2 Bed Terraced House, Refurb/BRRR, Rochester, ME1 2HJ, £190,000

Catherine Street, ROCHESTER, Kent, ME1 2HJ - 15 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~68 m²
+9 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£33,303

Bridging Loan Interest

£4,988

Total Cash In

£94,740

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£227,642

Mortgage (After Refinance)

£170,731

Mortgage LTV

75%

Cash Released

£28,231

Cash Left In

£66,509

Equity

£56,910

Rent Range

£990 - £3,300

Rent Estimate

£1,527

Running Costs/mo

£1,037

Cashflow/mo

£490

Cashflow/yr

£5,883

ROI

6%

Gross Yield

10%

Local Sold Prices

50 sold prices from £185K to £322K, average is £248K. £2.5K/m² to £6.9K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£205K05/210 mi40, Catherine Street, Rochester, Kent ME1 2HJ2
£255K11/210.06 mi76, Catherine Street, Rochester, Medway ME1 2HL2
£225K02/210.06 mi134, Cecil Road, Rochester, Medway ME1 2HP2
£255K12/220.08 mi1a, Amherst Road, Rochester, Medway ME1 2AR2
£242K01/230.1 mi29, Rose Street, Rochester, Medway ME1 2EE2
£275K12/210.1 mi85, Delce Road, Rochester, Medway ME1 2ES2
£278K01/230.1 mi71, Delce Road, Rochester, Medway ME1 2ES2
£240K04/210.1 mi115, Cecil Road, Rochester, Medway ME1 2HR2
£260K12/230.11 mi12, Thomas Street, Rochester, Medway ME1 2ED2
£250K01/240.11 mi15, Thomas Street, Rochester, Medway ME1 2ED2
£237K08/210.11 mi38, Thomas Street, Rochester, Medway ME1 2ED2
£202K11/210.13 mi5, Richard Street, Rochester, Medway ME1 2EB2
£210K02/210.13 mi23, Richard Street, Rochester, Medway ME1 2EB2
£239K01/240.13 mi29, Richard Street, Rochester, Medway ME1 2EB2
£295K07/210.13 mi17, St Williams Way, Rochester, Medway ME1 2NX2
£322K12/230.13 mi13, St Williams Way, Rochester, Medway ME1 2NX2
£242K08/210.14 mi25, Howard Avenue, Rochester, Medway ME1 2AW2
£266.5K05/230.19 mi42, Clive Road, Rochester, Medway ME1 3DA2
£265K11/210.21 mi5, Castle Avenue, Rochester, Medway ME1 2DU2
£193.5K02/210.21 mi5, Castle Avenue, Rochester, Medway ME1 2DU2
£218K12/200.21 mi59, Castle Avenue, Rochester, Kent ME1 2DU2
£226K03/210.22 mi62, Castle Avenue, Rochester, Medway ME1 2DU2
£248K09/210.23 mi59, Delce Road, Rochester, Medway ME1 2ET2
£230K03/240.23 mi59, Delce Road, Rochester, Medway ME1 2ET2
£255K09/220.23 mi41, Delce Road, Rochester, Medway ME1 2ET2
£225K02/210.24 mi67, St Williams Way, Rochester, Kent ME1 2NY2
£185K03/210.24 mi76, Castle Avenue, Rochester, Medway ME1 2DY2
£275K08/210.25 mi24, Nickleby Close, Rochester, Medway ME1 2LE2
£265K10/230.25 mi48, Nickleby Close, Rochester, Medway ME1 2LE2
£262.5K01/210.25 mi22, Nickleby Close, Rochester, Medway ME1 2LE2
£255K04/230.26 mi10, Clarence Avenue, Rochester, Medway ME1 2DX2
£243K02/210.26 mi38, Longley Road, Rochester, Medway ME1 2HB2
£248K06/210.28 mi20, Roffen Road, Rochester, Medway ME1 2JW2
£290K11/200.3 mi39, The Fort, Rochester, Medway ME1 2FE2
£275K03/230.3 mi101, Rochester Avenue, Rochester, Medway ME1 2DR2
£242K05/210.3 mi27, St Peter Street, Rochester, Medway ME1 2DD2
£233.5K04/210.33 mi60, Rochester Avenue, Rochester, Medway ME1 2DP2
£249K09/210.33 mi73, Rochester Avenue, Rochester, Medway ME1 2DP2
£240.5K02/210.33 mi55, Rochester Avenue, Rochester, Kent ME1 2DP2
£220K02/210.33 mi22, Baker Street, Rochester, Medway ME1 3DW2
£255K07/210.33 miKent House B, Church Street, Rochester, Medway ME1 2DA2
£245K03/230.36 mi43, Queen Street, Rochester, Medway ME1 2BZ2
£285K01/230.36 mi22, Rochester Avenue, Rochester, Medway ME1 2DW2
£235K11/200.38 mi9, Green Close, Rochester, Medway ME1 2QD2
£290K09/210.43 mi11, Brenchley Close, Rochester, Medway ME1 2QL2
£290K11/230.43 mi2, Brenchley Close, Rochester, Medway ME1 2QL2
£255K06/210.43 mi6, Brenchley Close, Rochester, Medway ME1 2QL2
£263K01/210.43 mi3, Brenchley Close, Rochester, Medway ME1 2QL2
£245K09/210.44 mi6, Boundary Road, Chatham, Medway ME4 6TS2
£212.5K04/210.48 mi98, Pagitt Street, Chatham, Medway ME4 6RD2

