17 Regent Road, Gillingham, Kent

Description

A Vacant Three Bedroom Mid Terrace House in Need of Refurbishment. The property comprises a three bedroom mid terrace house arranged over ground and first floors. By Order of the Executors.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen, Utility Room. First Floor: Three Bedrooms, Bathroom. Exterior: Rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Gillingham Park are within easy reach. Transport links are provided by Rochester rail station.

Tenure / Property Information

Investment Analysis

The five supplied same-road freehold terraced sales range from £190,000 to £260,000. The most recent sale was £240,000 on 24 October 2025, providing the strongest direct evidence. A base GDV of £240,000 is used, with a low scenario of £225,000 and high scenario of £260,000. The property is stated to need refurbishment, but no quantified scope or cost is supplied. The £145,000+ guide is £95,000 below the base GDV before refurbishment, the £1,800 admin charge, buyer premium and other possible auction costs.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal-pack review, inspection and a firm refurbishment quotation. The guide-to-GDV spread may support a refurbishment-led resale or refinance, but the missing works budget and auction costs make a firm bid or strategy recommendation premature.

Works Required

Refurbishment is required, but the evidence does not specify the defects, finish standard or work scope. Obtain a survey and contractor quotations before budgeting for internal, kitchen, bathroom, services and external works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £145,000 guide, the property has a potential value uplift against the £240,000 base GDV, but the refurbishment budget and full acquisition cost are unknown. A 75% refinance assumption on the base GDV gives £180,000; cash left in cannot be calculated reliably without works and all purchase costs. The refinance outcome is also subject to lender valuation, condition and affordability criteria.

Buy-to-Let Analysis

The supplied rental evidence is a £1,450 pcm advertised asking rent, not an achieved or guaranteed rent. This equates to £17,400 annually and a gross yield of 12.00% against the £145,000 guide, before refurbishment, finance, voids, management, maintenance and auction costs. Yield on total cost cannot be established because refurbishment costs and other purchaser costs are unknown.

Flip Analysis

The base resale value indication is £240,000, supported by the most recent same-road sale, with supplied evidence ranging from £225,000 to £260,000 for the selected scenarios. A flip surplus cannot be calculated because refurbishment costs, buyer premium, other auction disbursements and selling costs are not quantified.

Investor Risks & Due Diligence

• Refurbishment is confirmed but its scope and cost are unknown.

• The rental figure is an advertised asking rent rather than achieved or guaranteed rent.

• Buyer premium and additional auction, legal and disbursement costs are unknown.

• The GDV scenarios rely on a small set of same-road comparables with varying sale dates and prices.

• The property is vacant, so there is no evidence of passing rent or existing tenancy income.

• Refinance at 75% of GDV is an assumption and is subject to lender valuation, condition and underwriting.

Recommendation

Proceed only subject to legal-pack review, inspection and a firm refurbishment quotation. The guide-to-GDV spread may support a refurbishment-led resale or refinance, but the missing works budget and auction costs make a firm bid or strategy recommendation premature.

Strategy Rating

Analysis Confidence

Direct same-road sold comparables and one asking-rent listing are available, but condition, refurbishment costs, EPC, services, legal-pack disbursements, buyer premium and other acquisition costs are not supplied.