3 Bed Terraced House, Refurb/BRRR, Chatham, ME4 5PQ, £150,000

Cromwell Terrace, Chatham, Kent, ME4 5PQ - 2 months ago

Sold STC
Auction
BTL
Refurb/BRRR
ROI: 4%
~93 m²
+2 photos

ValuationFair Value

Sold Prices£157K - £305K
Sold Prices/m²£1.8K/m² - £3.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£151,500

 

 

End Value (After Refurb)

£261,729

Uplift in Value

+74%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£45,600

Bridging Loan Interest

£3,938

Total Cash In

£97,988

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£261,729

Agent Fees (1%)

£2,617

Bridging Loan

£112,500

Bridging Loan Interest

£3,938

Flip Profit

£48,624

Local Sold Prices

50 sold prices from £157K to £305K, average is £215.5K. £1.8K/m² to £3.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£177.5K03/230.03 mi5, Cromwell Terrace, Chatham, Medway ME4 5PQ3
£180K10/210.06 mi40, Otway Street, Chatham, Medway ME4 5PL3
£213.5K04/210.07 mi31, Mills Terrace, Chatham, Kent ME4 5NY3
£263K11/230.08 mi87, Hartington Street, Chatham, Medway ME4 5PJ3
£245K05/230.08 mi85, Hartington Street, Chatham, Medway ME4 5PJ3
£232.5K12/230.1 mi29, Herbert Road, Chatham, Medway ME4 5PN3
£221K08/210.1 mi70, Otway Street, Chatham, Medway ME4 5PL3
£257K09/230.1 mi37, Prospect Row, Chatham, Medway ME4 5QZ3
£248K08/230.12 mi7, Hope Street, Chatham, Medway ME4 5NL3
£157K06/210.12 mi45, Sydney Road, Chatham, Medway ME4 5PP3
£195K11/230.13 mi72, Sturla Road, Chatham, Medway ME4 5QL3
£233K05/230.13 mi3, Leopold Road, Chatham, Medway ME4 5SX3
£225K07/230.13 mi15, Leopold Road, Chatham, Medway ME4 5SX3
£215K10/230.14 mi34, Lester Road, Chatham, Medway ME4 5NP3
£220K08/230.14 mi38, Lester Road, Chatham, Medway ME4 5NP3
£205K09/230.14 mi58, Melbourne Road, Chatham, Medway ME4 5PB3
£259K02/240.16 mi50, Ernest Road, Chatham, Medway ME4 5PT3
£200K01/210.16 mi1, East Street, Chatham, Medway ME4 5NJ3
£166K03/240.17 mi28a, East Street, Chatham, Medway ME4 5NJ3
£285K08/230.17 mi44, Chalkpit Hill, Chatham, Medway ME4 5SU3
£180K04/210.17 mi27, Albert Road, Chatham, Medway ME4 5PY3
£220K02/230.18 mi91, Sturla Road, Chatham, Medway ME4 5QJ3
£188K12/200.19 mi36, Albert Road, Chatham, Medway ME4 5PZ3
£197K11/210.21 mi15, Natal Road, Chatham, Kent ME4 5PS3
£265K12/220.21 mi31, Upbury Way, Chatham, Medway ME4 4NG3
£270K09/210.22 mi26, Ruth Street, Chatham, Medway ME4 5NU3
£190K11/230.22 mi20, Institute Road, Chatham, Medway ME4 4PF3
£237K01/230.23 mi30, Mount Road, Chatham, Medway ME4 5RP3
£240K11/200.23 mi35, Mount Road, Chatham, Medway ME4 5RN3
£175K10/200.25 mi71, Luton Road, Chatham, Medway ME4 5AG3
£195K01/210.25 mi28, Palmerston Road, Chatham, Medway ME4 5SR3
£167K04/210.26 mi66, Glencoe Road, Chatham, Medway ME4 5QE3
£170K07/210.27 mi9, Beaconsfield Road, Chatham, Medway ME4 5SW3
£237K02/210.27 mi40, Beaconsfield Road, Chatham, Medway ME4 5SW3
£295K07/230.27 mi10, Beaconsfield Road, Chatham, Medway ME4 5SW3
£216K01/230.27 mi7, Redvers Road, Chatham, Medway ME4 5UU3
£216K08/210.27 mi6, Redvers Road, Chatham, Medway ME4 5UU3
£260K03/230.27 mi53, Westmount Avenue, Chatham, Medway ME4 6DB3
£305K05/210.27 mi54, Westmount Avenue, Chatham, Kent ME4 6DB3
£305K07/230.28 mi16, Buller Road, Chatham, Medway ME4 5XA3
£176K02/210.28 mi9, Buller Road, Chatham, Medway ME4 5XA3
£232K07/230.28 mi10, Waghorn Street, Chatham, Medway ME4 5LT3
£175K02/210.29 mi21, Southill Road, Chatham, Medway ME4 5SA3
£163K11/200.29 mi55, Thorold Road, Chatham, Medway ME5 7EB3
£300K06/210.3 mi5, Port Rise, Chatham, Medway ME4 6QA3
£200K08/210.31 mi42, Magpie Hall Road, Chatham, Medway ME4 5ND3
£207.5K06/230.31 mi145, Magpie Hall Road, Chatham, Medway ME4 5ND3
£208K05/210.31 mi132, Glencoe Road, Chatham, Medway ME4 5QF3
£177K12/200.31 mi46, Southill Road, Chatham, Medway ME4 5SB3
£195K11/210.32 mi22, Gordon Road, Chatham, Kent ME4 5LR3

