351 Luton Road, Chatham, Kent

Description

A Two Bedroom Mid Terrace House Subject to a Periodic Tenancy Producing £9,100 Per Annum. The property comprises a two bedroom mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen. First Floor: Two 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 Chatham rail station.

Tenure / Property Information

Investment Analysis

Completed sales range from £100,000 for this property in June 2026 to £180,000 for 359 Luton Road in March 2026. The £171,200 sale of nearby 353 Luton Road supports the base GDV, but the wide range and unknown condition limit certainty.

Investment Snapshot

Strategy Recommendation

Consider income-led BTL only after verifying the tenancy, rent, condition and legal pack. Do not rely on the higher GDV or rental estimate without further evidence.

Works Required

No specific defects or refurbishment requirements are evidenced. Inspect condition, tenancy documentation, EPC and legal-pack requirements before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide plus the known admin charge, total cost is £81,800 before disbursements, finance, tax and works. A 75% refinance at the £171,200 base GDV indicates £128,400, but refinanceability depends on valuation, tenancy, condition and lender criteria. No refurbishment budget is supported by the evidence.

Buy-to-Let Analysis

The property produces £9,100 annually, equivalent to £758.33 pcm, giving 11.38% gross yield on the £80,000 guide before the £1,800 admin charge. The £1,200 pcm listing suggests potential rental upside, but this is only an asking rent and cannot be assumed. The periodic tenancy and holding-over status require legal and possession review.

Flip Analysis

The base GDV is supported by the £171,200 nearby comparable. A reliable flip surplus cannot be calculated because refurbishment, selling costs, finance, tax and disbursements are not supplied.

Investor Risks & Due Diligence

• Periodic tenancy and holding-over status may create possession and documentation risk.

• The £1,200 pcm figure is an advertised asking rent, not an achieved rent.

• Property condition and refurbishment requirements are not evidenced.

• Additional disbursements may be payable under the legal pack.

• Base GDV is uncertain because comparable sales range widely from £100,000 to £180,000.

Recommendation

Consider income-led BTL only after verifying the tenancy, rent, condition and legal pack. Do not rely on the higher GDV or rental estimate without further evidence.

Strategy Rating

Analysis Confidence

There are several recent completed sales and a stated passing rent, but condition, legal-pack costs, tenancy details, refurbishment requirements and achieved market rent are incomplete.