2 Bed Flat, Single Let, Gillingham, ME7 5QX, £169,995

Estuary Reach, Pleasant Row, Gillingham, Kent, ME7 5QX - 2 views - 5 years ago

BTL

ROI: 8%

~78 m²

+5 photos

ValuationUndervalued

Sold Prices	£90K - £310K
Sold Prices/m²	£1.3K/m² - £5.1K/m²

Square Metres	~78.22 m²
Price/m²	£2.2K/m²
Value Estimate	£205,694£205,694
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£42,499£42,499
Stamp Duty & Legal Fees	£9,700£9,700
Total Cash In	£52,199£52,199

Cash Out
Rent Range	£1,099 - £1,850£1,099 - £1,850
Rent Estimate	£1,100
Running Costs/mo	£771£771
Cashflow/mo	£329£329
Cashflow/yr	£3,945£3,945
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

29 sold prices from £90K to £310K, average is £195K. £1.3K/m² to £5.1K/m², average is £3.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£170K	08/21	0.17 mi	Flat 16, Conway Hall, Conway Mews, Brompton, Gillingham, Kent ME7 5BD	-	-	2	Flat
£195K	06/21	0.23 mi	35, College Road, Chatham, Medway ME4 4JS	£3,590	54	2	Flat
£220K	06/21	0.23 mi	44, College Road, Chatham, Medway ME4 4JS	-	-	2	Flat
£222K	01/21	0.26 mi	7, Marc Brunel Way, Chatham, Medway ME4 4BH	£2,883	77	2	Flat
£195K	06/21	0.26 mi	9, Marc Brunel Way, Chatham, Medway ME4 4BH	£2,646	74	2	Flat
£202K	01/23	0.41 mi	Flat 66, The Eye, Barrier Road, Chatham, Medway ME4 4SD	-	-	2	Flat
£190K	08/21	0.42 mi	Flat 36, The Eye, Barrier Road, Chatham, Medway ME4 4SD	-	-	2	Flat
£195K	07/21	0.42 mi	Flat 17, The Eye, Barrier Road, Chatham, Medway ME4 4SD	-	-	2	Flat
£185K	05/21	0.68 mi	52b, High Street, Chatham, Medway ME4 4DS	-	-	2	Flat
£90K	11/22	0.7 mi	50a, High Street, Gillingham, Medway ME7 1AZ	£1,343	67	2	Flat
£172.5K	12/21	0.71 mi	Flat 3, Aylmer Court, Saunders Street, Gillingham, Medway ME7 1HX	-	-	2	Flat
£200K	01/23	0.71 mi	Flat 3, Aylmer Court, Saunders Street, Gillingham, Medway ME7 1HX	-	-	2	Flat
£130K	03/21	0.72 mi	Flat 23, Camborne Manor, Cross Street, Gillingham, Kent ME7 1JX	-	-	2	Flat
£166.5K	12/20	0.72 mi	Flat 14b, Spembley House, New Road Avenue, Chatham, Medway ME4 6BA	-	-	2	Flat
£152K	10/22	0.72 mi	Flat 4, Tintagel Manor, Skinner Street, Gillingham, Medway ME7 1LH	-	-	2	Flat
£175K	04/23	0.84 mi	4, Bingley Road, Rochester, Medway ME1 1BZ	£1,651	106	2	Flat
£120K	11/22	0.84 mi	Flat 1, Royal Oak House, Doust Way, Rochester, Medway ME1 1FF	-	-	2	Flat
£260K	10/23	0.9 mi	7, Five Bells Lane, Rochester, Medway ME1 1BW	£5,098	51	2	Flat
£217.5K	09/22	0.9 mi	Flat 64, Lyon Court, High Street, Rochester, Medway ME1 1HX	-	-	2	Flat
£215K	01/21	0.91 mi	Flat 35, Lyon Court, High Street, Rochester, Medway ME1 1HX	-	-	2	Flat
£185K	11/23	0.95 mi	30, Port Rise, Chatham, Medway ME4 6NQ	£4,022	46	2	Flat
£205K	08/23	0.95 mi	18, Port Rise, Chatham, Medway ME4 6NQ	-	-	2	Flat
£310K	10/22	0.95 mi	Flat 117, The Peninsula, Pegasus Way, Gillingham, Medway ME7 1GE	-	-	2	Flat
£165K	08/23	0.99 mi	51, Watersmeet, St Marys Island, Chatham, Medway ME4 3HD	£2,538	65	2	Flat
£235K	01/23	0.99 mi	74, Watersmeet, St Marys Island, Chatham, Medway ME4 3HD	£3,689	64	2	Flat
£212.5K	12/23	0.99 mi	29, Watersmeet, St Marys Island, Chatham, Medway ME4 3HB	£2,872	74	2	Flat
£205K	03/23	0.99 mi	20, Watersmeet, St Marys Island, Chatham, Medway ME4 3HB	£3,509	58	2	Flat
£293K	12/22	1 mi	44, Sandling Way, St Marys Island, Chatham, Medway ME4 3SB	£4,069	72	2	Flat
£185K	10/21	1 mi	Flat 3, Faraday House, High Street, Rochester, Medway ME1 1EZ	-	-	2	Flat

