2 Bed Terraced House, Cash/Bridging Only, Chatham, ME5 7JP, £160,000

Church Terrace, Chatham, ME5 7JP - 2 views - a month ago

Cash
ROI: 4%
~68 m²
+4 photos

ValuationFair Value

Sold Prices£140K - £369.8K
Sold Prices/m²£1.7K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£161,600

 

 

End Value (After Refurb)

£219,514

Uplift in Value

+37%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£33,396

Bridging Loan Interest

£4,200

Total Cash In

£88,546

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£219,514

Mortgage (After Refinance)

£164,636

Mortgage LTV

75%

Cash Released

£44,636

Cash Left In

£43,911

Equity

£54,879

Rent Range

£975 - £2,050

Rent Estimate

£1,253

Running Costs/mo

£957

Cashflow/mo

£296

Cashflow/yr

£3,557

ROI

4%

Gross Yield

9%

Local Sold Prices

52 sold prices from £140K to £369.8K, average is £220K. £1.7K/m² to £5.2K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£227.5K04/230.11 mi41, Queens Road, Chatham, Medway ME5 7JS2
£220K06/230.13 mi10, Kings Road, Chatham, Medway ME5 7JY2
£220K06/230.13 mi10, Kings Road, Chatham, Medway ME5 7JY2
£210K05/230.13 mi13, Coronation Road, Chatham, Medway ME5 7DD2
£165K01/210.15 mi401, Luton Road, Chatham, Medway ME4 5BH2
£153K06/210.15 mi405, Luton Road, Chatham, Medway ME4 5BH2
£177.5K01/210.16 mi11, Capstone Road, Chatham, Medway ME5 7NH2
£198K11/230.16 mi33, First Avenue, Chatham, Medway ME4 5AT2
£170K01/210.22 mi6, Edinburgh Road, Chatham, Kent ME4 5BY2
£165K03/210.23 mi359, Luton Road, Chatham, Medway ME4 5BJ2
£197.5K05/210.23 mi23, Upper Luton Road, Chatham, Medway ME5 7BH2
£230K11/200.28 mi63, Settington Avenue, Chatham, Kent ME5 0AG2
£220.5K06/210.28 mi89, Settington Avenue, Chatham, Medway ME5 0AG2
£245K06/210.28 mi57, Settington Avenue, Chatham, Medway ME5 0AG2
£257.5K12/220.28 mi53, Settington Avenue, Chatham, Medway ME5 0AG2
£230K01/230.3 mi64, Connaught Road, Chatham, Medway ME4 5DH2
£157K11/200.31 mi83, Connaught Road, Chatham, Medway ME4 5DH2
£227K01/230.32 mi18, Eva Road, Gillingham, Medway ME7 5NE2
£210K04/210.34 mi17, Bracken Lea, Chatham, Medway ME5 0BZ2
£220K08/210.34 mi20, Bracken Lea, Chatham, Medway ME5 0BZ2
£181.5K10/200.36 mi14, Alfred Close, Chatham, Medway ME4 5EE2
£218K02/240.36 mi19, Alfred Close, Chatham, Medway ME4 5EE2
£180K01/210.37 mi271, Luton Road, Chatham, Kent ME4 5BN2
£235K01/230.38 mi6, Stonecross Lea, Chatham, Medway ME5 0BL2
£232.5K03/230.38 mi17, Stonecross Lea, Chatham, Medway ME5 0BL2
£220K03/210.4 mi9, Stonecross Lea, Chatham, Medway ME5 0BL2
£260K11/220.41 mi131, Shakespeare Road, Gillingham, Medway ME7 5QB2
£240K05/230.43 mi25, Grove Road, Chatham, Medway ME4 5HS2
£214.4K01/230.43 mi59, St Johns Road, Gillingham, Medway ME7 5QE2
£205K03/210.43 mi2b, Tennyson Road, Gillingham, Medway ME7 5QD2
£230K10/210.43 mi7, Tennyson Road, Gillingham, Medway ME7 5QD2
£230K05/230.43 mi82, Victoria Road, Chatham, Medway ME4 5EU2
£270K04/230.46 mi46, Rowan Lea, Chatham, Medway ME5 0BQ2
£267K06/230.47 mi57, Crestway, Chatham, Medway ME5 0BD2
£200K05/210.47 mi13, Cobden Road, Chatham, Medway ME4 5HW2
£225K10/230.47 mi25, Cobden Road, Chatham, Medway ME4 5HW2
£205K01/240.47 mi29, Cobden Road, Chatham, Medway ME4 5HW2
£290K06/210.49 mi63, Holmside, Gillingham, Medway ME7 4BG2
£178K01/210.5 mi26, Grange Hill, Chatham, Medway ME5 7AH2
£175K03/210.5 mi17, Grange Hill, Chatham, Medway ME5 7AH2
£140K03/240.51 mi10, Victoria Road, Chatham, Medway ME4 5EY2
£140K03/240.51 mi10, Victoria Road, Chatham, Medway ME4 5EY2
£210K10/230.51 mi7, Castle Road, Chatham, Medway ME4 5HG2
£369.8K08/210.51 mi13, Rowland Avenue, Gillingham, Medway ME7 3DL2
£218.5K06/230.53 mi22, Dagmar Road, Chatham, Medway ME4 5HB2
£242.5K05/210.55 mi35, Shanklin Close, Chatham, Medway ME5 7QL2
£155K06/210.55 mi79, Castle Road, Chatham, Medway ME4 5HX2
£167K09/210.55 mi84, Castle Road, Chatham, Medway ME4 5HX2
£225K12/220.55 mi92, Castle Road, Chatham, Medway ME4 5HX2
£232.5K06/210.56 mi38, Shanklin Close, Chatham, Medway ME5 7QL2
£228K02/210.57 mi208, Nelson Road, Gillingham, Medway ME7 4LU2
£228K02/210.57 mi208, Nelson Road, Gillingham, Medway ME7 4LU2

