2 Bed Terraced House, Single Let, Chatham, ME5 7LJ, £200,000

Luton High Street, Chatham, Kent, ME5 7LJ - 2 views - 23 days ago

BTL
ROI: 4%
~68 m²
+3 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£205,685
BMV3%

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

£1,050 - £2,050

Rent Estimate

£1,100

Running Costs/mo

£865

Cashflow/mo

£235

Cashflow/yr

£2,820

ROI

4%

Gross Yield

7%

Local Sold Prices

52 sold prices from £140K to £369.8K, average is £219.3K. £1.7K/m² to £5.2K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£177.5K01/210.06 mi11, Capstone Road, Chatham, Medway ME5 7NH2
£220K06/230.1 mi10, Kings Road, Chatham, Medway ME5 7JY2
£220K06/230.1 mi10, Kings Road, Chatham, Medway ME5 7JY2
£227.5K04/230.13 mi41, Queens Road, Chatham, Medway ME5 7JS2
£198K11/230.15 mi33, First Avenue, Chatham, Medway ME4 5AT2
£165K01/210.18 mi401, Luton Road, Chatham, Medway ME4 5BH2
£153K06/210.18 mi405, Luton Road, Chatham, Medway ME4 5BH2
£230K11/200.18 mi63, Settington Avenue, Chatham, Kent ME5 0AG2
£220.5K06/210.18 mi89, Settington Avenue, Chatham, Medway ME5 0AG2
£245K06/210.18 mi57, Settington Avenue, Chatham, Medway ME5 0AG2
£257.5K12/220.18 mi53, Settington Avenue, Chatham, Medway ME5 0AG2
£210K05/230.2 mi13, Coronation Road, Chatham, Medway ME5 7DD2
£210K04/210.24 mi17, Bracken Lea, Chatham, Medway ME5 0BZ2
£220K08/210.24 mi20, Bracken Lea, Chatham, Medway ME5 0BZ2
£170K01/210.24 mi6, Edinburgh Road, Chatham, Kent ME4 5BY2
£165K03/210.26 mi359, Luton Road, Chatham, Medway ME4 5BJ2
£235K01/230.28 mi6, Stonecross Lea, Chatham, Medway ME5 0BL2
£232.5K03/230.28 mi17, Stonecross Lea, Chatham, Medway ME5 0BL2
£230K01/230.29 mi64, Connaught Road, Chatham, Medway ME4 5DH2
£197.5K05/210.29 mi23, Upper Luton Road, Chatham, Medway ME5 7BH2
£157K11/200.29 mi83, Connaught Road, Chatham, Medway ME4 5DH2
£220K03/210.3 mi9, Stonecross Lea, Chatham, Medway ME5 0BL2
£218K02/240.35 mi19, Alfred Close, Chatham, Medway ME4 5EE2
£270K04/230.36 mi46, Rowan Lea, Chatham, Medway ME5 0BQ2
£267K06/230.37 mi57, Crestway, Chatham, Medway ME5 0BD2
£180K01/210.39 mi271, Luton Road, Chatham, Kent ME4 5BN2
£230K05/230.41 mi82, Victoria Road, Chatham, Medway ME4 5EU2
£227K01/230.42 mi18, Eva Road, Gillingham, Medway ME7 5NE2
£240K05/230.43 mi25, Grove Road, Chatham, Medway ME4 5HS2
£242.5K05/210.45 mi35, Shanklin Close, Chatham, Medway ME5 7QL2
£232.5K06/210.45 mi38, Shanklin Close, Chatham, Medway ME5 7QL2
£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
£260K11/220.48 mi131, Shakespeare Road, Gillingham, Medway ME7 5QB2
£214.4K01/230.49 mi59, St Johns Road, Gillingham, Medway ME7 5QE2
£218.5K06/230.5 mi22, Dagmar Road, Chatham, Medway ME4 5HB2
£140K03/240.5 mi10, Victoria Road, Chatham, Medway ME4 5EY2
£140K03/240.5 mi10, Victoria Road, Chatham, Medway ME4 5EY2
£205K03/210.51 mi2b, Tennyson Road, Gillingham, Medway ME7 5QD2
£230K10/210.51 mi7, Tennyson Road, Gillingham, Medway ME7 5QD2
£270K01/230.53 mi14, Bankside, Chatham, Medway ME5 0BY2
£210K10/230.53 mi7, Castle Road, Chatham, Medway ME4 5HG2
£155K06/210.54 mi79, Castle Road, Chatham, Medway ME4 5HX2
£167K09/210.54 mi84, Castle Road, Chatham, Medway ME4 5HX2
£225K12/220.54 mi92, Castle Road, Chatham, Medway ME4 5HX2
£178K01/210.54 mi26, Grange Hill, Chatham, Medway ME5 7AH2
£175K03/210.54 mi17, Grange Hill, Chatham, Medway ME5 7AH2
£212.5K04/230.55 mi160, Castle Road, Chatham, Medway ME4 5HY2
£180K02/240.55 mi116, Castle Road, Chatham, Medway ME4 5HY2
£369.8K08/210.56 mi13, Rowland Avenue, Gillingham, Medway ME7 3DL2
£290K06/210.57 mi63, Holmside, Gillingham, Medway ME7 4BG2

