3 Belmont Road, Gillingham, Medway, ME7 5JB

Description

A Vacant Two Bedroom Mid Terrace House in Need of Refurbishment. The property comprises a two bedroom mid terrace house arranged over lower ground, ground and first floors.

Accommodation

Ground Floor: Cellar. Ground Floor: Two Reception Rooms, Kitchen. First Floor: Two Bedrooms, Bathroom. Exterior: The property benefits from a 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 Chatham rail station.

Tenure / Property Information

Investment Analysis

Recent same-road sales range from £184,000 to £230,000, with older sales up to £240,000 and down to £166,000. A provisional post-refurbishment base GDV of £230,000 is indicated, but exact condition, floor area and specification are unavailable.

Investment Snapshot

Strategy Recommendation

Investigate as a potential refurbishment-led BRRR or flip, subject to survey, contractor pricing, legal-pack review and confirmed resale evidence. Do not bid solely on the guide-to-GDV spread.

Works Required

Refurbishment is required, but the evidence does not specify defects or scope. Obtain a full survey and contractor quotations before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £110,000 guide, the property appears to have a substantial indicative GDV margin before refurbishment and transaction costs. A 75% refinance of the provisional £230,000 GDV would be £172,500, but cash-left-in cannot be calculated without works and full costs.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. Refurbishment costs and additional auction disbursements are also unknown.

Flip Analysis

The provisional resale GDV range is £184,000–£240,000. Flip profit cannot be calculated because refurbishment costs, selling costs and legal-pack disbursements are unknown.

Investor Risks & Due Diligence

• Refurbishment scope and cost are unspecified.

• No reliable property-specific rental evidence is available.

• Additional disbursements, search fees, seller costs, legal fees and transfer fees may apply.

• The provisional GDV is based on limited comparable information and may not reflect this property's condition or specification.

• Six-week completion may require rapid funding and conveyancing.

Recommendation

Investigate as a potential refurbishment-led BRRR or flip, subject to survey, contractor pricing, legal-pack review and confirmed resale evidence. Do not bid solely on the guide-to-GDV spread.

Strategy Rating

Analysis Confidence

There are several same-road completed sales, but no floor area, detailed condition, rental evidence, refurbishment budget or complete fee schedule.