3 Bed Terraced House, Refurb/BRRR, Gillingham, ME7 5JG, £250,000

York Avenue, Gillingham, Kent, ME7 5JG - 3 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£120K - £367K
Sold Prices/m²£1.1K/m² - £4.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£247,326

 

 

End Value (After Refurb)

£264,074

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£45,472

Bridging Loan Interest

£6,563

Total Cash In

£124,985

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£264,074

Mortgage (After Refinance)

£198,056

Mortgage LTV

75%

Cash Released

£10,556

Cash Left In

£114,429

Equity

£66,019

Rent Range

£650 - £3,500

Rent Estimate

£1,503

Running Costs/mo

£1,146

Cashflow/mo

£357

Cashflow/yr

£4,286

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £120K to £367K, average is £233.3K. £1.1K/m² to £4.5K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£220K03/210.01 mi52, York Avenue, Gillingham, Medway ME7 5JG3
£120K01/210.08 mi76, College Avenue, Gillingham, Kent ME7 5HX3
£318K06/230.08 mi44, College Avenue, Gillingham, Medway ME7 5HX3
£295K09/210.09 mi41, Regent Road, Gillingham, Kent ME7 5JD3
£237.5K06/210.16 mi3, Nile Road, Gillingham, Kent ME7 4SE3
£200K02/210.16 mi20, Nile Road, Gillingham, Medway ME7 4SE3
£233.5K07/210.16 mi11, College Avenue, Gillingham, Medway ME7 5HY3
£220K02/210.16 mi3, College Avenue, Gillingham, Medway ME7 5HY3
£290K05/230.16 mi51, College Avenue, Gillingham, Medway ME7 5HY3
£320K12/220.2 mi118, Windmill Road, Gillingham, Medway ME7 5PD3
£326.2K02/230.22 mi144, Windmill Road, Gillingham, Medway ME7 5PD3
£225K04/210.24 mi96, Shakespeare Road, Gillingham, Medway ME7 5QJ3
£245K01/230.25 mi38, Trafalgar Street, Gillingham, Medway ME7 4RL3
£235K04/230.26 mi55, Seaview Road, Gillingham, Medway ME7 4NL3
£222K10/210.26 mi41, Seaview Road, Gillingham, Medway ME7 4NL3
£260K11/210.27 mi42, Byron Road, Gillingham, Medway ME7 5QH3
£367K03/230.28 mi84, Rock Avenue, Gillingham, Medway ME7 5PS3
£240K11/200.28 mi46, Longfellow Road, Gillingham, Medway ME7 5QG3
£225K10/210.28 mi20, Milton Road, Gillingham, Medway ME7 5LN3
£265K11/210.28 mi56, Milton Road, Gillingham, Medway ME7 5LN3
£265K03/210.29 mi21, Longhill Avenue, Chatham, Medway ME5 7AR3
£210K12/200.3 mi22, Gillingham Road, Gillingham, Medway ME7 4RR3
£245K12/200.3 mi70, Longfellow Road, Gillingham, Medway ME7 5QQ3
£202K10/220.3 mi30, Gillingham Road, Gillingham, Medway ME7 4RR3
£200K06/230.32 mi24, Tennyson Road, Gillingham, Medway ME7 5QD3
£185K02/210.32 mi33, Tennyson Road, Gillingham, Medway ME7 5QD3
£250K05/230.32 mi65, Tennyson Road, Gillingham, Medway ME7 5QD3
£265K09/210.32 mi274, Canterbury Street, Gillingham, Medway ME7 5XT3
£240K06/230.34 mi50, Seymour Road, Chatham, Medway ME5 7AE3
£221K04/230.34 mi170, St Johns Road, Gillingham, Medway ME7 5QE3
£230K09/210.35 mi179, Shakespeare Road, Gillingham, Medway ME7 5QB3
£195.5K08/210.35 mi147, Shakespeare Road, Gillingham, Kent ME7 5QB3
£233K03/210.35 mi124, Nelson Road, Gillingham, Medway ME7 4LL3
£200K06/210.36 mi140, Shakespeare Road, Gillingham, Medway ME7 5QA3
£163K11/200.36 mi55, Thorold Road, Chatham, Medway ME5 7EB3
£220K07/210.37 mi107, Imperial Road, Gillingham, Medway ME7 5PH3
£275K04/230.37 mi85, Imperial Road, Gillingham, Medway ME7 5PH3
£280K03/210.38 mi184, Rock Avenue, Gillingham, Medway ME7 5PR3
£340K02/210.39 mi145, Nelson Road, Gillingham, Medway ME7 4LT3
£200K03/210.39 mi24, Pretoria Road, Gillingham, Medway ME7 4ND3
£171K03/210.39 mi16, Pretoria Road, Gillingham, Medway ME7 4ND3
£350K11/220.39 mi204, Chatham Hill, Chatham, Medway ME5 7BB3
£300K09/210.39 mi170, Chatham Hill, Chatham, Kent ME5 7BB3
£230K03/230.4 mi38, Upper Luton Road, Chatham, Medway ME5 7BG3
£190K11/230.41 mi20, Institute Road, Chatham, Medway ME4 4PF3
£295K03/230.41 mi74, Milton Road, Gillingham, Medway ME7 5LW3
£185K03/210.41 mi169, Luton Road, Chatham, Medway ME4 5AE3
£270K07/230.41 mi129, Luton Road, Chatham, Medway ME4 5AE3
£131.7K04/230.42 mi340, Canterbury Street, Gillingham, Medway ME7 5JP3
£218.8K11/200.42 mi93, Beresford Road, Gillingham, Kent ME7 4ES3

