3 Bed Terraced House, Refurb/BRRR, Chatham, ME5 0LB, £240,000

Churchill Avenue, Chatham, Kent, ME5 0LB - 13 views - 2 months ago

Refurb/BRRR
ROI: 1%
~93 m²

ValuationFair Value

Sold Prices£229K - £390K
Sold Prices/m²£2.6K/m² - £6.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£242,400

 

 

End Value (After Refurb)

£331,971

Uplift in Value

+38%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£45,600

Bridging Loan Interest

£6,300

Total Cash In

£122,050

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£331,971

Agent Fees (1%)

£3,320

Bridging Loan

£180,000

Bridging Loan Interest

£6,300

Flip Profit

£26,601

Local Sold Prices

50 sold prices from £229K to £390K, average is £285.5K. £2.6K/m² to £6.5K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£245K07/210.04 mi295, Churchill Avenue, Chatham, Medway ME5 0LB3
£267K09/210.07 mi14, Malta Avenue, Chatham, Medway ME5 0JT3
£260K11/200.07 mi12, Malta Avenue, Chatham, Medway ME5 0JT3
£320K05/230.08 mi77, Tobruk Way, Chatham, Medway ME5 0JW3
£285K06/210.08 mi27, Tobruk Way, Chatham, Kent ME5 0JW3
£286K01/210.08 mi63, Tobruk Way, Chatham, Medway ME5 0JW3
£345K01/230.12 mi61, Tobruk Way, Chatham, Medway ME5 0JW3
£235K07/210.15 mi35, Heritage Road, Chatham, Medway ME5 7SQ3
£265K12/200.17 mi47, Dunkirk Drive, Chatham, Medway ME5 0JF3
£325K02/230.17 mi341, Wayfield Road, Chatham, Medway ME5 0JD3
£280K05/210.18 mi114, Churchill Avenue, Chatham, Medway ME5 0DH3
£270K11/200.2 mi8, Goose Close, Chatham, Medway ME5 7SX3
£281K07/210.21 mi12, Burma Way, Chatham, Medway ME5 0JL3
£247K11/200.21 mi12, Alamein Avenue, Chatham, Medway ME5 0HZ3
£270K03/230.21 mi35, Alamein Avenue, Chatham, Medway ME5 0HZ3
£300K01/230.22 mi215, Churchill Avenue, Chatham, Medway ME5 0DQ3
£255K04/210.23 mi96, Heron Way, Chatham, Kent ME5 7RH3
£250K12/200.23 mi27, Walderslade Road, Chatham, Medway ME5 0JA3
£285K06/230.23 mi85, Walderslade Road, Chatham, Medway ME5 0LJ3
£332K04/230.24 mi32, Raleigh Close, Chatham, Medway ME5 7SB3
£304K12/200.24 mi160, Wayfield Road, Chatham, Medway ME5 0HG3
£340.1K05/230.24 mi182, Wayfield Road, Chatham, Medway ME5 0HG3
£296K08/210.24 mi6, Woolwich Close, Chatham, Medway ME5 0HU3
£280K06/210.27 mi24, Colchester Close, Chatham, Medway ME5 0HQ3
£252K03/210.27 mi21, Cherbourg Crescent, Chatham, Medway ME5 0HR3
£248K04/210.27 mi46, Mermaid Close, Chatham, Medway ME5 7PT3
£315K01/230.27 mi10, Aldershot Road, Chatham, Medway ME5 0HX3
£229K04/210.28 mi32, Chaffinch Close, Chatham, Kent ME5 7RG3
£275K09/210.28 mi20, Bradfields Avenue, Chatham, Medway ME5 0LE3
£302.5K03/230.28 mi49, Bradfields Avenue, Chatham, Medway ME5 0LE3
£360K05/230.28 mi28, Bradfields Avenue, Chatham, Medway ME5 0LE3
£298K04/210.32 mi6, Resolution Close, Chatham, Medway ME5 7RJ3
£350K07/230.33 mi9, Snodhurst Avenue, Chatham, Medway ME5 0SX3
£290K03/210.34 mi47, Illustrious Close, Chatham, Medway ME5 7RW3
£275K12/200.34 mi63, Eden Avenue, Chatham, Medway ME5 0HW3
£290K12/220.35 mi62, Eden Avenue, Chatham, Medway ME5 0HW3
£390K03/230.36 mi3, Glamis Close, Chatham, Medway ME5 7QQ3
£267.5K01/210.38 mi33, Freshwater Road, Chatham, Medway ME5 7SZ3
£260K01/210.41 mi38, Churchill Avenue, Chatham, Medway ME5 0DL3
£282K07/230.42 mi139, Churchill Avenue, Chatham, Medway ME5 0DG3
£233K04/210.42 mi99, Churchill Avenue, Chatham, Medway ME5 0DG3
£300K06/210.44 mi9, Emily Road, Chatham, Medway ME5 7LF3
£345K06/230.44 mi24, Harptree Drive, Chatham, Medway ME5 0TH3
£287K06/210.44 mi57, Harptree Drive, Chatham, Medway ME5 0TH3
£330K12/200.44 mi38, Harptree Drive, Chatham, Kent ME5 0TH3
£375K01/230.44 mi2, Emily Road, Chatham, Medway ME5 7LF3
£265K04/210.45 mi16, Montgomery Avenue, Chatham, Medway ME5 0HA3
£320K07/230.45 mi12, Montgomery Avenue, Chatham, Medway ME5 0HA3
£330K04/210.45 mi22, Bronington Close, Chatham, Medway ME5 7RA3
£322.5K03/230.45 mi2, Bronington Close, Chatham, Medway ME5 7RA3

