2 Bed Flat, Single Let, Chatham, ME5 8RW, £260,000

Weybridge Close, Lords Wood, Chatham, Kent, ME5 8RW - 3 months ago

Sold STC
BTL
ROI: 1%
~73 m²
+6 photos

ValuationOvervalued

Sold Prices£115K - £290K
Sold Prices/m²£1.7K/m² - £3.7K/m²

 

 

Square Metres

~72.80 m²
Price/m²£3.6K/m²

Value Estimate

£225,680

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£17,200

Total Cash In

£82,200

 

 

Cash Out

 

Rent Range

£1,100 - £1,500

Rent Estimate

£1,138

Running Costs/mo

£1,060

Cashflow/mo

£78

Cashflow/yr

£935

ROI

1%

Gross Yield

5%

Local Sold Prices

22 sold prices from £115K to £290K, average is £191.5K. £1.7K/m² to £3.7K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£115K10/220.31 mi35, Scotby Avenue, Chatham, Medway ME5 8ER2
£190K10/210.35 mi29, Goad Avenue, Chatham, Medway ME5 8DT2
£210K06/230.4 mi5, Beeching Road, Chatham, Medway ME5 8DX2
£193K08/210.42 mi27, Smith Road, Chatham, Medway ME5 8DR2
£205K11/220.42 mi13, Smith Road, Chatham, Medway ME5 8DR2
£149K08/210.5 mi13, Huckleberry Close, Chatham, Medway ME5 8EB2
£210K06/230.52 mi8, Cooper Road, Chatham, Medway ME5 8DH2
£222K02/230.57 mi6, Cooper Road, Chatham, Medway ME5 8DH2
£206K04/230.63 mi51, Duchess Of Kent Drive, Chatham, Medway ME5 8DD2
£186K09/210.63 mi39, Duchess Of Kent Drive, Chatham, Medway ME5 8DD2
£197K08/210.63 mi67, Duchess Of Kent Drive, Chatham, Kent ME5 8DD2
£220K10/220.63 mi54, Duchess Of Kent Drive, Chatham, Medway ME5 8DD2
£180K09/220.63 mi60, Duchess Of Kent Drive, Chatham, Medway ME5 8DD2
£190K06/210.65 mi4, Hornbeam Avenue, Chatham, Medway ME5 8DB2
£214K03/230.65 mi6, Hornbeam Avenue, Chatham, Medway ME5 8DB2
£220K11/220.69 mi151, Dargets Road, Chatham, Medway ME5 8DA2
£175K10/210.71 mi5, Kellaway Road, Chatham, Medway ME5 8BY2
£175K07/210.72 mi26, Farley Close, Chatham, Medway ME5 8UE2
£190K07/230.82 mi14, Tatler Close, Chatham, Medway ME5 8XH2
£186K10/200.82 mi15, Tatler Close, Chatham, Medway ME5 8XH2
£128K02/210.89 mi14, Hamwick Green, Chatham, Medway ME5 8TW2
£290K12/210.96 miFlat 1, Gleneagles Court, Mafeking Road, Walderslade, Chatham, Kent ME5 9HG2

Local Rents

15 rents from £1.1K/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25002/250.1 mi-2
£1,30005/240.25 miRothervale, Chatham, Kent, ME52
£1,10005/240.35 miStag Road, Chatham, Kent, ME52
£1,29503/250.35 mi-2
£1,25007/240.39 miBrenzett Close, Chatham, ME52
£1,25007/240.39 miBrenzett Close, Chatham, ME52
£1,25007/240.39 miBrenzett Close, Chatham, ME52
£1,25007/240.39 mi-2
£1,35003/250.51 mi-2
£1,20004/250.51 mi-2
£1,50005/240.51 miDarenth Rise, Lordswood, Chatham2
£1,40001/250.55 mi-2
£1,15007/240.58 miIllustrious Close, Chatham2
£1,10006/240.59 miResolution Close, Chatham, Kent, ME52
£1,20001/250.6 mi-2

Local Area Statistics

Population in ME5

51,764

Population in Chatham

82,044

Town centre distance

1.63 miles away

Nearest school

0.40 miles away

Nearest train station

2.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £260,000

January 21, 2025

Floor Plans

Description

Welcome to a world of luxury. This apartment, is a brand new build with a high specification finish and a 10-year warranty to boot. You'll adore the well-designed open-plan reception room, flooded with natural light from the large windows and offering a tranquil garden view. Perfect for families or couples, this property boasts two generously sized double bedrooms, providing ample space for relaxation also benefiting having built in wardrobes for added convenience.

The property is fitted with a modern kitchen equipped with top-of-the-range appliances and bathed in natural light for a pleasant cooking experience. The bathroom is a slice of paradise with a rain shower and a separate shower, for those times where you just need a quick refresh.

Nestled in a quiet location with convenient public transport links, local amenities, and nearby schools, it provides the perfect balance of tranquillity and accessibility. Unique features like parking and a lush garden add further appeal to this already attractive package. This is not just a flat, but a lifestyle waiting for you to embrace.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

WAL240123/2

Agent Details

Your Move, Walderslade

01634 563742

Next Steps?

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