Local Rents

48 rents from £1.1K/mo to £2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,15007/240.2 miUpper Luton Road, Chatham, Kent, ME52
£1,20005/240.2 miUpper Luton Road, Chatham, Kent, ME52
£1,20006/240.2 miUpper Luton Road, Chatham, Kent, ME52
£1,20007/240.2 miWard View, Chatham, 2
£1,30006/240.23 miEdinburgh Road, Chatham, Kent, ME42
£1,25007/240.29 mi-2
£1,25007/240.29 miStonecross Lea, Chatham, ME52
£1,40003/250.3 mi-2
£1,25006/240.36 miChatham Hill, Chatham, ME52
£1,25007/240.36 miChatham Hill, Chatham, ME52
£1,25007/240.36 mi-2
£1,20005/240.37 miChatham Hill, Chatham, Kent, ME52
£1,10005/240.37 miChatham Hill, Chatham2
£1,05006/240.39 mi-2
£1,05006/240.39 mi-2
£1,05006/240.39 mi-2
£1,41012/240.42 mi-2
£1,20008/240.44 mi-2
£1,30005/240.44 miShanklin Close, Chatham, Kent, ME52
£1,25002/250.45 mi-2
£1,20007/240.46 miShanklin Close, Chatham, Kent, ME52
£1,10005/240.46 miVictoria Road, Chatham2
£1,05005/240.47 miLuton Road, Chatham2
£1,25006/240.47 miImperial Road, Gillingham2
£1,30006/240.48 miMilton Road, Gillingham2
£1,10001/240.49 mi-2
£1,35012/240.49 mi-2
£1,15008/240.5 mi-2
£1,15007/240.5 miConstitution Road, Chatham, ME52
£1,15007/240.5 miConstitution Road, Chatham, ME52
£1,20003/240.51 miWatling Street,Gillingham,ME72
£1,30012/240.51 mi-2
£1,35007/240.53 mi-2
£1,25004/250.54 mi-2
£1,45007/240.54 mi-2
£1,45007/240.54 miCastle Road, Chatham, ME42
£1,40006/240.55 mi-2
£1,35005/240.55 mi-2
£1,40004/250.55 mi-2
£1,20005/240.56 miThorold Road, Chatham, Kent, ME52
£1,32504/250.56 mi-2
£1,20006/240.57 miGordon Road, Chatham2
£1,15006/240.57 miGordon Road, Chatham2
£2,05004/240.58 mi-2
£1,30008/240.58 miGordon Road Chatham ME42
£1,15007/240.59 miGordon Road, CHATHAM2
£1,45005/240.61 mi-2
£1,35004/250.61 mi-2

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

0.83 miles away

Nearest school

0.20 miles away

Nearest train station

1.19 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

April 3, 2025

Description

  • Close to public transport +
  • Double glazing +
  • Shops and amenities nearby +
  • Garden +
  • Internal viewing highly recommended +
  • NO forward chain +
  • Two bedrooms and two reception rooms +
  • desirable location. +
  • Good bus links to local train stations +
  • combi boiler installed 1 year ago +

Purple Property are proud to introduce this charming 2bedroom, 2-bathroom house located on Luton High Street, Chatham, ME5 7.

This delightful property is now available for sale, offering a perfect blend of comfort, convenience, and modern living. Priced at £200,000, this house is a fantastic opportunity for first-time buyers, young families, or savvy investors seeking a promising residential investment.

Boasting a desirable location, this property is just a stone's throw away from popular amenities, schools and public transport making it an ideal choice for those seeking a vibrant and well-connected community.

This inviting home features two bedrooms, two reception rooms, and two bathrooms/shower rooms, providing ample space for comfortable living. The property also benefits from a garden, double glazing, and a combi-boiler and gas cooker installed only a year ago, ensuring both warmth and efficiency.

With NO forward chain, this house is ready to become your new home without delay.

Convenience is key, with good bus links to local train stations, including Gillingham, Chatham, and Rochester, making commuting a breeze. The property is also within close proximity to several popular schools, including Luton Infant & Nursery School (0.32km), Luton Junior School (0.33km), and Chatham Grammar School For Girls (0.48km), ensuring quality education is within easy reach.

In addition, residents will enjoy the proximity to a range of supermarkets such as Premier (0.44km), Tesco Stores (0.7km), and Co-op (0.93km).

Furthermore, this property is conveniently located near Medway Hospital, various doctors' offices, pharmacies and fitness clubs, offering the ultimate in convenience and accessibility. For leisure and entertainment, the Pentagon Shopping Centre (1.55km), Odeon Cinema (3.66km), and Kings Theatre (1.61km) are just a short distance away, providing endless options for relaxation and enjoyment.

With its prime location and abundance of amenities, this house presents an exceptional opportunity to embrace a prosperous and vibrant lifestyle. Don't miss out on making this wonderful property your new home. Schedule an internal viewing today and take the first step towards securing a bright future in this thriving community.

Double glazed door to

Lounge - 3.7 x 3.7 Double glazed bay window to front, radiator, laminate flooring

Dining room - 3.1 x 3.7 Double glazed window to rear, radiator, cupboard

Kitchen - 3.1 x 2 Double glazed window to side, range of floor to wall units, gas oven with extractor, 1 1/2 sink, boiler, plumbing for washing machine, tiled floor

Rear lobby - Double glazed door to rear, tiled floor

Shower room - Enclosed shower, w/c, sink, splash tiling, radiator, tiled floor

Landing -

Bedroom1 3.65 x 3.1 Double glazed window to front x2, radiator, carpet as laid

Bedroom2 3.65 x 3.1 Double glazed window to rear, radiator, carpet as laid, door to

Bathroom - Double glazed window to rear, open roll top bath with shower attachment , w/c, sink, radiator, vinyl flooring

Garden - Patio, Lawn

Agent Details

Purpleproperty, Gillingham

01634 563676

Next Steps?

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