2 Bed Terraced House, Refurb/BRRR, Chatham, ME4 6RD, £225,000

Pagitt Street, Chatham, ME4 6RD - 1 views - 19 days ago

Auction
Refurb/BRRR
ROI: 4%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£132.5K - £322K
Sold Prices/m²£1.9K/m² - £6.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.3K/m²

Value Estimate

£209,847

 

 

End Value (After Refurb)

£193,288

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£12,450

Refurb Costs

£33,396

Bridging Loan Interest

£5,906

Total Cash In

£109,753

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£193,288

Mortgage (After Refinance)

£144,966

Mortgage LTV

75%

Cash Left In

£109,753

Equity

£48,322

Rent Range

£800 - £2,300

Rent Estimate

£1,273

Running Costs/mo

£879

Cashflow/mo

£394

Cashflow/yr

£4,733

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £132.5K to £322K, average is £230K. £1.9K/m² to £6.9K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£245K03/230.01 mi118, Pagitt Street, Chatham, Medway ME4 6RD2
£212.5K04/210.01 mi98, Pagitt Street, Chatham, Medway ME4 6RD2
£250K10/200.01 mi125, Pagitt Street, Chatham, Kent ME4 6RD2
£230K06/230.07 mi119, Dale Street, Chatham, Medway ME4 6QH2
£180K11/200.07 mi120, Dale Street, Chatham, Medway ME4 6QH2
£192K07/210.11 mi58, Dale Street, Chatham, Medway ME4 6QG2
£180K12/200.12 mi213, Dale Street, Chatham, Medway ME4 6QJ2
£185K10/200.14 mi10, Scotts Terrace, Chatham, Medway ME4 6QF2
£247K01/230.14 mi14, Scotts Terrace, Chatham, Medway ME4 6QF2
£188K02/210.23 mi23, Ingle Road, Chatham, Medway ME4 5SD2
£267.5K08/230.25 mi7, Rosebery Road, Chatham, Medway ME4 6LG2
£229K07/230.26 mi86, Charter Street, Chatham, Medway ME4 5RZ2
£215K11/210.27 mi9, New Street, Chatham, Kent ME4 6RH2
£203.5K04/210.27 mi15, New Street, Chatham, Medway ME4 6RH2
£260K02/230.27 mi15, New Street, Chatham, Medway ME4 6RH2
£132.5K10/200.27 mi107, Charter Street, Chatham, Medway ME4 5RY2
£208K11/210.28 mi114, Mount Road, Chatham, Medway ME4 5RR2
£290K09/210.28 mi11, Brenchley Close, Rochester, Medway ME1 2QL2
£290K11/230.28 mi2, Brenchley Close, Rochester, Medway ME1 2QL2
£228.9K10/200.28 mi18, Brenchley Close, Rochester, Medway ME1 2QL2
£255K06/210.28 mi6, Brenchley Close, Rochester, Medway ME1 2QL2
£263K01/210.28 mi3, Brenchley Close, Rochester, Medway ME1 2QL2
£215K04/230.29 mi24, Southill Road, Chatham, Medway ME4 5SA2
£235K01/240.29 mi51, Wyles Road, Chatham, Medway ME4 6LE2
£190K06/210.29 mi106, Holcombe Road, Chatham, Kent ME4 5RX2
£200K01/230.29 mi8, Southill Road, Chatham, Medway ME4 5SA2
£245K09/210.31 mi6, Boundary Road, Chatham, Medway ME4 6TS2
£230K11/230.32 mi35, Ordnance Street, Chatham, Medway ME4 6SJ2
£307.5K06/230.33 mi98, Port Rise, Chatham, Medway ME4 6QA2
£216K12/200.34 mi12, Scotteswood Avenue, Chatham, Medway ME4 6HB2
£190K06/210.35 mi64, Mount Road, Chatham, Medway ME4 5RP2
£200K12/200.35 mi46, Mount Road, Chatham, Medway ME4 5RP2
£190K11/230.37 mi40, Jenkins Dale, Chatham, Medway ME4 5RB2
£197.5K02/210.37 mi4, St Leonards Avenue, Chatham, Medway ME4 6HL2
£290K11/200.37 mi39, The Fort, Rochester, Medway ME1 2FE2
£206K05/210.38 mi23, Elm Avenue, Chatham, Medway ME4 6ER2
£270K07/230.38 mi23, Elm Avenue, Chatham, Medway ME4 6ER2
£230K11/200.38 mi7, Cressey Court, Chatham, Medway ME4 6TW2
£225K02/210.39 mi67, St Williams Way, Rochester, Kent ME1 2NY2
£295K07/210.39 mi17, St Williams Way, Rochester, Medway ME1 2NX2
£322K12/230.39 mi13, St Williams Way, Rochester, Medway ME1 2NX2
£215K12/220.4 mi15, Glencoe Road, Chatham, Medway ME4 5QB2
£255K12/220.41 mi1a, Amherst Road, Rochester, Medway ME1 2AR2
£238K10/210.41 miHolmside, Chalkpit Hill, Chatham, Medway ME4 5SU2
£200K11/230.43 mi4, Natal Road, Chatham, Medway ME4 5PS2
£270K04/230.43 mi12, Chalkpit Hill, Chatham, Medway ME4 5TA2
£245K03/210.44 mi6, Randall Road, Chatham, Kent ME4 6JY2
£245K01/210.44 mi8, Huntsmans Close, Rochester, Kent ME1 2RD2
£310K10/230.44 mi11, Huntsmans Close, Rochester, Medway ME1 2RD2
£282K02/210.45 mi23, Haig Avenue, Rochester, Medway ME1 2RZ2