Local Rents

50 rents from £1.2K/mo to £2.2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40007/240.08 miOtway Street, Chatham, Kent, ME43
£1,40007/240.08 miOtway Street, Chatham, Kent, ME43
£1,30005/240.09 miHerbert Road, Chatham, Kent, ME43
£1,30007/240.09 miSalisbury Road, Chatham, Kent, ME43
£1,30005/240.1 miHerbert Road Chatham ME43
£1,35012/240.13 miLeopold Road, Chatham3
£1,60304/250.14 mi-3
£1,75004/250.16 mi-3
£1,35002/240.18 mi-3
£1,40004/250.18 mi-3
£1,30005/240.18 miSturla Road, Chatham3
£1,80012/240.21 mi-3
£1,75005/240.21 mi-3
£1,35007/240.23 miMount Road, Chatham3
£1,30007/240.23 miSturla Road, Chatham3
£1,35005/240.24 miMount Road Chatham ME43
£1,55003/240.26 miMount Pleasant, Chatham, ME53
£1,25005/240.29 miSouthill Road Chatham ME43
£1,25007/240.29 miSouthill Road Chatham ME43
£1,30008/240.29 miSouthill Road Chatham ME43
£1,35007/240.3 miPortland Street, Chatham3
£1,25005/240.3 miMagpie Hall Road, Chatham3
£1,35001/250.3 mi-3
£1,40005/240.31 miThorold Road, Chatham, Kent, ME53
£1,34501/250.31 mi-3
£1,50007/240.31 miGlenoce Road, Chatham3
£1,60007/240.31 miPort Rise, Chatham, ME43
£1,60006/240.31 mi-3
£1,60007/240.31 mi-3
£1,25005/240.32 miGordon Road, ME43
£1,70005/240.32 mi-3
£1,70005/240.32 miMagpie Hall Road, Chatham, ME43
£1,27505/240.33 mi-3
£1,20007/240.33 miThorold Road, Chatham, ME53
£1,20007/240.33 mi-3
£1,25005/240.33 miIngle Road, Chatham3
£1,60005/240.34 miMaidstone Road, Chatham, Kent, ME43
£1,25007/240.34 miSeymour Road, Chatham3
£1,35006/240.34 miGordon Road, Chatham, Kent, ME43
£1,35007/240.35 miGordon Road, Chatham3
£2,20005/240.36 miChatham Hill, Chatham, Kent, ME53
£1,50012/240.36 mi-3
£1,35006/240.36 miIngle Road Chatham ME43
£1,60007/240.38 miIngle Road Chatham ME43
£1,35005/240.38 miThorold Road, Chatham3
£2,10002/240.38 mi-3
£2,10005/240.38 mi-3
£1,45004/250.39 mi-3
£1,30011/240.39 mi-3
£1,45007/240.41 mi-3

Local Area Statistics

Population in ME4

30,244

Population in Chatham

82,044

Town centre distance

0.63 miles away

Nearest school

0.10 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £150,000

February 16, 2025

Listed for £165,000

January 30, 2025

Floor Plans

Description

  • Victorian terraced house close to town centre +
  • In need of some updating, with room to improve +
  • Excellent choice for a buy to let investment +
  • For Sale by Modern Auction - T&C's apply +
  • Subject to an undisclosed Reserve Price, Buyer's fees apply +

This Victorian house offers a fantastic opportunity to personalise it as a home or an investment property, though it does require some updates. Its prime location, just a short walk from the town centre and several local schools, makes it an ideal rental option. This property is for sale by Modern Method of Auction. Should you view, offer of bid on the property, your information will be shared with the Auctioneer, iamsold.  
Please refer to the footnote regarding the services and appliances.

Room sizes:

  • Lounge: 12'1 x 9'6 (3.69m x 2.90m)
  • Kitchen: 12'0 x 9'5 (3.66m x 2.87m)
  • Bathroom
  • Cellar
  • Landing
  • Bedroom 1: 12'3 x 9'6 (3.74m x 2.90m)
  • Bedroom 2: 12'3 x 9'6 (3.74m x 2.90m)
  • Bedroom 3: 10'0 x 5'11 (3.05m x 1.80m)
  • Rear Garden  

    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Wards, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.
    _

Agent Details

Wards, Chatham

01634 959314

Next Steps?

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