2 Bed Terraced House, Single Let, Chatham, ME5 8YS, £250,000

Greenwich Close, Lordswood, Chatham, Kent. ME5 8YS - 3 months ago

BTL
ROI: 2%
~77 m²
+12 photos

ValuationUndervalued

Sold Prices£195K - £355K
Sold Prices/m²£3K/m² - £5.5K/m²

 

 

Square Metres

~76.80 m²
Price/m²£3.3K/m²

Value Estimate

£310,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£16,200

Total Cash In

£78,700

 

 

Cash Out

 

Rent Range

£1,100 - £1,500

Rent Estimate

£1,150

Running Costs/mo

£1,031

Cashflow/mo

£119

Cashflow/yr

£1,425

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £195K to £355K, average is £256.3K. £3K/m² to £5.5K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£235K12/200.04 mi27, Greenwich Close, Chatham, Kent ME5 8YS2
£290K04/230.05 mi175, Kingston Crescent, Chatham, Medway ME5 8YZ2
£275K08/230.06 mi59, Weybridge Close, Chatham, Medway ME5 8RW2
£230K11/200.13 mi115, Kingston Crescent, Chatham, Kent ME5 8XG2
£250K06/230.14 mi33, Lambeth Close, Chatham, Medway ME5 8YL2
£235K06/210.15 mi48, Kingston Crescent, Chatham, Medway ME5 8YW2
£235K02/210.19 mi31, Scotby Avenue, Chatham, Medway ME5 8EP2
£215K12/200.21 mi41, Croydon Close, Chatham, Medway ME5 8RT2
£240K01/210.21 mi42, Croydon Close, Chatham, Medway ME5 8RT2
£240K04/230.21 mi54, Croydon Close, Chatham, Medway ME5 8RT2
£270K05/230.22 mi32, Wetheral Drive, Chatham, Medway ME5 8ES2
£310K05/230.23 mi5, Severn Road, Chatham, Medway ME5 8JN2
£305K01/230.26 mi4, Tyne Close, Chatham, Medway ME5 8JQ2
£237K06/210.28 mi17, Rothervale, Chatham, Kent ME5 8PN2
£270K07/230.28 mi23, Rothervale, Chatham, Medway ME5 8PN2
£278K07/230.3 mi24, Romney Road, Chatham, Medway ME5 7LU2
£278.5K07/230.3 mi5, Ballens Road, Chatham, Medway ME5 8NS2
£355K04/230.31 mi12, Stag Road, Chatham, Medway ME5 8LG2
£270K05/230.34 mi45, Brenzett Close, Chatham, Medway ME5 7NB2
£292.5K04/230.34 mi58, Winchelsea Road, Chatham, Medway ME5 7LT2
£278K12/220.37 mi40, Burmarsh Close, Chatham, Medway ME5 7LZ2
£245K08/210.38 mi18, Burmarsh Close, Chatham, Medway ME5 7LZ2
£233K07/210.38 mi36, Burmarsh Close, Chatham, Kent ME5 7LZ2
£220K04/210.38 mi1, Burmarsh Close, Chatham, Medway ME5 7LZ2
£220K11/200.38 mi33, Burmarsh Close, Chatham, Kent ME5 7LZ2
£272K06/210.38 mi24, Burmarsh Close, Chatham, Medway ME5 7LZ2
£285K01/230.38 mi23, Burmarsh Close, Chatham, Medway ME5 7LZ2
£245K06/210.4 mi161, Princes Avenue, Chatham, Medway ME5 8AX2
£267K06/230.4 mi157, Princes Avenue, Chatham, Medway ME5 8AX2
£275K03/230.4 mi15, Winchelsea Road, Chatham, Medway ME5 7LY2
£250K11/210.44 mi6, Christie Close, Chatham, Medway ME5 7NG2
£242K02/210.44 mi3, Christie Close, Chatham, Medway ME5 7NG2
£266K05/230.46 mi21, Bronington Close, Chatham, Medway ME5 7RA2
£240K08/210.47 mi38, Gatcombe Close, Chatham, Kent ME5 7RD2
£235K10/210.47 mi55, Christie Close, Chatham, Medway ME5 7NQ2
£195K12/200.47 mi35, Chevening Close, Chatham, Medway ME5 7PZ2
£252K03/230.48 mi7, Brownhill Close, Chatham, Medway ME5 0NN2
£280K11/200.48 mi15, Brownhill Close, Chatham, Medway ME5 0NN2
£305K02/210.48 mi16, Brownhill Close, Chatham, Medway ME5 0NN2
£211K02/230.49 mi22, Mckenzie Road, Chatham, Medway ME5 8DL2
£255K06/230.49 mi11, Emily Road, Chatham, Medway ME5 7LF2
£315K02/230.55 mi38, Savage Road, Chatham, Medway ME5 8DZ2
£242K06/230.55 mi64, Savage Road, Chatham, Medway ME5 8DZ2
£260K03/230.55 mi50, Savage Road, Chatham, Medway ME5 8DZ2
£249.3K04/230.56 mi23, Charlotte Close, Chatham, Medway ME5 7LQ2
£265K06/230.56 mi41, Charlotte Close, Chatham, Medway ME5 7LQ2
£257.5K11/200.57 mi93, Princes Avenue, Chatham, Medway ME5 8AY2
£285K02/230.57 mi19, Ramillies Close, Chatham, Medway ME5 7SA2
£206K12/200.59 mi28, Fanconi Road, Chatham, Kent ME5 8DE2
£285K04/230.6 mi35, Monarch Close, Chatham, Medway ME5 7PD2

