3 Bed Semi-Detached House, Single Let, Chatham, ME4 5NY, £170,000

Mills Terrace, Chatham, Kent, ME4 5NY - 3 months ago

Sold STC
Auction
BTL
ROI: 10%
~79 m²
+12 photos

ValuationUndervalued

Sold Prices£157K - £305K
Sold Prices/m²£1.8K/m² - £3.4K/m²

 

 

Square Metres

~79.41 m²
Price/m²£2.1K/m²

Value Estimate

£207,400
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£10,600

Total Cash In

£53,100

 

 

Cash Out

 

Rent Range

£1,100 - £3,250

Rent Estimate

£1,250

Running Costs/mo

£801

Cashflow/mo

£449

Cashflow/yr

£5,385

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £157K to £305K, average is £216K. £1.8K/m² to £3.4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£248K08/230.04 mi7, Hope Street, Chatham, Medway ME4 5NL3
£213.5K04/210.05 mi31, Mills Terrace, Chatham, Kent ME4 5NY3
£205K09/230.06 mi58, Melbourne Road, Chatham, Medway ME4 5PB3
£180K10/210.07 mi40, Otway Street, Chatham, Medway ME4 5PL3
£177.5K03/230.07 mi5, Cromwell Terrace, Chatham, Medway ME4 5PQ3
£195K11/230.07 mi72, Sturla Road, Chatham, Medway ME4 5QL3
£200K01/210.08 mi1, East Street, Chatham, Medway ME4 5NJ3
£166K03/240.08 mi28a, East Street, Chatham, Medway ME4 5NJ3
£221K08/210.11 mi70, Otway Street, Chatham, Medway ME4 5PL3
£215K10/230.11 mi34, Lester Road, Chatham, Medway ME4 5NP3
£220K08/230.11 mi38, Lester Road, Chatham, Medway ME4 5NP3
£157K06/210.12 mi45, Sydney Road, Chatham, Medway ME4 5PP3
£232.5K12/230.13 mi29, Herbert Road, Chatham, Medway ME4 5PN3
£220K02/230.14 mi91, Sturla Road, Chatham, Medway ME4 5QJ3
£259K02/240.14 mi50, Ernest Road, Chatham, Medway ME4 5PT3
£270K09/210.15 mi26, Ruth Street, Chatham, Medway ME4 5NU3
£263K11/230.15 mi87, Hartington Street, Chatham, Medway ME4 5PJ3
£245K05/230.15 mi85, Hartington Street, Chatham, Medway ME4 5PJ3
£233K05/230.16 mi3, Leopold Road, Chatham, Medway ME4 5SX3
£225K07/230.16 mi15, Leopold Road, Chatham, Medway ME4 5SX3
£188K12/200.16 mi36, Albert Road, Chatham, Medway ME4 5PZ3
£180K04/210.17 mi27, Albert Road, Chatham, Medway ME4 5PY3
£257K09/230.19 mi37, Prospect Row, Chatham, Medway ME4 5QZ3
£285K08/230.2 mi44, Chalkpit Hill, Chatham, Medway ME4 5SU3
£232K07/230.2 mi10, Waghorn Street, Chatham, Medway ME4 5LT3
£197K11/210.21 mi15, Natal Road, Chatham, Kent ME4 5PS3
£167K04/210.23 mi66, Glencoe Road, Chatham, Medway ME4 5QE3
£195K11/210.23 mi22, Gordon Road, Chatham, Kent ME4 5LR3
£200K08/210.23 mi42, Magpie Hall Road, Chatham, Medway ME4 5ND3
£207.5K06/230.23 mi145, Magpie Hall Road, Chatham, Medway ME4 5ND3
£163K11/200.24 mi55, Thorold Road, Chatham, Medway ME5 7EB3
£190K11/230.24 mi20, Institute Road, Chatham, Medway ME4 4PF3
£235K12/230.24 mi37a, Gordon Road, Chatham, Medway ME4 5LU3
£240K11/210.24 mi60, Gordon Road, Chatham, Medway ME4 5LU3
£265K12/220.25 mi31, Upbury Way, Chatham, Medway ME4 4NG3
£208K05/210.26 mi132, Glencoe Road, Chatham, Medway ME4 5QF3
£216K01/230.26 mi7, Redvers Road, Chatham, Medway ME4 5UU3
£216K08/210.26 mi6, Redvers Road, Chatham, Medway ME4 5UU3
£185K03/210.26 mi169, Luton Road, Chatham, Medway ME4 5AE3
£270K07/230.26 mi129, Luton Road, Chatham, Medway ME4 5AE3
£195K01/210.27 mi28, Palmerston Road, Chatham, Medway ME4 5SR3
£240K06/230.28 mi50, Seymour Road, Chatham, Medway ME5 7AE3
£305K07/230.28 mi16, Buller Road, Chatham, Medway ME4 5XA3
£176K02/210.28 mi9, Buller Road, Chatham, Medway ME4 5XA3
£170K07/210.29 mi9, Beaconsfield Road, Chatham, Medway ME4 5SW3
£237K02/210.29 mi40, Beaconsfield Road, Chatham, Medway ME4 5SW3
£295K07/230.29 mi10, Beaconsfield Road, Chatham, Medway ME4 5SW3
£240K11/200.29 mi35, Mount Road, Chatham, Medway ME4 5RN3
£237K01/230.3 mi30, Mount Road, Chatham, Medway ME4 5RP3
£202K11/200.3 mi137, Castle Road, Chatham, Medway ME4 5HY3

