3 Belmont Road, Gillingham

Description

Situated on Belmont Road, close to the amenities available in Gillingham Town Centre and travelling facilities including Gillingham Train Station. Gillingham Park is also nearby. A Terrace House requiring modernisation with accommodation arranged on Two Floors comprising: First Floor: Bedroom (One), Bedroom (Two), Bathroom/WC. Ground Floor: Entrance Hall, Living Room, Dining Room, Kitchen (without fittings). Cellar. Garden at Rear.

Accommodation

First Floor: Bedroom (One), Bedroom (Two), Bathroom/WC. Ground Floor: Entrance Hall, Living Room, Dining Room, Kitchen (without fittings). Cellar. Garden at Rear.

Location

Situated on Belmont Road, close to the amenities available in Gillingham Town Centre and travelling facilities including Gillingham Train Station. Gillingham Park is also nearby.

Tenure / Property Information

Investment Analysis

The supplied completed sales are same-road freehold terraced comparables ranging from £166,000 to £265,000. The most recent is £230,000 on 10 August 2026, while two 2024 sales were £240,000. However, bedroom counts, internal condition and specification are not supplied, so the evidence does not support a precise subject-specific valuation. A provisional base GDV of £230,000 is used, with a conservative evidence range of £230,000–£240,000 based on the more recent sales; this is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after inspecting the property and obtaining a detailed refurbishment quotation. Do not set a maximum bid from the supplied evidence alone; the missing rental and works data prevent reliable BTL, BRRR or flip underwriting.

Works Required

Modernisation is required. The kitchen is expressly described as being without fittings, so kitchen fittings and associated installation should be assessed. The full scope, specification and condition of other areas are not evidenced and require inspection and contractor pricing.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A provisional £230,000 GDV implies 75% refinance proceeds of £172,500. However, refurbishment costs, purchase price achieved, seller fees, finance costs and other project costs are not fully evidenced, so cash required and equity outcome cannot be calculated reliably.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The property is vacant and requires modernisation, so achievable rent and letting readiness remain unquantified.

Flip Analysis

The same-road sold evidence indicates potential resale values around £230,000–£240,000, but the comparables do not confirm bedroom count or condition. A flip surplus cannot be calculated because refurbishment costs, acquisition price achieved and any selling allowance are unsupported.

Investor Risks & Due Diligence

• The property requires modernisation and the kitchen has no fittings, but the full works scope and cost are unknown.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• The sold comparables do not state bedroom count, internal condition or specification, limiting GDV reliability.

• The final purchase price is unknown and may differ materially from the £90,000 guide.

• Additional seller fees may apply under the special conditions.

• The buyer fee and balance of the 10% deposit are payable within 24 hours of the auction date.

Recommendation

Proceed only after inspecting the property and obtaining a detailed refurbishment quotation. Do not set a maximum bid from the supplied evidence alone; the missing rental and works data prevent reliable BTL, BRRR or flip underwriting.

Strategy Rating

Analysis Confidence

There is useful same-road completed-sale evidence and a stated guide price, but bedroom details for comparables, refurbishment costs, rental evidence, achieved auction price and possible seller fees are unavailable.