3 Bed Terraced House, Refurb/BRRR, Chatham, ME5 8AY, £285,000

Princes Avenue, Chatham, ME5 8AY - 5 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+8 photos

ValuationFair Value

Sold Prices£230K - £540K
Sold Prices/m²£2.5K/m² - £6.5K/m²

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£287,850

 

 

End Value (After Refurb)

£321,264

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£11,500

Refurb Costs

£45,600

Bridging Loan Interest

£7,481

Total Cash In

£137,581

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£321,264

Mortgage (After Refinance)

£240,948

Mortgage LTV

75%

Cash Released

£27,198

Cash Left In

£110,383

Equity

£80,316

Rent Range

£1,200 - £2,000

Rent Estimate

£1,454

Running Costs/mo

£1,315

Cashflow/mo

£139

Cashflow/yr

£1,671

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £230K to £540K, average is £301K. £2.5K/m² to £6.5K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£420K12/220.01 mi71, Princes Avenue, Chatham, Medway ME5 8AY3
£332.5K06/210.02 mi76, Princes Avenue, Chatham, Medway ME5 8AH3
£237K12/200.02 mi45, Princes Avenue, Chatham, Medway ME5 8AY3
£260K07/230.02 mi57, Princes Avenue, Chatham, Medway ME5 8AY3
£283K04/210.1 mi118, Sussex Drive, Chatham, Medway ME5 0NR3
£325K08/230.1 mi27, Brendon Avenue, Chatham, Medway ME5 8JG3
£247K10/210.1 mi9, Brendon Avenue, Chatham, Medway ME5 8JG3
£265K12/200.1 mi96, Sussex Drive, Chatham, Medway ME5 0NR3
£245K02/210.11 mi141, Sundridge Drive, Chatham, Medway ME5 8JE3
£330K07/230.13 mi7, The Beeches, Chatham, Medway ME5 0NS3
£284K02/230.14 mi78, Sundridge Drive, Chatham, Medway ME5 8HY3
£265K04/210.15 mi52, Sussex Drive, Chatham, Medway ME5 0NP3
£460K03/210.15 mi29, Dargets Road, Chatham, Medway ME5 8BJ3
£347K06/230.16 mi12, Birchfields, Chatham, Medway ME5 8AE3
£320K04/210.17 mi12, Hillborough Grove, Chatham, Medway ME5 8JA3
£260K10/210.18 mi127, Princes Avenue, Chatham, Kent ME5 8AX3
£235K12/200.18 mi133, Princes Avenue, Chatham, Medway ME5 8AX3
£305K03/230.18 mi5, Princes Avenue, Chatham, Medway ME5 8BA3
£356K03/230.18 mi12, Juniper Close, Chatham, Medway ME5 0NX3
£460K05/230.18 mi275, Walderslade Road, Chatham, Medway ME5 0NH3
£337.5K02/230.19 mi142, Sundridge Drive, Chatham, Medway ME5 8JD3
£297K02/230.19 mi114, Sundridge Drive, Chatham, Medway ME5 8JD3
£240K09/210.21 mi149, Sundridge Drive, Chatham, Medway ME5 8JE3
£290K08/230.22 mi14, Sundridge Drive, Chatham, Medway ME5 8HE3
£246K09/210.22 mi7, Sundridge Drive, Chatham, Medway ME5 8HE3
£230K02/210.22 mi4, Sussex Drive, Chatham, Medway ME5 0NJ3
£287K03/210.22 mi9, Peacock Rise, Chatham, Medway ME5 8RN3
£300K12/200.22 mi10, Peacock Rise, Chatham, Medway ME5 8RN3
£264K11/200.22 mi13, Sussex Drive, Chatham, Medway ME5 0NJ3
£270K11/210.23 mi168, Sundridge Drive, Chatham, Medway ME5 8HG3
£350K04/230.23 mi12, Smith Road, Chatham, Medway ME5 8DR3
£390K12/200.23 mi80, Dargets Road, Chatham, Medway ME5 8BL3
£490K03/210.23 mi62, Dargets Road, Chatham, Medway ME5 8BL3
£385K05/210.23 mi72, Dargets Road, Chatham, Medway ME5 8BL3
£292.5K11/200.25 mi12, Mossbank, Chatham, Medway ME5 8AB3
£300K04/230.29 mi47, Prince Charles Avenue, Chatham, Medway ME5 8EY3
£335K12/200.29 mi55, Prince Charles Avenue, Chatham, Medway ME5 8EY3
£250K03/210.29 mi223, Walderslade Road, Chatham, Kent ME5 0NQ3
£287.5K05/210.3 mi53, Gatcombe Close, Chatham, Medway ME5 7RD3
£300K11/200.3 mi3, Gatcombe Close, Chatham, Kent ME5 7RD3
£340K01/230.31 mi11, Savage Road, Chatham, Medway ME5 8DY3
£302K09/210.34 mi23, Wetheral Drive, Chatham, Medway ME5 8ES3
£345K07/230.34 mi37, Wetheral Drive, Chatham, Medway ME5 8ES3
£540K10/210.34 mi61, Chestnut Avenue, Walderslade, Chatham, Medway ME5 9BB3
£380K04/230.34 mi6, Oakland Close, Chatham, Medway ME5 9AW3
£510K04/210.34 mi89, Dargets Road, Chatham, Medway ME5 8BS3
£349K03/210.35 mi6, Downland Walk, Chatham, Medway ME5 8AF3
£312K02/210.36 mi8, Repton Way, Chatham, Medway ME5 9AY3
£266K07/210.37 mi38, Weeds Wood Road, Chatham, Medway ME5 0QS3
£360K02/230.38 mi5, Chevening Close, Chatham, Medway ME5 7PZ3