Local Rents

50 rents from £1.1K/mo to £3.3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30007/240.09 miSalisbury Road, Chatham, Kent, ME43
£1,40007/240.09 miOtway Street, Chatham, Kent, ME43
£1,40007/240.09 miOtway Street, Chatham, Kent, ME43
£1,60304/250.09 mi-3
£1,75004/250.09 mi-3
£1,50004/250.1 mi-3
£1,80012/240.13 mi-3
£1,30005/240.13 miHerbert Road Chatham ME43
£1,30005/240.13 miHerbert Road, Chatham, Kent, ME43
£1,30005/240.14 miSturla Road, Chatham3
£1,35012/240.16 miLeopold Road, Chatham3
£1,40004/250.16 mi-3
£1,29004/250.17 mi-3
£1,35002/240.18 mi-3
£1,30007/240.2 miSturla Road, Chatham3
£1,35007/240.22 miPortland Street, Chatham3
£1,34501/250.23 mi-3
£1,25005/240.23 miMagpie Hall Road, Chatham3
£1,25005/240.23 miGordon Road, ME43
£1,55003/240.24 miMount Pleasant, Chatham, ME53
£1,75005/240.24 mi-3
£1,35001/250.25 mi-3
£1,40005/240.25 miThorold Road, Chatham, Kent, ME53
£1,70005/240.25 mi-3
£1,70005/240.25 miMagpie Hall Road, Chatham, ME43
£1,27505/240.25 mi-3
£1,50007/240.26 miGlenoce Road, Chatham3
£1,20007/240.27 miThorold Road, Chatham, ME53
£1,20007/240.27 mi-3
£1,35006/240.27 miGordon Road, Chatham, Kent, ME43
£1,35007/240.27 miGordon Road, Chatham3
£1,50012/240.28 mi-3
£1,25007/240.28 miSeymour Road, Chatham3
£1,35007/240.29 miMount Road, Chatham3
£1,35005/240.3 miMount Road Chatham ME43
£2,20005/240.3 miChatham Hill, Chatham, Kent, ME53
£1,40004/250.31 mi-3
£1,35005/240.31 miThorold Road, Chatham3
£1,30011/240.32 mi-3
£1,25005/240.33 miSouthill Road Chatham ME43
£1,25007/240.33 miSouthill Road Chatham ME43
£1,30008/240.33 miSouthill Road Chatham ME43
£1,45007/240.34 mi-3
£1,45007/240.34 miThorold Road, Chatham, ME53
£1,30005/240.34 mi-3
£1,10004/250.34 mi-3
£1,45007/240.35 miDagmar Road, Chatham, ME43
£1,35007/240.35 miDagmar Road Chatham ME43
£3,25001/250.35 mi-3
£3,25004/250.35 mi-3

Local Area Statistics

Population in ME4

30,244

Population in Chatham

82,044

Town centre distance

0.59 miles away

Nearest school

0.10 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £170,000

February 12, 2025

Floor Plans

Description

  • Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
  • Semi Detached +
  • Three Separate Bedrooms +
  • Downstairs Bathroom +
  • Cellar +
  • Long Front Garden +

Welcome to this charming three-bedroom semi-detached home, offered to the market with no forward chain for a smooth and straightforward move. A long front garden welcomes you and the path will take you straight to the front door. Once inside, you'll be impressed by the generous space this property has to offer. The cosy lounge features a fireplace as a focal point, and its connection to the dining room creates an ideal layout for family living and entertaining.

From the dining room, patio doors lead you to a small L-shaped courtyard, where washing could be hung, and the possibility of an outside seating area. You'll also find convenient access to the cellar, providing ample storage space, whether for extra household items or a large freezer.

The well-appointed kitchen with a side window allows natural light to pour in, creating a bright cooking space, while the spacious downstairs family bathroom completes the ground floor.

On the first floor, three separate bedrooms await, with the master bedroom located at the front. This generously sized room features built-in wardrobes, maximizing storage and organization.

At the front of the property, before you enter the gated front garden there is additional space with the possibility of it being converted into parking, subject to council approval for a dropped curb. Buyers will need to make their own enquiries regarding this.

Don't miss out on this delightful home with plenty of potential! Call the branch today to arrange your viewing.

Council Tax Band: C
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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