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Silver Tree Close, Chatham, ME5

South East

£315,000
Listed on 01/06/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
905 sqft

Description

This property presents an intriguing opportunity for those looking to invest or renovate in a desirable and tranquil neighborhood. With two generously sized double bedrooms, the home offers ample space for comfortable living. The main living area is well-proportioned, providing a welcoming atmosphere that can be tailored to suit various styles and preferences. The fitted kitchen and first-floor family bathroom offer functional spaces that could benefit from modern updates, making this a perfect candidate for renovation. Additionally, the basement adds versatility to the property; it can be transformed to accommodate your specific needs, whether as a creative studio, additional storage, or even adapted living space—subject to obtaining the necessary planning permissions. Outside, the property boasts a low-maintenance garden that backs onto Tunbury Woods, creating a peaceful retreat just steps from your door. The presence of a separate garage and driveway further enhances its practicality and makes parking convenient for residents and guests alike. Situated in a quiet residential area, this home offers easy access to local amenities and excellent transport links. It’s within walking distance of Beechen Bank Road, which connects conveniently to the M2 motorway just minutes away. This location is also advantageous for families, being near quality schools. This property is available with no upward chain, making it an appealing choice for first-time buyers, families seeking room to grow, or investors aiming to enhance their portfolio through strategic renovations. With potential for modernization throughout and situated in a sought-after location, this home invites you to bring your vision to life.

Investment Analysis

(ME5 area)

Below Market Value

This property is priced -2.3% below area average per sq ft

-2.3%
Potential saving
This Property
£348/sq ft
Area Average
£356/sq ft
Avg Rent (weekly)
£315
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£354,697
10% above area average per sq ft
Potential ROI
+2.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (ME5)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 2.9%
5 year growth: 20.7%
Investment Disclaimer: Analysis based on ME5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Silver Tree Close, Chatham, ME5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,154
Based on a loan of £236,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE