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Watling Street, Chatham, Kent - Image 1
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Watling Street, Chatham, Kent - Image 5

Watling Street, Chatham, Kent

South East

£100,000
Listed on 02/10/2025

Property Details

Bedrooms
3
Type
Flat

Description

This three-bedroom split-level apartment presents a notable opportunity for those looking to invest in a property with significant renovation potential. Currently vacant, the apartment is in need of modern updates, making it an ideal canvas for personalization and improvement. Situated in Chatham, the location offers convenient access to the town center, enhancing its appeal for both residents and potential tenants. The proximity to Chatham train station further facilitates commuting options, contributing to its desirability. With estimated rental values between £1,300 and £1,400 per calendar month based on condition, this property could yield a strong return on investment, boasting a gross yield ranging from 15.6% to 16.8%. This makes it an appealing option for investors seeking a high-yielding asset or individuals interested in creating their dream home in a vibrant community.

Investment Analysis

(ME5 area)
Area Average
£358/sq ft
Avg Rent (weekly)
£321
Avg Yield
4.9%

Renovation Potential

Est. Renovation Cost
£10,000 - £25,000
10-25% of property value
Monthly Sales
43
Average per month
Market Turnover
41%
Properties sold annually

Local Market Trend (ME5)

Area prices are rising by +3.3% over the last 12 months
3 year growth: 4.5%
5 year growth: 23.1%
Investment Disclaimer: Analysis based on ME5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Watling Street, Chatham, Kent
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