62 Prince Charles Avenue, Walderslade, Chatham, Kent

Description

A three-bedroom detached bungalow located in the Walderslade area of Medway, close to local schools and a local supermarket. The property, which has most recently been let, has been granted planning permission for a first floor and side extension to convert the property into a four-bedroom dwelling, with three of the bedrooms having en-suite shower rooms with W.C.s. The new owner may wish to retain the current property which is in need of improvement but does have double glazed windows and a gas heating system via radiators.

Accommodation

Existing accommodation: Ground Floor—entrance hall, kitchen, living room, dining room, two bedrooms and bathroom with W.C. First Floor—main bedroom with en-suite shower room with W.C. Proposed accommodation: Ground Floor—entrance hall, kitchen, living room, utility room, study and W.C. First Floor—main bedroom with en-suite shower room with W.C., bedroom 2 with en-suite shower room with W.C., bedroom 3 with en-suite shower room with W.C., bedroom 4 and family bathroom with W.C. Outside—integral garage, driveway to front with off-road parking and garden to rear.

Location

Walderslade area of Medway, close to local schools and a local supermarket.

Tenure / Property Information

Investment Analysis

Same-street detached freehold sales range from £300,000 to £475,000, with recent 2025 sales at £310,000, £435,000 and £475,000. The evidence does not provide floor areas, condition, specifications or confirmation that the comparables match the proposed four-bedroom accommodation. A broad evidence-led GDV scenario is therefore used: £310,000 low, £425,000 base and £475,000 high.

Investment Snapshot

Strategy Recommendation

Planning-led refurbishment and resale, subject to verifying the planning consent, obtaining a detailed build quotation and confirming the achieved value of the proposed four-bedroom layout. Do not rely on BTL or BRRR returns until rent and costs are evidenced.

Works Required

Implement the granted first-floor and side extension, reconfigure the accommodation to the proposed four-bedroom layout, provide the stated en-suite shower rooms, family bathroom, utility room, study and WC, and improve the existing property as required. The evidence confirms double glazing and gas radiator heating but provides no detailed schedule or cost plan.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR appraisal cannot be quantified without a refurbishment budget, full acquisition-cost information and supported rent. On the base GDV estimate, 75% refinance proceeds would be approximately £318,750, but cash left in cannot be calculated until total project cost is known.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant and has proposed four-bedroom accommodation, but achievable rent remains unsupported.

Flip Analysis

A flip may be viable in principle because planning permission is granted and same-street detached sales range up to £475,000. However, no works budget, professional fees, finance costs, selling allowance or detailed planning/build specification is supplied, so project profit and maximum bid cannot be calculated.

Investor Risks & Due Diligence

• Refurbishment and extension costs are not supplied and may materially affect viability.

• Comparable sale prices vary substantially from £300,000 to £475,000, with no floor-area or specification comparison available.

• No sufficiently specific rental evidence is available, preventing a reliable BTL or BRRR yield assessment.

• An administration fee and other non-optional buyer costs may apply but are unquantified.

• EPC is to be confirmed.

• Planning permission is stated but the supplied evidence does not include the consent documents, conditions or detailed drawings.

Recommendation

Planning-led refurbishment and resale, subject to verifying the planning consent, obtaining a detailed build quotation and confirming the achieved value of the proposed four-bedroom layout. Do not rely on BTL or BRRR returns until rent and costs are evidenced.

Strategy Rating

Analysis Confidence

There are several relevant same-street completed sales and a stated planning permission, but no floor areas, detailed condition survey, build-cost evidence, rental evidence, EPC or quantified auction fees.