Local Rents

51 rents from £990/mo to £3.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35004/250.04 mi-2
£1,32507/240.1 miRose Street, Rochester, Kent, ME12
£1,40007/240.11 miHolcombe Road Rochester ME12
£1,40007/240.11 miHolcombe Road, Rochester, ME12
£1,00005/240.12 miRutland Court, Cossack Street, Rochester, ME12
£1,05007/240.12 miCossack Street, Rochester, ME12
£1,45004/250.13 mi-2
£1,15005/240.14 miCecil Road, Rochester, ME12
£1,15005/240.14 mi-2
£1,50005/240.18 mi-2
£1,50005/240.19 miClive Road, Rochester, ME12
£1,15007/240.29 miLongley Road, Rochester,ME12
£1,20007/240.3 miMaidstone Road, Rochester2
£1,05005/240.31 miMaidstone Road, Rochester2
£1,05005/240.31 miMaidstone Road, Rochester2
£1,70003/250.32 mi-2
£1,25005/240.33 miBaker Street, Rochester, ME12
£1,25005/240.33 miChurch Street, Rochester2
£1,35007/240.34 miBaker Street Rochester ME12
£2,25007/240.37 mi-2
£1,59512/240.37 mi-2
£99005/240.4 mi-2
£1,15006/240.43 miBrenchley Close, Rochester, ME12
£1,15006/240.43 mi-2
£1,20007/240.44 miRobertson Villas , New Road , Chatham2
£2,30005/240.44 mi-2
£1,25003/250.47 mi-2
£1,25007/240.47 miPortside Close, Rochester, Kent, ME1 2FG2
£1,30006/240.48 miLangdon Road, Rochester, ME12
£1,30007/240.48 miLangdon Road, Rochester2
£1,30006/240.5 mi-2
£1,20005/240.5 miBishops Court, St. Bartholomews Place New Road ME12
£1,05005/240.5 miSt Margarets Bank, Rochester2
£1,05006/240.5 miSt Margarets Bank, Rochester2
£1,30005/240.5 miNew Road, Rochester, Kent, ME12
£1,25005/240.52 miRosebery Road, Chatham, Kent, ME42
£1,30006/240.53 miSt. Catherines Court2
£1,25001/250.54 mi-2
£1,25005/240.55 miHospital Lane, Rochester, Kent, ME12
£1,30003/240.55 miHigh Street, Rochester, Kent, ME12
£1,75005/240.55 miBishops Court, Rochester 2
£1,20007/240.56 miSt Margarets Street, Rochester2
£1,15005/240.56 miSt Margarets Street, Rochester2
£1,10003/250.56 mi-2
£1,15005/240.56 miUnion Street, Rochester2
£1,10005/240.56 miUnion Street, Rochester2
£1,10007/240.56 miUnion Street, Rochester2
£1,25002/250.56 mi-2
£1,15007/240.56 miSt Margarets Street, Rochester2
£3,30006/240.57 mi-2
£3,30007/240.57 mi-2

Property History

Price changed to £190,000

March 24, 2025

Listed for £200,000

February 4, 2025

Floor Plans

Description

IDEAL FIRST TIME BUY OR INVESTMENT PROPERTY.
Two bedroom mid terraced home. Easy access to the rail station and major road networks is this period two bedroomed home, with two reception rooms and family bathroom. The property consists of lounge, dining room, kitchen and small utility space. On the first floor the principle and bedroom 2 bedroom are large and spacious. The bathroom is accessed via bedroom two. To the rear of the property is a garden.
Early viewing is recommended as the property is priced to refleck some modernisation that is required.
Call MANN on to book your viewing.

Agent Details

Mann, Rochester

01634 563514

Next Steps?

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