Local Rents

16 rents from £1.2K/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40007/240.08 miSussex Drive, Chatham , Kent 3
£1,40006/240.12 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,40006/240.12 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,40007/240.12 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,40007/240.12 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,55012/240.19 mi-3
£1,55001/250.21 mi-3
£1,90003/250.31 mi-3
£1,20007/240.34 miAdmirals Walk, Lordswood, ME53
£1,55006/240.41 miBromley Close, Chatham, Kent, ME53
£1,70003/250.42 mi-3
£1,20005/240.48 miKellaway Road, Chatham, Kent, ME53
£1,45011/240.49 mi-3
£2,00012/240.5 mi-3
£1,40005/240.56 mi-3
£1,45005/240.58 mi-3

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

1.67 miles away

Nearest school

0.10 miles away

Nearest train station

2.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £285,000

February 4, 2025

Floor Plans

Description

  • No Onward Chain +
  • End of Terrace In Need of Modernisation +
  • Three Bedrooms +
  • Living Room +
  • Kitchen/Diner +
  • Patio and Sloped Garden +
  • Parking & Garage +
  • Upstairs Bathroom +
  • Council Tax Band C +
  • EPC rating D +

Ideal project for first-time buyers and families. Set back from the road and accessed via steps leading to the property, this three-bedroom home offers an excellent opportunity for first-time buyers or families seeking a home to make their own. With no onward chain, parking, and a garage, this property is ready for a buyer with a vision to unlock its full potential. Don’t miss your chance to transform this house into a wonderful family home.
The entrance hall leads to a bright and light sitting room, providing a comfortable space for relaxation. The kitchen-diner at the rear of the property offers a functional layout with the scope to modernise and create a stylish and practical hub for family meals or entertaining. A staggered landing design enhances the home’s character, leading to three bedrooms upstairs. The bathroom features both a bath and a separate shower, catering to family needs and offering room for updating to suit modern tastes.

The sloped rear garden provides a private outdoor space, ideal for landscaping to create a tiered retreat or play area for children. Off-street parking and a garage add valuable convenience, while the property’s elevated position offers a sense of privacy and charm.

Located in a family-friendly area, the home is well-served by local amenities, including shops, schools, and transport links. Families will appreciate the nearby parks and green spaces, while commuters will benefit from easy access to road connections and public transport. With its appealing features and potential, this property is a fantastic opportunity for those looking to create a home tailored to their style and needs.

This home benefits from excellent local amenities, with shops, schools, and parks all within easy reach. Families will appreciate the range of nearby primary and secondary schools, making the location ideal for those with children. Princess Avenue is also well-positioned for commuters, with easy access to the M2 and M20 motorways, providing direct routes to London and coastal destinations. Chatham Rail Station, just a short drive away, offers high-speed services to London Victoria and St Pancras International. For leisure and outdoor enthusiasts, Capstone Farm Country Park and Walderslade Woods are nearby, offering scenic walking and cycling routes. The historic charm of Rochester High Street, with its vibrant cafes, boutique shops, and iconic castle and cathedral, is also within easy reach for weekend outings or social gatherings. This home is brimming with potential and perfectly located to suit a variety of buyers looking to put down roots in a convenient and well-connected area.

Agent Details

The Agency UK, Covering Nationwide

020 3910 6171

Next Steps?

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