ValuationUndervalued

Sold Prices	£215K - £875K
Sold Prices/m²	£2.1K/m² - £5.9K/m²

Square Metres	~178.28 m²
Price/m²	£2K/m²
Value Estimate	£432,000£432,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£90,000£90,000
Stamp Duty & Legal Fees	£27,200£27,200
Total Cash In	£117,200£117,200

Cash Out
Room Rate	£633£633
Gross Rent	£3,165£3,165
Running Costs/mo	£2,379£2,379
Cashflow/mo	£786£786
Cashflow/yr	£9,434£9,434
ROI	8%8%
Gross Yield	11%11%

Local Sold Prices

33 sold prices from £215K to £875K, average is £480K. £2.1K/m² to £5.9K/m², average is £3.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£425K	08/22	0.14 mi	10, Marathon Paddock, Gillingham, Medway ME7 4HE	-	-	5	Detached House
£395K	09/21	0.22 mi	2, Waterloo Road, Gillingham, Medway ME7 4SB	£2,565	154	5	Semi-Detached House
£560K	05/25	0.23 mi	7, Oxford Road, Gillingham ME7 4BP	£2,947	190	5	Semi-Detached House
£560K	05/25	0.23 mi	7, Oxford Road, Gillingham ME7 4BP	-	-	5	Semi-Detached House
£320K	05/25	0.46 mi	27, Paget Street, Gillingham ME7 5EP	£2,133	150	5	Terraced House
£283K	07/23	0.52 mi	44, Kingswood Road, Gillingham, Medway ME7 1DZ	£2,527	112	5	Terraced House
£410K	09/21	0.59 mi	143, Marlborough Road, Gillingham, Medway ME7 5HD	£3,628	113	5	Terraced House
£436K	12/22	0.64 mi	8, Beechwood Avenue, Chatham, Medway ME5 7HH	-	-	5	Terraced House
£325K	07/24	1.04 mi	133, Featherby Road, Gillingham, Medway ME8 6BS	£3,383	96	5	Terraced House
£215K	06/21	1.16 mi	20a, New Road, Chatham, Medway ME4 4QR	£2,560	84	5	Terraced House
£370K	08/23	1.19 mi	44, Hawkhurst Road, Gillingham, Medway ME8 6NU	-	-	5	Terraced House
£480K	07/21	1.22 mi	8, Academy Drive, Gillingham, Medway ME7 3EG	-	-	5	Semi-Detached House
£398.5K	05/25	1.27 mi	17, Nutfield Close, Wayfield, Chatham ME5 0AT	£3,656	109	5	Semi-Detached House
£353.5K	08/23	1.34 mi	166, Magpie Hall Road, Chatham, Medway ME4 5XJ	-	-	5	Terraced House
£875K	05/25	1.34 mi	2, Darland Farm Yard, Pear Tree Lane, Hempstead, Gillingham ME7 3PP	£3,772	232	5	Bungalow
£875K	05/25	1.34 mi	2, Darland Farm Yard, Pear Tree Lane, Hempstead, Gillingham ME7 3PP	-	-	5	Detached House
£607.5K	05/24	1.38 mi	73, Maidstone Road, Chatham ME4 6DP	-	-	5	Detached House
£535K	09/23	1.44 mi	84, Twydall Lane, Gillingham, Medway ME8 6JF	-	-	5	Detached House
£435K	03/25	1.53 mi	256, Rochester Street, Chatham ME4 6RX	£3,222	135	5	Terraced House
£575K	12/24	1.64 mi	16, Barleymow Close, Lordswood, Chatham ME5 8JZ	£3,696	156	5	Detached House
£455K	05/24	1.77 mi	20, Pattens Gardens, Rochester ME1 2QP	£3,250	140	5	Semi-Detached House
£875K	07/23	1.77 mi	265, London Road, Gillingham, Medway ME8 6YS	£2,656	329	5	Detached House
£550K	11/23	1.8 mi	46, Edwin Road, Gillingham, Medway ME8 0AB	£5,949	92	5	Semi-Detached House
£375K	12/22	1.8 mi	6, Howard Avenue, Rochester, Medway ME1 2AP	-	-	5	Terraced House
£600K	04/23	1.84 mi	3, Teal Drive, St Marys Island, Chatham, Medway ME4 3EA	£4,138	145	5	Detached House
£575K	05/22	1.84 mi	13, Ringlet Road, St Marys Island, Chatham, Medway ME4 3RG	-	-	5	Detached House
£695K	09/21	1.84 mi	12, Marshall Road, Gillingham, Kent ME8 0AR	£4,017	173	5	Detached House
£600K	04/22	1.88 mi	7, The Ridgeway, Chatham, Medway ME4 6PD	-	-	5	Semi-Detached House
£560K	05/22	1.91 mi	6c, High Bank, Rochester, Medway ME1 2XJ	£3,437	163	5	Detached House
£810K	09/22	1.93 mi	31, The Ridgeway, Chatham, Medway ME4 6PD	-	-	5	Detached House
£742.5K	10/23	1.95 mi	53, Marshall Road, Gillingham, Medway ME8 0AW	£5,121	145	5	Detached House
£415K	08/23	1.98 mi	20, Jasper Avenue, Rochester, Medway ME1 2LD	£5,253	79	5	Terraced House
£450K	06/21	1.99 mi	22, Henrietta Chase, St Marys Island, Chatham, Medway ME4 3TA	£3,571	126	5	Detached House

Local Area Statistics

Population in ME7	51,29351,293
Population in Gillingham	115,061115,061
Town centre distance	1.38 miles away1.38 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.40 miles away0.40 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+1%+1%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £360,000

February 3, 2025

Floor Plans

Description

Previously An HMO +
5 Bedrooms +
Basement +
Drive For 2 Cars +
120FT Garden +
2 Separate Entrances +
Close To Hospital And Train Station +

The Property
CALLING ALL LARGE FAMILIES OR INVESTORS LOOKING FOR AN HMO

This house was previously used as an HMO (house of multiple occupation) and still lends itself to be exactly that. Over the 2 floors there are at least 5 bedrooms and more reception rooms depending on how the new owner wants to use the house. There are also 2 separate entrances so splitting the property wouldn't be too hard.

At the front of the house there is a driveway for 2 cars and the back garden is approximately 120FT long.

Gillingham Train Station is within easy reach as is Gillingham Town Centre. Nelson road itself is on a main bus route taking you into Chatham or Bluewater shopping centre if needed.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.