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4 bed flat for sale Ordnance Terrace, Chatham, ME4

Asking price

£450,000

Added on 23/09/2026

Type: Flat
Bedrooms: 4
Tenure: Freehold

About this property

Freehold Block of 4 Self-Contained Flats – Investment Opportunity

WITH CAR PARK

CURRENTLY ARRANGED AS 4 SELF CONTAINED FLATS

An attractive residential investment opportunity comprising a block of four self-contained flats, currently producing an impressive gross yield of approximately 8.1% based on the existing rental income.**

Floorplan

Council tax

Ask agent

Per year

Band A

£1,552
Band B

£1,811
Band C

£2,070
Band D

£2,329
Band E

£2,846
Band F

£3,363
Band G

£3,881
Band H

£4,657

The agent hasn't said which band this home is in; you can look it up on GOV.UK. In Medway, 2026/27 bills run from £1,552 a year in band A to £4,657 in band H.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Medway, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.

Location

Ordnance Terrace, Chatham, ME4

Open map Street View

Mortgage and stamp duty

Property price £450,000

£225k £675k

Deposit10% £45,000

£0 £450k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £405,000 mortgage. Most lenders would want a household income of about £90,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
Flat A, 8, Ordnance Terrace Flat / maisonette	Flat / maisonette	Feb 2026	431 sq ft £372/sq ft	431 sq ft	£372	£160,000
Flat B, 8, Ordnance Terrace Flat / maisonette	Flat / maisonette	Aug 2021	431 sq ft £190/sq ft	431 sq ft	£190	£82,000
Flat A, 8, Ordnance Terrace Flat / maisonette	Flat / maisonette	Mar 2021	431 sq ft £372/sq ft	431 sq ft	£372	£160,000
Flat A, 8, Ordnance Terrace Flat / maisonette	Flat / maisonette	Nov 2017	431 sq ft £352/sq ft	431 sq ft	£352	£151,500
Flat C, 8, Ordnance Terrace Flat / maisonette	Flat / maisonette	Mar 2016	431 sq ft £190/sq ft	431 sq ft	£190	£82,000
Flat D, 8, Ordnance Terrace Flat / maisonette	Flat / maisonette	Mar 2015	431 sq ft £190/sq ft	431 sq ft	£190	£82,000
Flat B, 8, Ordnance Terrace Flat / maisonette	Flat / maisonette	Jul 2009	431 sq ft £116/sq ft	431 sq ft	£116	£50,000
Flat A, 8, Ordnance Terrace Flat / maisonette	Flat / maisonette	Apr 2007	431 sq ft £232/sq ft	431 sq ft	£232	£100,000