2 Bed Flat, Single Let, Chatham, ME4 4ZH, £190,000

Marina Point East, The Quays, Dock Head Road, Chatham, Kent. ME4 4ZH - 3 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£130K - £293K
Sold Prices/m²£2.5K/m² - £5.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£231,800
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Total Cash In

£54,400

 

 

Cash Out

 

Rent Range

£1,250 - £1,850

Rent Estimate

£1,259

Running Costs/mo

£866

Cashflow/mo

£393

Cashflow/yr

£4,721

ROI

9%

Gross Yield

8%

Local Sold Prices

22 sold prices from £130K to £293K, average is £208.8K. £2.5K/m² to £5.9K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£265K06/210.22 mi18, Marine View, St Marys Island, Chatham, Medway ME4 3LA2
£293K12/220.26 mi44, Sandling Way, St Marys Island, Chatham, Medway ME4 3SB2
£212.5K12/230.3 mi29, Watersmeet, St Marys Island, Chatham, Medway ME4 3HB2
£205K03/230.3 mi20, Watersmeet, St Marys Island, Chatham, Medway ME4 3HB2
£165K08/230.33 mi51, Watersmeet, St Marys Island, Chatham, Medway ME4 3HD2
£235K01/230.33 mi74, Watersmeet, St Marys Island, Chatham, Medway ME4 3HD2
£187K01/210.47 mi80, Island Way East, St Marys Island, Chatham, Medway ME4 3JY2
£255K04/210.51 mi32, Little Victory Mount, St Marys Island, Chatham, Medway ME4 3TB2
£222K01/210.56 mi7, Marc Brunel Way, Chatham, Medway ME4 4BH2
£195K06/210.56 mi9, Marc Brunel Way, Chatham, Medway ME4 4BH2
£225K09/210.57 mi34, Goldcrest Drive, St Marys Island, Chatham, Medway ME4 3RN2
£220K12/230.57 mi44, Goldcrest Drive, St Marys Island, Chatham, Medway ME4 3RN2
£195K06/210.6 mi35, College Road, Chatham, Medway ME4 4JS2
£220K06/210.6 mi44, College Road, Chatham, Medway ME4 4JS2
£252K06/210.61 mi41, Phalarope Way, St Marys Island, Chatham, Medway ME4 3JN2
£172.5K12/210.89 miFlat 3, Aylmer Court, Saunders Street, Gillingham, Medway ME7 1HX2
£200K01/230.89 miFlat 3, Aylmer Court, Saunders Street, Gillingham, Medway ME7 1HX2
£170K08/210.89 miFlat 16, Conway Hall, Conway Mews, Brompton, Gillingham, Kent ME7 5BD2
£200K07/230.94 mi11, Searchlight Heights, Chattenden, Rochester, Medway ME3 8NF2
£203K01/240.94 mi17, Searchlight Heights, Chattenden, Rochester, Medway ME3 8NF2
£240K08/230.95 miFlat 90, Peninsula Quay, Pegasus Way, Gillingham, Medway ME7 1GL2
£130K03/210.97 miFlat 23, Camborne Manor, Cross Street, Gillingham, Kent ME7 1JX2

