Chatham, ME4 5AT | Investment Property for Sale | VES-ME4-002

Opportunity to purchase a house in Chatham generating £11,940 rent pa & gross yield of 5.7%

£210,000

End Terraced House

VES-ME4-002

INITIAL INVESTMENT

£63,000

Based on

deposit: £52,500

stamp duty: £8,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£11,940

GROSS YIELD

5.7%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

1 bathroom

2 reception rooms

1,049

Unfurnished

Property information

  • Spread over 3 floors
  • The lower ground floor comprises:
    • Kitchen
    • Dining room
    • Bathroom
    • Storage cupboards
    • Access to the rear courtyard via the kitchen
  • The ground floor comprises the lounge
  • The first floor comprises 2 good-sized bedrooms
  • EPC rating D
  • Council tax band B
  • Monthly rental income: £995

Location information

  • The property is located in a quiet cul-de-sac
  • Luton Village shops are close by
  • Chatham town centre and railway station are 1.4 miles from the property
  • There is a bus stop with regular services just a short walk away

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Chatham, Kent

Chatham is a town in North Kent on the River Medway. It lies around 8 miles north of Maidstone, 9 miles south-east of Gravesend, 29 miles west of Canterbury and 34 miles east of central London.

The A2 runs through the town connecting it all the way to Dover and central London. The M2 motorway also runs south of Chatham providing an alternative route to the Port of Dover and also provides access to the Medway Towns, Sittingbourne and Faversham.

Chatham railway station lies on the Chatham Main Line with train services operated by Southeastern and Thameslink. There are high speed trains to London St Pancras via Gravesend, London St Pancras via Ramsgate, Dover Priory and Ashford Internal, and Faversham. The mainline trains go to London Victoria, Ramsgate and Dover Priory via Canterbury East.

Some of the local attractions include The Historic Dockyard Chatham, Rochester Castle, Rochester Cathedral, Fort Amherst Heritage Trust, Royal Engineers Museum, Guildhall Museum, Upnor Castle, Huguenot Museum and Restoration House to name a few.

The High Street in Chatham offers an array of the different retailers, from bakeries to antique stores, clothes and gifts shops, whilst the Pentagon Shopping Centre is home to 70 shops including a supermarket, bowling alley and food outlets. Just a little outside the town centre the Dockside Outlet Shopping Centre offers further shopping opportunities.

The local economy used to be mainly centred around the Royal Navy Dockyards, but since it’s closure in the 80’s this has shifted. The largest employer in Chatham is now Vanquis Bank Ltd, which is a subsidiary of Provident Financial. Others include the NHS, MidKent College and the University of Greenwich as well as the University of Kent. With its proximity and good transport links to London and nearby towns Chatham is also an ideal commuter town.

First Avenue,

Chatham,

Medway,

England,

ME4 5AT

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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