Local Rents

51 rents from £650/mo to £3.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,32501/250 mi-3
£1,40005/240.06 miYork Avenue, Gillingham, Kent3
£2,70001/250.08 mi-3
£1,65012/240.09 mi-3
£1,80003/250.09 mi-3
£1,42511/240.1 mi-3
£1,50003/240.13 miWindmill Road, Gillingham, Kent, ME73
£1,60005/240.15 miMarlborough Road, Gillingham, Kent, ME73
£1,40005/240.16 miCollege Avenue Gillingham ME73
£1,45002/240.19 mi-3
£1,60012/240.19 mi-3
£1,60001/250.19 mi-3
£1,45005/240.19 miWindmill Road , Gillingham, ME73
£1,19004/250.2 mi-3
£1,49504/250.21 mi-3
£1,45002/250.22 mi-3
£1,45004/250.22 mi-3
£1,30005/240.23 miShakespeare Road, Gillingham, Kent, ME73
£65012/240.26 mi-3
£1,55012/240.29 mi-3
£1,25003/240.3 miTrafalgar Street,Gillingham,ME73
£2,20005/240.32 miChatham Hill, Chatham, Kent, ME53
£1,30005/240.32 miTennyson Road Gillingham ME73
£1,45006/240.33 miNelson Road, Gillingham, Kent, ME73
£1,45012/240.33 miNelson Road, Gillingham, Kent, ME73
£1,25007/240.33 miSeymour Road, Chatham3
£1,49505/240.33 miSaxton Street, Gillingham, Kent, ME73
£2,90006/240.34 mi-3
£3,50012/240.34 mi-3
£1,55003/240.34 miMount Pleasant, Chatham, ME53
£1,37505/240.35 miChatham Hill, Chatham3
£1,40001/240.36 mi-3
£1,20007/240.36 mi-3
£1,20007/240.36 miThorold Road, Chatham, ME53
£1,40005/240.36 miThorold Road, Chatham, Kent, ME53
£1,30006/240.36 miBritton Street Gillingham ME73
£1,40005/240.4 mi-3
£1,40005/240.4 mi-3
£1,35007/240.4 mi-3
£1,50005/240.4 miUpper Luton Road, Chatham, ME53
£1,35006/240.4 miUpper Luton Road, Chatham, ME53
£1,47506/240.4 miMilton Road, Gillingham, Kent, ME73
£1,45006/240.4 miMilton Road, GILLINGHAM3
£1,45006/240.4 miMilton Road, Gillingham, ME73
£1,35005/240.4 miThorold Road, Chatham3
£1,45007/240.41 miThorold Road, Chatham, ME53
£1,45007/240.41 mi-3
£1,50012/240.41 mi-3
£1,25005/240.41 miMilton Road, Gillingham, Kent, ME73
£1,35003/250.41 mi-3
£1,40005/240.42 miCanterbury Street, Gillingham, Kent, ME73

Local Area Statistics

Population in ME7

51,293

Population in Gillingham

115,061

Town centre distance

1.69 miles away

Nearest school

0.10 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £250,000

January 28, 2025

Floor Plans

Description

  • 1051.6 Square Feet +
  • No Chain! +
  • Ideal Blank Canvas +
  • 0.1 Miles to Medway Maritime Hospital +
  • 0.6 Miles to Gillingham Station +
  • 3 Separate Bedrooms +
  • Upstairs Bathroom +
  • Viewing highly recommended +

Robinson Michael and Jackson are proud to offer this three-bedroom property, located within close proximity to Medway Maritime Hospital, Gillingham Station, and the town centre. In need of modernisation, this home presents an ideal blank canvas for buyers looking to create their dream space. The property benefits from no chain, ensuring a smooth and quick transaction process. Conveniently situated just 0.1 miles from Medway Maritime Hospital and 0.6 miles from Gillingham Station, this location offers easy access to essential amenities and transport links. Viewing is highly recommended to fully appreciate the potential of this home.

Key Terms
Discover the allure of Rainham and Gillingham, nestled in the heart of the Medway Towns. These neighbouring communities offer a unique blend of tranquillity and convenience, with picturesque landscapes and excellent transport links, including direct train services to London city centre. Residents benefit from a variety of shopping destinations such as Hempstead Valley Shopping Centre and Gillingham Business Retail Park, along with a plethora of local pubs and restaurants to enjoy. Both towns boast well-respected schools, including Rainham Mark Grammar, ensuring quality education for families.
Moreover, Rainham and Gillingham provide ample open space and recreational facilities, including Capstone Country Park, Berengrave Nature Reserve, Riverside Country Park, the Planet Ice Skating Rink, the Ski & Snowboard Centre, and Great Lines Heritage Park. This abundance of amenities caters to diverse interests and lifestyles, making these towns not just places to live, but communities to thrive in.

Agent Details

Robinson Michael & Jackson, Rainham

01634 561140

Next Steps?

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