9 Kitchener Road, Rochester, Kent, ME2 3AJ

Description

A Vacant Three Bedroom Mid Terrace House. The property comprises a three bedroom mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Reception Room, Kitchen. First Floor: Three Bedrooms, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Broomhill Park are within easy reach. Transport links are provided by Strood rail station.

Tenure / Property Information

Investment Analysis

Same-road sold comparables range from £220,000 to £275,000, with the latest supplied sale at £228,962 in May 2023. A simple comparable average is approximately £240,692, but differences in condition, size and timing are unknown. Indicative GDV scenarios are therefore based only on this evidence, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, legal-pack review and independent valuation. The evidence is insufficient to confirm BTL or flip viability; avoid bidding solely on the comparable-sale spread.

Works Required

No specific defects or refurbishment requirements are evidenced. Inspect the vacant property and legal pack before budgeting for works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide price, the known purchase and administration cost is £176,800 before works and other charges. A 75% refinance of the indicative base GDV is approximately £180,519, but achievable refinance depends on valuation, lending criteria and project costs. No refurbishment allowance or rent evidence is available.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. The known guide price plus £1,800 administration charge totals £176,800 before works, finance, tax and other possible charges.

Flip Analysis

The supplied same-road sales indicate a broad potential resale range of £220,000–£275,000. However, condition, selling costs, refurbishment costs and acquisition costs beyond the stated administration charge are not evidenced, so a reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence is available.

• Property condition and refurbishment requirements are unknown.

• Comparable sales range widely and may differ in condition, size or timing.

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

• Guide price is not a valuation or guaranteed purchase price.

Recommendation

Proceed only subject to inspection, legal-pack review and independent valuation. The evidence is insufficient to confirm BTL or flip viability; avoid bidding solely on the comparable-sale spread.

Strategy Rating

Analysis Confidence

Same-road sold comparables and the guide price are available, but there is no rental evidence, property-condition detail, refurbishment budget, full fee schedule or independent valuation.