Local Rents

50 rents from £1.1K/mo to £1.9K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	05/24	0 mi	Pleasant Row, Gillingham	2	Flat
£1,099	05/24	0.03 mi	Flat , The Old Coal Yard, Westcourt Street, Gillingham	2	Flat
£1,200	12/24	0.11 mi	-	2	Flat
£1,500	06/24	0.12 mi	Brompton Hill Chatham ME4	2	Semi-Detached House
£1,500	07/24	0.12 mi	Brompton Hill Chatham ME4	2	Semi-Detached House
£1,500	05/24	0.13 mi	-	2	Flat
£1,500	04/25	0.13 mi	-	2	Flat
£1,400	01/25	0.16 mi	-	2	Terraced House
£1,300	05/24	0.17 mi	Commissiners Court, Chatham	2	Flat
£1,850	03/25	0.39 mi	-	2	Flat
£1,350	07/24	0.4 mi	Barrier Road, Chatham	2	Flat
£1,475	04/25	0.41 mi	-	2	Flat
£1,300	05/24	0.42 mi	Barrier Road, Chatham, Kent, ME4	2	Flat
£1,550	05/24	0.42 mi	The Eye, Barrier Road, Chatham, Kent, ME4	2	Flat
£1,450	05/24	0.42 mi	The Eye, Barrier Road, Chatham, Kent, ME4	2	Flat
£1,450	05/24	0.42 mi	The Eye, Barrier Road, Chatham, Kent, ME4	2	Flat
£1,400	05/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,450	05/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,400	05/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,500	05/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,450	05/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,400	05/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,550	05/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,500	05/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,400	05/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,495	05/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,595	06/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,595	06/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,595	06/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,595	06/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,595	06/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,595	06/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,595	06/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,645	07/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,595	07/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,595	07/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,595	07/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,595	07/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,595	07/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,595	07/24	0.44 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,650	01/25	0.46 mi	-	2	Flat
£1,550	05/24	0.46 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,550	05/24	0.46 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,550	05/24	0.46 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,550	05/24	0.46 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,450	05/24	0.46 mi	Whiffens Avenue Chatham ME4	2	Flat
£1,150	08/24	0.48 mi	Whiffens Avenue, Chatham	2	Flat
£1,300	05/24	0.56 mi	Princess Mary Avenue, Chatham, ME4	2	Flat
£1,525	07/24	0.6 mi	Medway Street Chatham ME4	2	Flat
£1,500	05/24	0.62 mi	High Street, Chatham, ME4	2	Flat

Local Area Statistics

Population in ME7	51,29351,293
Population in Gillingham	115,061115,061
Town centre distance	2.62 miles away2.62 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	0.84 miles away0.84 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+9%+9%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+20%+20%

Property History

Price changed to £169,995

February 28, 2025

Listed for £175,000

March 13, 2020

Floor Plans

Description

Investment For Landlords Only +
Two Bedroom +
Gated development +
Balcony +
Allocated Parking +

Phoenix Property Services are pleased to present this well presented two bedroom first floor duplex apartment in a popular gated development in Brompton within a short distance of Brompton High street with its local amenities including shops, supermarkets and schools and Chatham Dockside is a few minutes walk away. For commuters Chatham train station offering mainline trains to London is a short walk away. The accommodation comprises Private front door opening to entrance hall and stairs to the first floor landing which in turn has doors to lounge/kitchen, bathroom and bedroom with further stairs leading up to the master bedroom with en-suite. The added benefits with plenty of storage and stunning views from the lounge and master bedroom , balcony, allocated parking and electric gated entrance. EPC Rating C.
125 year lease from Jan 2004 ( Ground Rents £100.00 Per Annum, Service Charges for 2023-2024 were £2387.00 Per Annum)

Agent Details

Phoenix Property Services, Gillingham

01634 563337

Next Steps?

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

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