17 Croft Close, Chatham, Kent, ME5 8TT

Description

Freehold semi detached house

Accommodation

First floor: Three bedrooms, bathroom/wc. Ground floor: Reception room, kitchen, wc. Outside: Driveway and garden.

Location

The property is located on Croft Close. Shopping amenities can be found locally within Chatham Town Centre. Public transport links are available at Chatham Train Station and Gillingham Train Station, both lying to the north, along with a network of local bus services serving the surrounding areas. The property is served by road links including the M2 to the south and A229 to the west. Recreational pursuits can be found within Capstone Farm Country Park to the north east.

Tenure / Property Information

Investment Analysis

The evidence includes a historical sale of the subject property at £238,500 in April 2015, plus same-street semi-detached sales from £219,000 to £315,000 between 2014 and 2017. These transactions are dated and no current comparable evidence, floor area or condition information is supplied. A provisional evidence-led base GDV of £238,500 is therefore used, with £219,000 as a low historical scenario and £315,000 as a high historical scenario; these are not formal current valuations.

Investment Snapshot

Strategy Recommendation

Potentially suitable for buy-to-let at or near the guide if inspection confirms acceptable condition and local achieved rent supports the advertised range. Do not rely on the historical GDV or bid aggressively without current valuation, full legal review and confirmation of all special-condition fees.

Works Required

No specific defects or required works are evidenced. Obtain a full inspection and confirm the condition of the kitchen, bathroom, WC, decoration, services, roof, windows, heating, driveway and garden before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the historical subject sale as a provisional £238,500 base GDV, 75% refinance would be approximately £178,875. A complete BRRR calculation cannot be established because refurbishment cost, total acquisition cost, finance costs and current market value are not evidenced. The £1,800 buyer administration charge is known, while seller special-condition fees may also apply.

Buy-to-Let Analysis

Advertised asking rents for three-bedroom houses in Chatham are £1,350-£1,500 pcm, equating to £16,200-£18,000 annually. Against the £200,000 guide, the indicative gross yield is approximately 8.1%-9.0% before finance, maintenance, voids, management, insurance, tax and acquisition costs. Passing rent is not evidenced and the rent listings are asking rents only. The BTL case is potentially attractive at the guide, subject to inspection and achieved-rent verification.

Flip Analysis

The historical evidence provides a provisional GDV range of £219,000-£315,000, but the sales are from 2014-2017 and cannot reliably establish a current resale value. No refurbishment budget, finance cost, selling cost or supported selling allowance is available, so a reliable flip surplus and maximum bid cannot be calculated.

Investor Risks & Due Diligence

• Historical comparable sales are dated 2014-2017 and may not represent current market value.

• No condition or refurbishment information is supplied, preventing a reliable works budget.

• Rental evidence comprises advertised asking rents rather than achieved or passing rents.

• Parking and heating details require confirmation from the auction centre.

• Seller special-condition fees may be payable but are not disclosed in the supplied evidence.

• Finance, maintenance, void, management, insurance, tax and selling costs are not supplied.

Recommendation

Potentially suitable for buy-to-let at or near the guide if inspection confirms acceptable condition and local achieved rent supports the advertised range. Do not rely on the historical GDV or bid aggressively without current valuation, full legal review and confirmation of all special-condition fees.

Strategy Rating

Analysis Confidence

The property description, tenure, guide, buyer charge, historical subject sale, same-street sales and asking-rent evidence are supplied, but the valuation evidence is dated and there is no condition report, refurbishment budget, current comparable evidence, achieved rent, occupancy information or seller-fee detail.