216 Chatham Hill, Chatham, Medway, ME5 7BB

Description

A Vacant Three Bedroom Mid Terrace House. Potential for a Loft Extension (Subject to Obtaining all Relevant Consents). The property comprises a three bedroom mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Two Reception Rooms; Kitchen. First Floor: Three Bedrooms; Bathroom. Exterior: Front and rear gardens.

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 Chatham rail station.

Tenure / Property Information

Investment Analysis

The strongest evidence is the same property’s completed sale at £182,500 on 14 July 2026. Other same-street terraced comparables range from £185,000 to £287,500, indicating substantial variation that may reflect differences in size, condition or specification not supplied here. A conservative base GDV of £182,500 is therefore used, with a supported higher scenario of £220,000 based on the £220,000 same-street sale. The stated loft-extension potential is subject to consents and is not included in the base valuation.

Investment Snapshot

Strategy Recommendation

Potentially investigate as a buy-to-let at the guide price, subject to survey, legal-pack review and confirmation that total costs remain acceptable. Do not underwrite a loft-extension or flip strategy without consents, condition information and verified costs.

Works Required

No defects or condition issues are evidenced, so refurbishment cannot be costed. Obtain a full survey and assess only evidenced requirements. Investigate the stated loft-extension potential separately, subject to all relevant consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £140,000 guide, the property would require purchase, condition and works costs that are not evidenced. Refinancing at 75% of the £182,500 base GDV indicates £136,875 gross refinance proceeds, but cash left in or released cannot be calculated without a supported total project cost.

Buy-to-Let Analysis

The advertised asking rent is £1,000 pcm, producing annual rent of £12,000 and a gross yield of approximately 8.57% against the £140,000 guide price. This excludes the £1,800 administration charge, any disbursements, finance, maintenance, voids, management, tax and unknown works, so the net return cannot be established.

Flip Analysis

A flip assessment cannot be reliably quantified because condition, refurbishment costs, acquisition costs beyond the stated administration charge, finance costs and selling costs are not supplied. The base GDV is £182,500, with a higher evidence-based scenario of £220,000, but no flip surplus is calculated.

Investor Risks & Due Diligence

• The property’s condition and any required works are not evidenced.

• The £1,000 pcm figure is an advertised asking rent, not an achieved or passing rent.

• The loft-extension potential is subject to obtaining all relevant consents and is not valued in the base case.

• The £1,800 administration charge applies, with possible additional legal-pack disbursements.

• Comparable completed sales vary materially from £182,500 to £287,500, reducing valuation certainty.

• EPC, council tax, parking and heating information are not supplied.

Recommendation

Potentially investigate as a buy-to-let at the guide price, subject to survey, legal-pack review and confirmation that total costs remain acceptable. Do not underwrite a loft-extension or flip strategy without consents, condition information and verified costs.

Strategy Rating

Analysis Confidence

There is strong direct-sale evidence for the same property and one rental asking-rent indication, but condition, EPC, operating costs, refurbishment costs, legal disbursements and several property details are unavailable.