Local Rents

17 rents from £1.1K/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25002/250.14 mi-2
£1,30005/240.28 miRothervale, Chatham, Kent, ME52
£1,29503/250.31 mi-2
£1,10005/240.31 miStag Road, Chatham, Kent, ME52
£1,25007/240.35 miBrenzett Close, Chatham, ME52
£1,25007/240.35 miBrenzett Close, Chatham, ME52
£1,25007/240.35 miBrenzett Close, Chatham, ME52
£1,25007/240.35 mi-2
£1,35003/250.46 mi-2
£1,20004/250.46 mi-2
£1,40001/250.5 mi-2
£1,15007/240.53 miIllustrious Close, Chatham2
£1,50005/240.54 miDarenth Rise, Lordswood, Chatham2
£1,10006/240.54 miResolution Close, Chatham, Kent, ME52
£1,20001/250.56 mi-2
£1,27505/240.58 miRamillies Close, ME52
£1,39505/240.58 mi-2

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

1.58 miles away

Nearest school

0.40 miles away

Nearest train station

2.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Price changed to £250,000

February 28, 2025

Listed for £260,000

January 28, 2025

Floor Plans

Description

  • TWO DOUBLE BEDROOMS +
  • FRONT LIVING ROOM +
  • FRONT AND REAR GARDENS +
  • RESIDENTIAL CLOSE SET BACK FROM THE ROAD +
  • KITCHEN/DINER WITH GARDEN ACCESS +
  • IDEAL FIRST TIME BUY PROPERTY +
  • FIRST FLOOR BATHROOM +
  • GENEROUS LAYOUT +
  • MOVE IN READY +

A large two double bedroom house with 850 sq ft of living space and located in a residential close set back from the road, perfect for first-time buyers, investors and within a short walking distance of local shops and woodland walks on your doorstep. The front living room welcomes you with a cosy ambience, while the kitchen/diner provides a functional and naturally light space with direct access to the rear garden, perfect for enjoying al fresco dining and entertaining guests. Upstairs, two sizeable double bedrooms and a first-floor bathroom complete the generous layout of this move-in-ready home, ensuring comfort and practicality for every-day living.

With the convenience of having accessible outdoor space with front and back gardens and woodland walks at your doorstep, this property provides a rare opportunity to enjoy the benefits of a suburban lifestyle while being just a stone's throw away from local amenities, schools, and transport links. Don't miss the chance to make this charming terraced house your own and create lasting memories in a welcoming community. EPC Grade D Medway Council Tax Band B

EPC Rating: D

Agent Details

Moxy Property Consultants, Rochester

01634 563781

Next Steps?

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