4 Bed Terraced House, Refurb/BRRR, Chatham, ME4 4PF, £225,000

10, INSTITUTE ROAD, CHATHAM - 1 views - a month ago

Under Offer

Refurb/BRRR

ROI: 6%

83 m²

+5 photos

ValuationFair Value

Sold Prices	£190K - £770K
Sold Prices/m²	£1.8K/m² - £7.7K/m²

Square Metres	83 m²
Price/m²	£2.7K/m²
Value Estimate	£227,250£227,250

End Value (After Refurb)	£223,493£223,493

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£56,250£56,250
Stamp Duty & Legal Fees	£12,450£12,450
Refurb Costs	£40,697£40,697
Bridging Loan Interest	£5,906£5,906
Total Cash In	£117,053£117,053

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£223,493£223,493
Mortgage (After Refinance)	£167,620£167,620
Mortgage LTV	75%75%
Cash Left In	£117,053£117,053
Equity	£55,873£55,873
Rent Range	£1,200 - £3,200£1,200 - £3,200
Rent Estimate	£1,593
Running Costs/mo	£1,037£1,037
Cashflow/mo	£556£556
Cashflow/yr	£6,672£6,672
ROI	6%6%
Gross Yield	8%8%

Local Sold Prices

33 sold prices from £190K to £770K, average is £355K. £1.8K/m² to £7.7K/m², average is £3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£380K	01/23	0.31 mi	97, Luton Road, Chatham, Medway ME4 5AE	£7,674	50	4	Terraced House
£370K	10/22	0.32 mi	5, Hannah Close, Chatham, Medway ME4 5NS	-	-	4	Semi-Detached House
£355K	12/23	0.34 mi	12, Steven Close, Chatham, Medway ME4 5NG	£3,060	116	4	Terraced House
£300K	06/21	0.41 mi	35, Diana Road, Chatham, Medway ME4 5PW	-	-	4	Terraced House
£264K	12/20	0.41 mi	200, Windmill Road, Gillingham, Kent ME7 5PE	£2,790	95	4	Semi-Detached House
£430K	03/21	0.42 mi	58, New Road, Chatham, Medway ME4 4QR	£2,829	152	4	Terraced House
£190K	03/21	0.53 mi	210, Luton Road, Chatham, Medway ME4 5BS	£1,845	103	4	Semi-Detached House
£490K	11/20	0.62 mi	37, Maidstone Road, Chatham, Medway ME4 6DP	£2,539	193	4	Semi-Detached House
£462.5K	10/22	0.63 mi	260, Canterbury Street, Gillingham, Medway ME7 5XR	-	-	4	Semi-Detached House
£245K	02/21	0.63 mi	19, St Leonards Avenue, Chatham, Kent ME4 6HE	£2,816	87	4	Terraced House
£290K	11/21	0.67 mi	29, Cottall Avenue, Chatham, Medway ME4 6HG	-	-	4	Terraced House
£350K	05/23	0.67 mi	7b, Cottall Avenue, Chatham, Medway ME4 6HG	£3,043	115	4	Semi-Detached House
£252K	04/21	0.68 mi	81, Ordnance Street, Chatham, Medway ME4 6SF	£3,652	69	4	Terraced House
£470K	06/21	0.74 mi	23, Prospect Row, Gillingham, Medway ME7 5AL	£3,808	123	4	Semi-Detached House
£320K	11/20	0.75 mi	6, Hillcrest Road, Chatham, Medway ME4 6EG	£2,222	144	4	Terraced House
£350K	08/21	0.75 mi	9, Prospect Row, Gillingham, Medway ME7 5AL	£2,574	136	4	Terraced House
£230K	10/23	0.78 mi	186, Dale Street, Chatham, Medway ME4 6QJ	£2,911	79	4	Terraced House
£400K	05/23	0.78 mi	2, Kingswood Avenue, Chatham, Medway ME4 6EH	£3,030	132	4	Terraced House
£300K	03/21	0.83 mi	78, Boundary Road, Chatham, Kent ME4 6UG	-	-	4	Terraced House
£275K	11/20	0.88 mi	297, Dale Street, Chatham, Medway ME4 6QR	£2,331	118	4	Semi-Detached House
£330K	11/22	0.91 mi	66, Napier Road, Gillingham, Medway ME7 4HD	-	-	4	Semi-Detached House
£320K	11/21	0.92 mi	29, Stuart Road, Gillingham, Medway ME7 4AB	-	-	4	Terraced House
£360K	03/21	0.95 mi	1, Bracken Lea, Chatham, Medway ME5 0BZ	£3,789	95	4	Detached House
£600K	06/23	0.96 mi	156, Maidstone Road, Chatham, Medway ME4 6EN	£3,448	174	4	Detached House
£470K	09/21	0.96 mi	10, Corral Close, Chatham, Medway ME5 7EQ	-	-	4	Terraced House
£372K	01/21	0.96 mi	6, Corral Close, Chatham, Medway ME5 7EQ	£3,444	108	4	Semi-Detached House
£382.5K	11/20	0.96 mi	3, Corral Close, Chatham, Kent ME5 7EQ	£3,825	100	4	Detached House
£487.5K	06/21	0.98 mi	1, Bournville Avenue, Chatham, Medway ME4 6LR	£3,047	160	4	Detached House
£221K	01/21	0.99 mi	15, Queens Road, Chatham, Medway ME5 7JS	£2,728	81	4	Terraced House
£770K	07/23	0.99 mi	41, Park Avenue, Gillingham, Medway ME7 4AQ	£3,453	223	4	Detached House
£277.5K	12/22	0.99 mi	53, Queens Road, Chatham, Medway ME5 7JS	£2,921	95	4	Terraced House
£460K	01/21	1 mi	21, Park Avenue, Gillingham, Kent ME7 4AS	£2,722	169	4	Semi-Detached House
£420K	11/22	1 mi	The Villa, Mill Road, Gillingham, Medway ME7 1JB	£5,203	81	4	Detached House

