3 Bed Terraced House, Single Let, Chatham, ME5 8YJ, £180,000

Ealing Close, CHATHAM, ME5 8YJ - 2 views - 17 days ago

Auction
BTL
ROI: 11%
~93 m²
+3 photos

ValuationUndervalued

Sold Prices£215K - £475K
Sold Prices/m²£2.2K/m² - £5.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£216,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Total Cash In

£56,300

 

 

Cash Out

 

Rent Range

£1,200 - £2,000

Rent Estimate

£1,394

Running Costs/mo

£861

Cashflow/mo

£533

Cashflow/yr

£6,392

ROI

11%

Gross Yield

9%

Local Sold Prices

50 sold prices from £215K to £475K, average is £300K. £2.2K/m² to £5.9K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£305K04/230 mi38, Ealing Close, Chatham, Medway ME5 8YJ3
£317K04/210.05 mi27, Kingston Crescent, Chatham, Medway ME5 8YQ3
£215K02/210.11 mi90, Bromley Close, Chatham, Medway ME5 8YP3
£265K03/210.13 mi173, Kingston Crescent, Chatham, Medway ME5 8YZ3
£265K10/210.14 mi10, Camden Close, Chatham, Kent ME5 8YF3
£315K03/210.15 mi15, Merton Close, Chatham, Medway ME5 8YX3
£360K02/230.19 mi4, Hall Road, Chatham, Medway ME5 8PL3
£320K04/210.19 mi4, Scotby Avenue, Chatham, Medway ME5 8EP3
£302K09/210.2 mi23, Wetheral Drive, Chatham, Medway ME5 8ES3
£345K07/230.2 mi37, Wetheral Drive, Chatham, Medway ME5 8ES3
£300K04/230.21 mi47, Prince Charles Avenue, Chatham, Medway ME5 8EY3
£335K12/200.21 mi55, Prince Charles Avenue, Chatham, Medway ME5 8EY3
£355K11/210.22 mi2, Rothervale, Chatham, Medway ME5 8PN3
£275K12/200.22 mi18, Ballens Road, Chatham, Medway ME5 8NS3
£270K11/210.28 mi168, Sundridge Drive, Chatham, Medway ME5 8HG3
£290K08/230.28 mi14, Sundridge Drive, Chatham, Medway ME5 8HE3
£246K09/210.28 mi7, Sundridge Drive, Chatham, Medway ME5 8HE3
£425K04/230.29 mi20, Coombe Close, Chatham, Medway ME5 8NU3
£300K07/230.31 mi11, Bilsington Close, Chatham, Medway ME5 7NE3
£270K03/230.31 mi3, Bilsington Close, Chatham, Medway ME5 7NE3
£240K09/210.32 mi149, Sundridge Drive, Chatham, Medway ME5 8JE3
£380K03/230.33 mi342a, Lords Wood Lane, Chatham, Medway ME5 8JT3
£340K11/210.34 mi8, Tyne Close, Chatham, Medway ME5 8JQ3
£345K11/200.34 mi328, Lords Wood Lane, Chatham, Kent ME5 8JT3
£350K04/230.35 mi12, Smith Road, Chatham, Medway ME5 8DR3
£315K02/210.36 mi14, Ashmead Close, Chatham, Medway ME5 8NY3
£285K01/210.36 mi4, Ashmead Close, Chatham, Medway ME5 8NY3
£260K10/210.37 mi127, Princes Avenue, Chatham, Kent ME5 8AX3
£235K12/200.37 mi133, Princes Avenue, Chatham, Medway ME5 8AX3
£337.5K02/230.37 mi142, Sundridge Drive, Chatham, Medway ME5 8JD3
£297K02/230.37 mi114, Sundridge Drive, Chatham, Medway ME5 8JD3
£349K03/210.38 mi6, Downland Walk, Chatham, Medway ME5 8AF3
£370K07/230.38 mi33, Wittersham Close, Chatham, Medway ME5 7NA3
£282.5K03/230.38 mi41, Wittersham Close, Chatham, Medway ME5 7NA3
£280K11/210.38 mi63, Winchelsea Road, Chatham, Kent ME5 7LT3
£250K03/210.39 mi43, Stag Road, Chatham, Medway ME5 8LG3
£285K09/210.39 mi25, Stag Road, Chatham, Kent ME5 8LG3
£270K12/200.39 mi60, Courtfield Avenue, Chatham, Medway ME5 8QR3
£260K03/210.39 mi40, Courtfield Avenue, Chatham, Medway ME5 8QR3
£287K03/210.4 mi9, Peacock Rise, Chatham, Medway ME5 8RN3
£300K12/200.4 mi10, Peacock Rise, Chatham, Medway ME5 8RN3
£340K01/230.41 mi11, Savage Road, Chatham, Medway ME5 8DY3
£245K02/210.42 mi141, Sundridge Drive, Chatham, Medway ME5 8JE3
£385K03/210.44 mi4, Stanley Road, Chatham, Medway ME5 8LN3
£265K04/210.45 mi52, Sussex Drive, Chatham, Medway ME5 0NP3
£475K05/210.46 mi21, Darenth Rise, Chatham, Medway ME5 8QU3
£310K02/230.46 mi12, Darenth Rise, Chatham, Medway ME5 8QU3
£287.5K05/210.46 mi53, Gatcombe Close, Chatham, Medway ME5 7RD3
£300K11/200.46 mi3, Gatcombe Close, Chatham, Kent ME5 7RD3
£320K04/210.47 mi12, Hillborough Grove, Chatham, Medway ME5 8JA3

Local Rents

16 rents from £1.2K/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,55006/240.11 miBromley Close, Chatham, Kent, ME53
£1,70003/250.14 mi-3
£2,00012/240.32 mi-3
£1,55001/250.34 mi-3
£1,55012/240.35 mi-3
£1,20007/240.36 miAdmirals Walk, Lordswood, ME53
£1,40005/240.41 mi-3
£1,40006/240.42 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,40006/240.42 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,40007/240.42 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,40007/240.42 miSundridge Drive, Walderslade, Chatham, Kent, ME53
£1,50005/240.5 miChristie Close , Chatham , Kent 3
£1,40007/240.51 miSussex Drive, Chatham , Kent 3
£1,60001/250.58 mi-3
£1,35005/240.61 miHalifax Close Chatham ME53
£1,80001/250.61 mi-3

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

1.64 miles away

Nearest school

0.40 miles away

Nearest train station

2.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £180,000

March 28, 2025

Description

  • AUCTION SALE +
  • 15 April 2025 +
  • EPC Rating - C +
  • To view: 4/4, 7/4, 10/4, 12/4 at 3pm +

SUMMARY
AUCTION SALE 15 April 2025 - Freehold terrace house
Full vacant possession

DESCRIPTION
Freehold terrace house
Full vacant possession

Video Tour: Click Here

Location:
The property is situated on Ealing Close. Public transport links are well provided with Chatham Railway Station, together with a network of local bus services serving the surrounding vicinity. Shopping amenities can be found locally with a further range of shops, bars and restaurants in Chatham, Rochester and Gillingham. Local recreational pursuits include Lordswood Leisure Centre and Horsted Valley Park and Garden.

Accommodation:
First floor: Three bedrooms, bathroom
Ground floor: Entrance hall, reception room, kitchen/dining room, WC
Outside: Front and rear garden

EPC Rating: C

Council Tax Band: B

To view: 4/4, 7/4, 10/4, 12/4 at 3pm
No booking required - Please arrive at the time stated

Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Hammersmith Auctions

020 3866 9305

Next Steps?

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