3 Bed Terraced House, Single Let, Chatham, ME5 7DN, £200,000

Constitution Road, Chatham, Kent, ME5 7DN - 1 views - a month ago

Auction
BTL
ROI: 7%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£163K - £360K
Sold Prices/m²£1.6K/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£248,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£62,700

 

 

Cash Out

 

Rent Range

£1,200 - £3,250

Rent Estimate

£1,250

Running Costs/mo

£895

Cashflow/mo

£355

Cashflow/yr

£4,260

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £163K to £360K, average is £236K. £1.6K/m² to £4.4K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£280K12/220 mi39, Constitution Road, Chatham, Medway ME5 7DN3
£230K03/230.05 mi38, Upper Luton Road, Chatham, Medway ME5 7BG3
£185K04/210.05 mi215, Luton Road, Chatham, Medway ME4 5BW3
£240K06/210.06 mi265a, Luton Road, Chatham, Medway ME4 5BN3
£350K11/220.1 mi204, Chatham Hill, Chatham, Medway ME5 7BB3
£300K09/210.1 mi170, Chatham Hill, Chatham, Kent ME5 7BB3
£175K11/200.13 mi29, Grove Road, Chatham, Medway ME4 5HS3
£220K07/210.13 mi107, Imperial Road, Gillingham, Medway ME7 5PH3
£275K04/230.13 mi85, Imperial Road, Gillingham, Medway ME7 5PH3
£225K06/210.13 mi196, Upper Luton Road, Chatham, Medway ME5 7BQ3
£260K12/220.14 mi31, Bright Road, Chatham, Medway ME4 5HH3
£250K09/230.14 mi2, Cobden Road, Chatham, Medway ME4 5HW3
£221K04/230.15 mi170, St Johns Road, Gillingham, Medway ME7 5QE3
£247.5K06/230.15 mi286, Luton Road, Chatham, Medway ME4 5BU3
£245K12/200.15 mi70, Longfellow Road, Gillingham, Medway ME7 5QQ3
£195K05/210.16 mi15, Albany Road, Chatham, Medway ME4 5DL3
£185K03/210.16 mi169, Luton Road, Chatham, Medway ME4 5AE3
£270K07/230.16 mi129, Luton Road, Chatham, Medway ME4 5AE3
£225K01/240.17 mi43, Chamberlain Road, Chatham, Medway ME4 5HT3
£220K02/230.19 mi61, Albany Road, Chatham, Medway ME4 5DN3
£180K02/230.19 mi71, Albany Road, Chatham, Medway ME4 5DN3
£240K11/200.2 mi46, Longfellow Road, Gillingham, Medway ME7 5QG3
£280K10/210.2 mi2, Beacon Road, Chatham, Medway ME5 7BP3
£280K05/210.2 mi61, Beacon Road, Chatham, Kent ME5 7BP3
£245K01/230.2 mi121, Chatham Hill, Chatham, Medway ME5 7AY3
£200K06/230.21 mi24, Tennyson Road, Gillingham, Medway ME7 5QD3
£185K02/210.21 mi33, Tennyson Road, Gillingham, Medway ME7 5QD3
£250K05/230.21 mi65, Tennyson Road, Gillingham, Medway ME7 5QD3
£240K06/230.22 mi50, Seymour Road, Chatham, Medway ME5 7AE3
£195K01/210.22 mi60, Victoria Road, Chatham, Medway ME4 5EU3
£195K11/210.22 mi22, Gordon Road, Chatham, Kent ME4 5LR3
£230K10/230.22 mi7, Edinburgh Road, Chatham, Medway ME4 5BY3
£230K09/210.22 mi179, Shakespeare Road, Gillingham, Medway ME7 5QB3
£195.5K08/210.22 mi147, Shakespeare Road, Gillingham, Kent ME7 5QB3
£200K06/210.23 mi140, Shakespeare Road, Gillingham, Medway ME7 5QA3
£268K06/210.23 mi2, Dagmar Road, Chatham, Medway ME4 5HA3
£220K11/200.24 mi26, Clarence Road, Chatham, Medway ME4 5EJ3
£232K07/230.24 mi10, Waghorn Street, Chatham, Medway ME4 5LT3
£265K01/230.24 mi134, Victoria Road, Chatham, Medway ME4 5EL3
£163K11/200.24 mi55, Thorold Road, Chatham, Medway ME5 7EB3
£260K11/210.25 mi42, Byron Road, Gillingham, Medway ME7 5QH3
£245K02/230.25 mi37, Clarence Road, Chatham, Medway ME4 5EH3
£267.5K03/230.25 mi208, Upper Luton Road, Chatham, Medway ME5 7BJ3
£360K01/230.25 mi197, Rock Avenue, Gillingham, Medway ME7 5PN3
£225K06/230.25 mi34, Alexandra Road, Chatham, Medway ME4 5DG3
£326.2K02/230.25 mi144, Windmill Road, Gillingham, Medway ME7 5PD3
£265K03/210.26 mi21, Longhill Avenue, Chatham, Medway ME5 7AR3
£220K09/230.26 mi64, Edinburgh Road, Chatham, Medway ME4 5BZ3
£215K08/210.27 mi204, Upper Luton Road, Chatham, Kent ME5 7BJ3
£285K04/230.27 mi387, Luton Road, Chatham, Medway ME4 5BH3