Local Rents

51 rents from £1.2K/mo to £3.2K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,550	03/24	0.11 mi	Mount Pleasant, Chatham, ME5	3	Terraced House
£1,300	07/24	0.15 mi	Salisbury Road, Chatham, Kent, ME4	3	Terraced House
£1,350	12/24	0.21 mi	-	4	Terraced House
£1,795	03/25	0.23 mi	-	4	Terraced House
£2,000	07/24	0.24 mi	Longhill Avenue Chatham ME5	4	Detached House
£2,000	07/24	0.24 mi	Longhill Avenue Chatham ME5	4	Detached House
£1,400	05/24	0.24 mi	Thorold Road, Chatham, Kent, ME5	3	Flat
£2,000	12/24	0.24 mi	Longhill Avenue, Chatham, Kent, ME5	4	Detached House
£1,250	07/24	0.26 mi	Seymour Road, Chatham	3	Terraced House
£1,200	07/24	0.26 mi	Thorold Road, Chatham, ME5	3	Terraced House
£1,200	07/24	0.26 mi	-	3	Terraced House
£1,450	03/25	0.27 mi	-	4	Terraced House
£1,500	07/24	0.27 mi	Hartington Street, Chatham	4	Terraced House
£2,200	05/24	0.27 mi	Chatham Hill, Chatham, Kent, ME5	3	Terraced House
£1,800	01/25	0.27 mi	-	4	Terraced House
£1,700	03/25	0.27 mi	-	4	Terraced House
£1,900	01/25	0.28 mi	-	4	Terraced House
£1,450	01/25	0.28 mi	-	4	Terraced House
£1,800	12/24	0.28 mi	-	3	Terraced House
£1,400	07/24	0.3 mi	Otway Street, Chatham, Kent, ME4	3	Terraced House
£1,400	07/24	0.3 mi	Otway Street, Chatham, Kent, ME4	3	Terraced House
£3,200	12/24	0.3 mi	-	4	Terraced House
£3,200	03/25	0.3 mi	-	4	Terraced House
£1,300	05/24	0.31 mi	Herbert Road, Chatham, Kent, ME4	3	Terraced House
£1,750	04/25	0.32 mi	-	3	Terraced House
£1,300	05/24	0.32 mi	Herbert Road Chatham ME4	3	Terraced House
£1,603	04/25	0.33 mi	-	3	Terraced House
£1,600	07/24	0.34 mi	Steven Close Chatham ME4	4	Terraced House
£1,600	07/24	0.34 mi	Steven Close Chatham ME4	4	Terraced House
£1,350	05/24	0.35 mi	Thorold Road, Chatham	3	Flat
£1,350	12/24	0.35 mi	Leopold Road, Chatham	3	Terraced House
£1,750	05/24	0.37 mi	College Avenue Gillingham ME7	4	Terraced House
£1,400	01/24	0.37 mi	-	3	Terraced House
£1,300	05/24	0.38 mi	Sturla Road, Chatham	3	Terraced House
£1,450	07/24	0.38 mi	-	3	Terraced House
£1,450	07/24	0.38 mi	Thorold Road, Chatham, ME5	3	Terraced House
£1,600	05/24	0.38 mi	Marlborough Road, Gillingham, Kent, ME7	3	Terraced House
£1,375	05/24	0.39 mi	Chatham Hill, Chatham	3	Terraced House
£1,250	05/24	0.39 mi	Gordon Road, ME4	3	Terraced House
£1,350	07/24	0.39 mi	Portland Street, Chatham	3	Terraced House
£1,400	04/25	0.39 mi	-	3	Terraced House
£1,350	02/24	0.4 mi	-	3	Terraced House
£1,325	01/25	0.41 mi	-	3	Terraced House
£1,350	05/24	0.41 mi	Mount Road Chatham ME4	3	Detached House
£1,350	07/24	0.41 mi	Mount Road, Chatham	3	Terraced House
£1,345	01/25	0.42 mi	-	3	Terraced House
£1,300	07/24	0.42 mi	Constitution Road, Chatham	3	Semi-Detached House
£1,400	05/24	0.42 mi	College Avenue Gillingham ME7	3	Terraced House
£1,450	02/24	0.43 mi	-	3	Terraced House
£1,600	12/24	0.43 mi	-	3	Terraced House
£1,600	01/25	0.43 mi	-	3	Terraced House

Local Area Statistics

Population in ME4	30,24430,244
Population in Chatham	82,04482,044
Town centre distance	0.83 miles away0.83 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.55 miles away0.55 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+17%+17%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+18%+18%

Property History

Listed for £225,000

March 12, 2025

Floor Plans

Description

No Forward Chain +
4 Bedrooms +
Rear Garden +

THE PROPERTY - Phoenix Property Services are pleased to offer For Sale a mid-terrace house with Four bedrooms, 27'8 Sitting Room /Diner, Down stairs W.C, a first-floor bathroom in a very convenient location with easy access to Chatham Town Centre and walking distance to the station and other amenities.
The property further benefits from a good-sized cellar and rear garden. The house is in need of modernisation and this is reflected in the price.

Agent Details

Phoenix Property Services, Gillingham

01634 563337

Next Steps?

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

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