Local Rents

49 rents from £975/mo to £2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20007/240.1 miWard View, Chatham, 2
£1,15007/240.14 miUpper Luton Road, Chatham, Kent, ME52
£1,20005/240.14 miUpper Luton Road, Chatham, Kent, ME52
£1,20006/240.14 miUpper Luton Road, Chatham, Kent, ME52
£1,30006/240.23 miEdinburgh Road, Chatham, Kent, ME42
£1,40003/250.28 mi-2
£1,25006/240.28 miChatham Hill, Chatham, ME52
£1,25007/240.28 miChatham Hill, Chatham, ME52
£1,25007/240.28 mi-2
£1,10005/240.29 miChatham Hill, Chatham2
£1,20005/240.3 miChatham Hill, Chatham, Kent, ME52
£1,41012/240.32 mi-2
£1,05006/240.34 mi-2
£1,05006/240.34 mi-2
£1,05006/240.34 mi-2
£1,25007/240.39 mi-2
£1,25007/240.39 miStonecross Lea, Chatham, ME52
£1,30006/240.39 miMilton Road, Gillingham2
£1,35012/240.39 mi-2
£1,25006/240.41 miImperial Road, Gillingham2
£1,20008/240.43 mi-2
£1,20003/240.43 miWatling Street,Gillingham,ME72
£1,30012/240.43 mi-2
£1,25003/250.44 mi-2
£1,05005/240.44 miLuton Road, Chatham2
£1,25002/250.45 mi-2
£1,15008/240.46 mi-2
£1,15007/240.46 miConstitution Road, Chatham, ME52
£1,15007/240.46 miConstitution Road, Chatham, ME52
£1,10001/240.47 mi-2
£1,10005/240.48 miVictoria Road, Chatham2
£1,40006/240.52 mi-2
£1,35005/240.52 mi-2
£1,20005/240.52 miThorold Road, Chatham, Kent, ME52
£1,30005/240.54 miShanklin Close, Chatham, Kent, ME52
£1,45007/240.55 mi-2
£1,45007/240.55 miCastle Road, Chatham, ME42
£1,20007/240.56 miShanklin Close, Chatham, Kent, ME52
£1,30008/240.58 miGordon Road Chatham ME42
£1,20006/240.58 miGordon Road, Chatham2
£1,15006/240.58 miGordon Road, Chatham2
£2,05004/240.58 mi-2
£1,37505/240.59 miCanterbury Street Gillingham ME72
£1,30003/240.59 miShakespeare Road,Gillingham,ME72
£1,15007/240.6 miGordon Road, CHATHAM2
£97505/240.6 miAlton Mews, Canterbury Street, Gillingham, ME7 2
£1,15004/250.61 mi-2
£1,35007/240.62 mi-2
£1,20005/240.62 miCanterbury Street Gillingham ME72

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

0.89 miles away

Nearest school

0.20 miles away

Nearest train station

1.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £160,000

March 19, 2025

Floor Plans

Description

  • Quote JS0791 To View +
  • Tenure Freehold +
  • Council Tax Band B +
  • In need of refurbishment so ideal for developers or investors +
  • Hardstanding To Rear +
  • Good sized rooms throughout +
  • No onward Chain +
  • Cash Buyers Only +

CASH BUYERS ONLY. Offered for sale with no onward chain is this two bedroom mid terrace home, that would be suitable for developers or an investment purchase.  Positioned in a part of town close to local shops and schools, the property is a good size throughout and also offers hardstanding to the rear for parking, which is a rarity in this area.  In need of refurbishment throughout, this would be a great property if you were looking for a project to either live in, or do the work and rent out.  There is a separate lounge and dining room, a good size kitchen, two good sized bedrooms and a spacious bathroom which can be found off the back of the second bedroom.  I am sure due to price there will be a vast amount of interest in this home, so please call and quote JS0791 to view Accommodation Courtyard Front Garden
Entrance Hall
Lounge 2.87m x 3.2m (9'5" x 10'6")
Dining Room 3.73m x 3.18m (12'3" x 10'5")
Kitchen 2.16m x 3m (7'1" x 9'10")
Rear Garden
Upstairs Landing
Bedroom One 3.2m x 3.71m (10'6" x 12'2")
Bedroom
Bedroom Two 3.18m x 3.73m (10'5" x 12'3")
Bathroom (off of second bedroom) 2.18m x 3m (7'2" x 9'10")
Hardstanding for parking **MATERIAL INFORMATION **

This property requires full refurbishment throughout therefore my view is that it will be only purchased by CASH BUYERS 

**AML ** Important Information on Anti-Money Laundering Check We are required by law to conduct Anti-Money Laundering checks on all parties involved in the sale or purchase of a property. We take the responsibility of this seriously in line with HMRC guidance in ensuring the accuracy and continuous monitoring of these checks. Our compliance partner, Move Butler, will carry out the initial checks on our behalf. They will contact you and where possible, a biometric check will be sent to you electronically only once your offer has been accepted. As an applicant, you will be charged a non-refundable fee of £30 (inclusive of VAT) per buyer for these checks. The fee covers data collection, manual checking, and monitoring. You will need to pay this amount directly to Move Butler and complete all Anti-Money Laundering checks before your offer can be formally accepted. In addition, you will also be required to provide evidence of how you intend to finance your purchase prior to formal acceptance of any offer.

Agent Details

eXp UK, South East

03304 609968

Next Steps?

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