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3 Pagitt Street, Chatham, Kent
Marketed by:
Auction House London
1a, 5 Hampstead Gate, London NW3 6AL, UK
020 7625 9007
Vacant 3-Bedroom Freehold Terraced House, Chatham
3 Pagitt Street, Chatham, Kent
For Sale
£60,000+
• 3 Bedrooms
• Terraced House
• Freehold
• Vacant
Description
A Vacant Three Bedroom Mid Terrace House in Need of Refurbishment. Potential for Convert Into Flats (Subject to Obtaining all Relevant Consents). The property comprises a three bedroom mid terrace house arranged over lower ground, ground and first floors.
Accommodation
Lower Ground Floor: Large Basement. Ground Floor: Two Reception Rooms, Kitchen, Utility Room. First Floor: Three 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 Victoria Gardens are within easy reach. Transport links are provided by Chatham rail station.
Tenure / Property Information
Tenure |
Freehold |
Occupancy |
Vacant |
Services |
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. |
Investment Analysis
Same-street completed sales range from £231,500 to £290,000, with the latest supplied sales in 2021–2022. A £245,000 base GDV is used as an indicative evidence-based scenario, but no condition-adjusted or current comparable evidence is supplied.
Investment Snapshot
Guide Price |
£60,000+ (plus fees) |
HB Estimated GDV |
£245,000 |
Estimated Monthly Rent |
£1,350 – £1,400 pcm |
Estimated Annual Rent |
£16,500 pa |
Gross Yield on Guide |
27.5% |
Strategy Recommendation
Investigate as a potential refurbishment-led BTL or BRRR project, but do not bid without verified refurbishment costs, legal-pack review and confirmation of the final purchase-price economics.
Works Required
Refurbishment is required, but the supplied evidence does not specify the scope. Any works should be confirmed through inspection and the legal pack. Flat conversion would require all relevant consents.
Rental & Market Context
HB Estimated Market Rent |
£1,350 – £1,400 pcm |
|
3 Bedroom House to rent in Chatham, Kent - Gumtree — 3 bed — — Advertised asking rent |
£1,350 pcm |
|
Chalkpit Hill, Chatham, Kent, ME4 3 bed terraced house to rent - (£323 pw) — 3 bed — £1,400 pcm — Advertised asking rent |
£1,400 pcm |
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
35, Pagitt Street, Chatham, Medway, Me4 6rf |
£290,000 |
|
31, Pagitt Street, Chatham, Medway, Me4 6rf |
£245,000 |
|
12, Pagitt Street, Chatham, Medway, Me4 6rf |
£231,500 |
|
31, Pagitt Street, Chatham, Medway, Me4 6rf |
£170,795 |
|
20, Pagitt Street, Chatham, Medway, Me4 6rf |
£206,000 |
Potential BRRR Position
Base GDV |
£245,000 |
75% Refinance |
£183,750 |
The indicative base GDV supports substantial theoretical refinancing capacity at 75% LTV (£183,750). However, refurbishment costs, purchase premium, finance costs and final auction price are unknown, so cash-left-in and project viability cannot be established.
Buy-to-Let Analysis
Advertised asking rents of £1,350–£1,400 pcm imply a gross yield of approximately 27.0%–28.0% against the £60,000 guide. This excludes refurbishment, fees, finance, running costs and the eventual purchase price, so the yield cannot be relied upon without those figures.
Flip Analysis
The supplied completed sales support an indicative GDV range of £231,500–£290,000. A flip surplus cannot be calculated because refurbishment costs and selling allowances are unsupported.
Investor Risks & Due Diligence
• Refurbishment scope and cost are not supplied.
• The potential flat conversion is subject to obtaining all relevant consents.
• Rental figures are advertised asking rents, not achieved rents.
• The comparable sales are from 2021–2022 and may not reflect current value.
• Additional legal-pack disbursements may become payable.
Recommendation
Investigate as a potential refurbishment-led BTL or BRRR project, but do not bid without verified refurbishment costs, legal-pack review and confirmation of the final purchase-price economics.
Strategy Rating
HB Rating |
★★★☆☆ |
Analysis Confidence
Confidence |
Medium |
Same-street sold comparables and advertised rental evidence are available, but refurbishment costs, current condition, buyer costs beyond the admin charge, EPC, legal-pack disbursements and achieved rent are unknown.
Auction Details :
Auction House London
Auction Date :
11/11/26
Lot Number :
039
Property Location:
3 Pagitt Street, Chatham, Kent
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