Local Rents

22 rents from £675/mo to £2K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,50005/240.08 miChurchill Avenue, Chatham, Kent, ME53
£1,50005/240.08 miChurchill Avenue Chatham ME53
£1,50005/240.09 miChurchill Avenue, Chatham, Kent, ME53
£1,35007/240.13 miHeritage Road, Chatham, ME53
£1,35008/240.13 mi-3
£1,80012/240.13 mi-3
£1,52507/240.25 mi-3
£1,65007/240.25 miMountbatten Avenue, Chatham, Kent 3
£1,35005/240.27 miWalderslade, ME53
£1,30005/240.32 miMeadside Walk, Walderslade3
£1,60005/240.34 miRoosevelt Avenue, ME53
£67507/240.42 mi-3
£1,45005/240.45 mi-3
£1,45005/240.45 mi-3
£1,60001/250.46 mi-3
£1,50006/240.47 miQuickthorn Crescent, Walderslade, Chatham, Kent, ME53
£1,50005/240.49 miChristie Close , Chatham , Kent 3
£1,40005/240.5 mi-3
£1,50005/240.52 miWayfield Road, Chatham, Kent, ME53
£1,90003/250.53 mi-3
£1,35005/240.53 miHalifax Close Chatham ME53
£2,00012/240.58 mi-3

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

0.87 miles away

Nearest school

0.10 miles away

Nearest train station

1.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £240,000

February 25, 2025

Description

  • <b>OPEN HOUSE THIS SATURDAY (1ST MARCH)</b> - by appointment only +
  • Terraced house in sought after family location +
  • In need to renovation to create your dream home +
  • Spacious downstairs perfect for socialising and relaxing +
  • Perfect for a first time buyer or an investor wanting a project +
  • Ideal location due to highly rated schools, local amenities and transport links +

This terraced house offers a fantastic opportunity to create your dream home. In need of renovation, it provides a great foundation with generous living space, close proximity to local amenities, and highly rated schools. Perfect for families or investors looking for a rewarding project!  
Please refer to the footnote regarding the services and appliances.

Room sizes:

  • Entrance Hall
  • Lounge: 12'6 x 11'7 (3.81m x 3.53m)
  • Dining Room: 9'10 x 8'8 (3.00m x 2.64m)
  • Kitchen: 8'9 x 7'5 (2.67m x 2.26m)
  • Landing
  • Bedroom 1: 12'8 x 9'10 (3.86m x 3.00m)
  • Bedroom 2: 11'10 x 9'2 (3.61m x 2.80m)
  • Bedroom 3: 10'0 x 4'8 (3.05m x 1.42m)
  • Bathroom
  • Front & 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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