Local Rents

40 rents from £1.3K/mo to £1.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,60007/240 mi-2
£1,39008/240 miChatham Quays, Dock Head Road, Chatham2
£1,25005/240.01 miChatham Quays, Dock Head Road, Chatham, Kent, ME42
£1,40006/240.01 miDock Head Road, Chatham, Kent, ME42
£1,30007/240.04 miThe Wharf, Chatham2
£1,35002/240.05 mi-2
£1,39008/240.05 mi-2
£1,47502/250.05 mi-2
£1,39006/240.05 miMarina Point West, Chatham, ME42
£1,40008/240.05 mi-2
£1,39505/240.05 miDock Head Road, CHATHAM2
£1,39007/240.1 mi-2
£1,39007/240.1 miThe Wharf, Chatham, ME42
£1,39007/240.1 miThe Wharf, Chatham, ME42
£1,39007/240.1 miThe Wharf, Chatham, ME42
£1,40005/240.11 miQuayside, Chatham Maritime, Chatham, Kent, ME42
£1,42506/240.11 miQuayside, Chatham Maritime, Chatham, Kent, ME42
£1,35008/240.11 miQuayside, Chatham Maritime, Chatham, Kent, ME42
£1,35007/240.11 miQuayside, Chatham Maritime, Chatham, Kent, ME42
£1,27502/240.17 mi-2
£1,85007/240.18 miRipplewaters, St.Marys Island, Rochester, Kent, ME42
£1,75003/250.24 mi-2
£1,75003/250.24 mi-2
£1,45007/240.24 miStarboard Crescent, Chatham, Kent, ME42
£1,45007/240.24 miStarboard Crescent, Chatham2
£1,45007/240.24 miStarboard Crescent, Chatham2
£1,45003/240.24 miStarboard Crescent, Chatham, Kent, ME42
£1,45007/240.24 miStarboard Crescent, Chatham2
£1,30005/240.25 miPartridge Drive, st marys island2
£1,45005/240.28 miEastview, St. Marys Island, Chatham, Kent, ME42
£1,35005/240.3 miWatersmeet, St Mary`s Island, Chatham, Kent, ME42
£1,30006/240.3 miWatersmeet, St. Marys Island, Chatham, Kent, ME42
£1,25005/240.33 miWatersmeet, St Marys Island2
£1,50005/240.45 miTappan Drive, St. Marys Island, Chatham, Kent, ME42
£1,30006/240.48 miHenrietta Chase, St. Marys Island, Chatham, Kent, ME42
£1,25004/250.49 mi-2
£1,59505/240.5 miHenrietta Chase, St Marys Island, Chatham, Kent, ME42
£1,60007/240.5 miHenrietta Chase, St. Marys Island, ME42
£1,40005/240.51 miThe Causeway, Chatham2
£1,30005/240.6 miPrincess Mary Avenue, Chatham, ME42

Local Area Statistics

Population in ME4

30,244

Population in Chatham

82,044

Town centre distance

2.40 miles away

Nearest school

0.30 miles away

Nearest train station

1.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £190,000

October 1, 2024

Floor Plans

Description

  • SOUGHT-AFTER WATERSIDE DEVELOPMENT +
  • PANORAMIC RIVER VIEWS +
  • LOCATED ON THE FIRST FLOOR +
  • SECURE UNDERGROUND ALLOCATED PARKING +
  • FANTASTIC ACCESS TO TRANSPORT LINKS AND AMENITIES +
  • NO CHAIN +
  • MOVE IN READY +
  • ONSITE GYMS, SHOPS, RESTAURANTS AND BARS +

Convenient, contemporary and chain free are only a few ways to describe this larger than average two-double bedroom apartment, located in this tranquil Marina, moments away from an array of shops, restaurants, gyms and bars.

Situated on the 1st floor the property offers a spacious yet versatile open plan living area, with an offset fully fitted white gloss kitchen with black granite worktops, integrated appliances, including AEG oven & hob, fridge freezer, & dishwasher.

The double bedroom benefits from fitted wardrobes whilst maintaining the panoramic views. The family bathroom has been finished to a sleek yet stylish design offering a 3-piece suite, fully tiles with bath and overhead shower.

The Quays development is a gorgeous riverside development within easy reach of central London, with a direct service from Chatham to Victoria, Charing Cross and Cannon Street stations. The Ebbsfleet international links offer journey times of 17 minutes from Ebbsfleet to Kings Cross, St Pancras International. The A2, M2, M25 and M20 motorways are all within close proximity, via the A289.

Call today to arrange your private tour.

Leasehold 123 years
Ground rent £300.00 per annum
Council tax band E
EPC band C
Service charge £2,732.94 per annum Photos are for marketing purposes only.

EPC Rating: C

Agent Details

Moxy Property Consultants, Rochester

01634 563781

Next Steps?

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