Local Rents

50 rents from £800/mo to £2.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£99005/240.07 mi-2
£1,25002/250.1 mi-2
£1,15006/240.15 miTop Purbeck Road, Chatham, ME42
£1,15006/240.15 mi-2
£1,25005/240.25 miRosebery Road, Chatham, Kent, ME42
£1,15006/240.25 mi-2
£1,15006/240.25 miBrenchley Close, Rochester, ME12
£1,20005/240.26 miMaidstone Road, Chatham2
£1,25007/240.27 miCharlesworth House, Balfour Road, Chatham, Kent, ME42
£1,25007/240.36 miPort Rise, Chatham2
£1,25001/250.39 mi-2
£1,10005/240.41 mi-2
£1,35012/240.44 mi-2
£1,20002/250.44 mi-2
£1,04908/240.46 mi-2
£1,30007/240.47 miNew Road, Chatham2
£1,15005/240.47 miMary Court, Chatham, Kent, ME42
£1,45008/240.47 miChatham Waters, South House, Gillingham Gate Road, Gillingham, ME42
£1,25007/240.48 miNew Road, Chatham, Kent, ME42
£1,40005/240.49 miHaig Avenue, Rochester2
£1,35004/250.5 mi-2
£1,20004/250.51 mi-2
£1,75005/240.51 miBishops Court, Rochester 2
£1,30003/250.51 mi-2
£1,25007/240.52 mi-2
£1,00005/240.52 miRutland Court, Cossack Street, Rochester, ME12
£1,05007/240.52 miCossack Street, Rochester, ME12
£1,25007/240.52 miPortside Close, Rochester, Kent, ME1 2FG2
£1,19504/250.53 mi-2
£1,30006/240.53 mi-2
£1,20005/240.54 miBishops Court, St. Bartholomews Place New Road ME12
£1,32507/240.54 miRose Street, Rochester, Kent, ME12
£1,29506/240.54 mi-2
£1,30005/240.54 miNew Road, Rochester, Kent, ME12
£80008/240.54 miSturla Road, Chatham2
£1,20005/240.54 miWilson Avenue Rochester ME12
£1,40007/240.55 miGundulph Road, Chatham2
£1,35007/240.55 miErnest Road, Chatham, Kent, ME42
£1,30003/250.56 mi-2
£1,25007/240.56 miGlencoe Road, Chatham, Kent, ME42
£1,25005/240.57 miHospital Lane, Rochester, Kent, ME12
£1,40007/240.58 miHolcombe Road Rochester ME12
£1,40007/240.58 miHolcombe Road, Rochester, ME12
£1,08507/240.59 mi-2
£1,08506/240.59 miWellington Court, Chatham, ME42
£1,20005/240.59 mi-2
£1,20005/240.59 mi-2
£1,25005/240.59 miNora Court, Chatham, ME42
£1,45003/250.59 mi-2
£2,30005/240.6 mi-2

Local Area Statistics

Population in ME4

30,244

Population in Chatham

82,044

Town centre distance

0.63 miles away

Nearest school

0.10 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £225,000

March 20, 2025

Floor Plans

Description

  • Auction +
  • No chain +
  • Workshop space +
  • In need of renovation +
  • Two bedroom terrace +
  • Investment opportunity +

Being Sold via Secure Sale. Terms & Conditions apply. Starting offers £225,000

Steeped in history and full of character, this much-loved family home is a rare find. Blending traditional craftsmanship with flexible living space, it features bespoke hand-built cupboards and pocket sliding doors, adding both charm and functionality.

Being Sold via Secure Sale. Terms & Conditions apply. Starting offers £225,000

Steeped in history and full of character, this much-loved family home is a rare find. Blending traditional craftsmanship with flexible living space, it features bespoke hand-built cupboards and pocket sliding doors, adding both charm and functionality.

Downstairs, the home offers two inviting reception rooms—perfect for entertaining or relaxing—along with a cozy kitchen that exudes warmth. Upstairs, the well-proportioned bedrooms provide a peaceful retreat while maintaining the home’s original character. A further bedroom on the second floor offers versatility, ideal as a dressing room, home office, or additional storage space.

A truly special highlight is the garden gazebo, crafted from an original tower bell wheel from All Saints Church, Frindsbury, bringing a fascinating piece of history to this unique home. Additionally, a dedicated workshop in the garden provides a fantastic space for hobbies, DIY projects, or extra storage.

Nestled in a convenient location close to local amenities and transport links, this property presents a wonderful opportunity to embrace its charm and make it your own.

A home filled with history, character, and love—early viewing is highly recommended! Call our friendly team today on to arrange a viewing.

Tenure - Freehold
EPC Rating - TBC
Council Tax Band - B

The information we hold for this property is obtained from the Vendor (the person or company selling the property). Anyone interested in this property is advised to obtain verification on all points from their Solicitor or Surveyor. Reference to the Tenure of this property is based on information supplied by the Vendor. Any Buyer(s) is/are advised to obtain verification from their Solicitor. We have not tested any apparatus, equipment, fixtures and fittings and so cannot verify that they are in working order or fit for purpose. Please do not rely on this information when deciding to proceed.

Dockside are members of The Property Ombudsman & our Client Money Protection provider is Propertymark.

Agent Details

Island Homes, Kent

01634 563504

Next Steps?

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