Local Rents

51 rents from £1.2K/mo to £3.3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40004/250.02 mi-3
£1,40002/250.02 mi-3
£1,40001/250.02 mi-3
£1,40001/250.02 mi-3
£1,40001/250.02 mi-3
£1,40004/250.02 mi-3
£1,40004/250.02 mi-3
£1,40008/240.05 mi-3
£1,30007/240.05 miConstitution Road, Chatham3
£1,45005/240.05 miLuton Road, Chatham3
£1,50005/240.07 miUpper Luton Road, Chatham, ME53
£1,35006/240.07 miUpper Luton Road, Chatham, ME53
£1,40005/240.07 mi-3
£1,40005/240.07 mi-3
£1,35007/240.07 mi-3
£1,45007/240.09 miThorold Road, Chatham, ME53
£1,45007/240.09 mi-3
£1,80003/250.1 mi-3
£1,37505/240.11 miChatham Hill, Chatham3
£1,40001/240.11 mi-3
£3,25001/250.12 mi-3
£3,25003/250.12 mi-3
£1,35005/240.12 miThorold Road, Chatham3
£1,40005/240.13 mi-3
£1,35006/240.13 miGrove Road, Chatham, ME43
£1,45004/250.15 mi-3
£1,40002/240.15 mi-3
£1,44001/250.15 mi-3
£1,30005/240.16 mi-3
£1,30005/240.17 mi-3
£1,55012/240.18 mi-3
£1,35012/240.19 mi-3
£1,20007/240.2 mi-3
£1,20007/240.2 miThorold Road, Chatham, ME53
£2,20005/240.21 miChatham Hill, Chatham, Kent, ME53
£1,40007/240.21 mi-3
£1,30005/240.21 miTennyson Road Gillingham ME73
£1,42001/250.22 mi-3
£1,25007/240.22 miSeymour Road, Chatham3
£1,25005/240.22 miGordon Road, ME43
£1,35004/250.22 mi-3
£1,50012/240.23 mi-3
£1,40005/240.23 miThorold Road, Chatham, Kent, ME53
£1,25004/250.24 mi-3
£1,35007/240.25 miPortland Street, Chatham3
£2,10002/250.26 mi-3
£1,40003/240.27 miLuton Road, Chatham, ME43
£1,34501/250.27 mi-3
£1,45007/240.27 miDagmar Road, Chatham, ME43
£1,35007/240.27 miDagmar Road Chatham ME43
£1,45005/240.28 miWindmill Road , Gillingham, ME73

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

0.72 miles away

Nearest school

0.30 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £200,000

March 18, 2025

Floor Plans

Description

  • Buyers Fees apply - see brochure for details +
  • Victorian terraced house set over 3 floors with potential for parking +
  • 3 separate bedrooms, ideal for rental market +
  • Great location for access to town, railway station and Medway Hospital +
  • For Sale by Modern Auction - T&Cs apply +
  • Subject to an undisclosed Reserve Price. +

This Victorian terrace house offers a fantastic opportunity to personalise it as a home or an investment property, though it does require some redecorating in places. Set over 3 floors, the driveway (space to park a smaller vehicle) with drop kerb gives access to a garage - rare in this area! - This is currently informally converted to storage space but could easily be returned to parking for your car. This property is for sale by Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

Room sizes:

  • Entrance Hallway
  • Former Garage: 9'5 x 7'9 (2.87m x 2.36m)
  • Store Room: 7'0 x 6'3 (2.14m x 1.91m)
  • Landing
  • Lounge: 12'6 x 10'1 (3.81m x 3.08m)
  • Dining Area: 11'1 x 9'2 (3.38m x 2.80m)
  • Kitchen: 11'1 x 9'2 (3.38m x 2.80m)
  • Landing
  • Bedroom 1: 12'11 x 8'9 (3.94m x 2.67m)
  • Bedroom 2: 10'4 x 9'3 (3.15m x 2.82m)
  • Bedroom 3: 12'3 x 4'10 (3.74m x 1.47m)
  • Bathroom
  • Driveway
  • Rear Garden  
    AUCTIONEER'S COMMENTS This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee, this being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. The seller can instruct iamsold to agree a sale without a bidding process taking place or prior to a closing date. No further bids can be accepted after a buyer has paid a Reservation Fee REFERRAL ARRANGEMENTS Wards and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Wards may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you. TO VIEW OR MAKE A BID - Contact Wards _
     
    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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