mi5, Port Rise, Chatham, Medway ME4 6QA3
£285K08/230.14 mi44, Chalkpit Hill, Chatham, Medway ME4 5SU3
£250K10/230.15 mi88, Holcombe Road, Chatham, Medway ME4 5RX3
£195K01/210.15 mi28, Palmerston Road, Chatham, Medway ME4 5SR3
£235K02/230.18 mi101, Charter Street, Chatham, Medway ME4 5RY3
£233K05/230.18 mi3, Leopold Road, Chatham, Medway ME4 5SX3
£225K07/230.18 mi15, Leopold Road, Chatham, Medway ME4 5SX3
£305K05/210.19 mi54, Westmount Avenue, Chatham, Kent ME4 6DB3
£260K03/230.19 mi53, Westmount Avenue, Chatham, Medway ME4 6DB3
£430K05/230.2 mi27a, Maidstone Road, Chatham, Medway ME4 6DD3
£197K11/210.2 mi15, Natal Road, Chatham, Kent ME4 5PS3
£232.5K12/230.2 mi29, Herbert Road, Chatham, Medway ME4 5PN3
£175K09/210.2 mi21, Rochester Street, Chatham, Kent ME4 6RT3
£263K11/230.2 mi87, Hartington Street, Chatham, Medway ME4 5PJ3
£245K05/230.2 mi85, Hartington Street, Chatham, Medway ME4 5PJ3
£295K12/220.21 mi8, King Edward Road, Chatham, Medway ME4 6EA3
£250K04/210.21 mi38, King Edward Road, Chatham, Medway ME4 6EA3
£315K02/230.21 mi7, Westmount Avenue, Chatham, Medway ME4 6DA3
£310.5K05/230.21 mi30, Westmount Avenue, Chatham, Medway ME4 6DA3
£305K07/230.21 mi16, Buller Road, Chatham, Medway ME4 5XA3
£176K02/210.21 mi9, Buller Road, Chatham, Medway ME4 5XA3
£287.5K04/230.21 mi148, Rochester Street, Chatham, Medway ME4 6RS3
£318.5K08/230.21 mi132, Rochester Street, Chatham, Medway ME4 6RS3
£180K04/210.22 mi27, Albert Road, Chatham, Medway ME4 5PY3
£216K01/230.22 mi7, Redvers Road, Chatham, Medway ME4 5UU3
£216K08/210.22 mi6, Redvers Road, Chatham, Medway ME4 5UU3
£231.5K06/210.23 mi12, Pagitt Street, Chatham, Medway ME4 6RF3
£245K10/210.23 mi41, Pagitt Street, Chatham, Kent ME4 6RF3
£197K02/210.23 mi128, Dale Street, Chatham, Medway ME4 6QH3
£188K12/200.23 mi124, Dale Street, Chatham, Medway ME4 6QH3
£221K08/210.24 mi70, Otway Street, Chatham, Medway ME4 5PL3
£250K03/210.24 mi54, Pagitt Street, Chatham, Medway ME4 6RE3
£205K02/210.24 mi50, Pagitt Street, Chatham, Medway ME4 6RE3
£157K06/210.24 mi45, Sydney Road, Chatham, Medway ME4 5PP3

Local Rents

50 rents from £1.2K/mo to £3.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35007/240.07 miMount Road, Chatham3
£1,25005/240.07 miSouthill Road Chatham ME43
£1,25007/240.07 miSouthill Road Chatham ME43
£1,30008/240.07 miSouthill Road Chatham ME43
£1,25005/240.08 miIngle Road, Chatham3
£1,35005/240.08 miMount Road Chatham ME43
£1,60005/240.1 miMaidstone Road, Chatham, Kent, ME43
£1,75005/240.12 mi-3
£1,35006/240.13 miIngle Road Chatham ME43
£1,60007/240.14 miIngle Road Chatham ME43
£1,60007/240.14 miPort Rise, Chatham, ME43
£1,60006/240.14 mi-3
£1,60007/240.14 mi-3
£1,50006/240.16 miMaidstone Road, Chatham, ME43
£3,10004/250.17 mi-3
£1,35012/240.18 miLeopold Road, Chatham3
£2,20002/240.19 mi-3
£1,50003/250.2 mi-3
£1,30005/240.2 miHerbert Road, Chatham, Kent, ME43
£1,30005/240.2 miHerbert Road Chatham ME43
£1,45002/250.2 mi-3
£1,35002/240.22 mi-3
£2,95006/240.22 mi-3
£3,55007/240.22 mi-3
£1,39505/240.23 mi-3
£1,35005/240.24 miDale Street, Chatham, Kent, ME43
£1,40007/240.25 miOtway Street, Chatham, Kent, ME43
£1,40007/240.25 miOtway Street, Chatham, Kent, ME43
£1,40004/250.26 mi-3
£1,42505/240.26 mi-3
£1,37505/240.26 mi-3
£1,35005/240.26 miRochester Street, Chatham3
£1,50002/250.27 mi-3
£1,30007/240.29 miSturla Road, Chatham3
£1,30005/240.3 miDale Street, Chatham, Kent, ME43
£1,20008/240.3 miDale Street, Chatham, Kent, ME43
£1,60304/250.31 mi-3
£1,30005/240.31 miSturla Road, Chatham3
£2,10002/240.33 mi-3
£2,10005/240.33 mi-3
£1,40006/240.35 miFort Pitt Street, Chatham, Kent, ME43
£1,75004/250.36 mi-3
£1,30007/240.37 miSalisbury Road, Chatham, Kent, ME43
£1,39505/240.37 miBoundary Road, CHATHAM3
£1,30007/240.37 miBoundary Road, Chatham3
£1,40005/240.38 miBlenheim Avenue, Chatham3
£1,35001/250.39 mi-3
£1,50007/240.4 miGlenoce Road, Chatham3
£1,40006/240.41 miGrosvenor Avenue, Chatham3
£1,65005/240.42 miPalmerston Road Chatham ME43

Local Area Statistics

Population in ME4

30,244

Population in Chatham

82,044

Town centre distance

0.58 miles away

Nearest school

0.20 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £235,000

January 17, 2025

Floor Plans

Description

  • Close To Town & Station +
  • Three Bedrooms +
  • Large Living Room +
  • In Need Of Some TLC +

A spacious and conveniently located three bedroom home situated in a set back, elevated position, within walking distance of the town centre and mainline station.

The property comprises a large living room, kitchen, bathroom and three bedrooms as well as a rear garden.

This property requires some updating but will make a lovely, convenient home for any first time buyer or family.

Location: Chatham offers a diverse range of property ranging 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 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 - C
Council Tax Band - B

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.

CHT240369/2

Agent Details

Your Move, Chatham

01634 561125

Next Steps?

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