3 bed house for sale Davenport Avenue, Gillingham, ME7 1UN

3 beds 1 bath Terraced House

Tenure: ask agent

Added yesterday

About this property

A Fantastic Investment Opportunity – Offered with NO ONWARD CHAIN This spacious and well-presented three-bedroom home represents an excellent opportunity for investors looking to acquire a property with a proven rental history. Having been successfully let for a number of years, the property has consistently attracted tenants with ease, demonstrating its strong appeal and making it an ideal addition to an existing portfolio or a perfect first investment. The current owners have maintained the property to a good standard, with the added benefit of up-to-date gas and electrical safety certificates already in place, offering buyers added reassurance.

Key features

Guide Price £225,000 - £250,000
Offered to the market with NO ONWARD CHAIN.
Spacious three-bedroom family home.
Fantastic investment opportunity with a proven rental history.
Successfully let for a number of years with consistent tenant demand.
Recently installed double glazing, improving energy efficiency.
Within easy reach of the railway station, ideal for commuters.

Floorplan

Location

Davenport Avenue, Gillingham, ME7 1UN

Open map Street View

Council tax: Band D (Approx £2,329/year)

Mortgage and stamp duty

Property price £225,000

£112k £338k

Deposit10% £23,000

£0 £225k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £202,000 mortgage. Most lenders would want a household income of about £45,000 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.

Historic sold prices nearby

HM Land Registry sales in ME7 1UN. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
45, Davenport Avenue Terraced	Terraced	Nov 2020	926 sq ft £243/sq ft	926 sq ft	£243	£225,000
39, Davenport Avenue Flat / maisonette	Flat / maisonette	Jul 2019	549 sq ft £240/sq ft	549 sq ft	£240	£132,000
39, Davenport Avenue Flat / maisonette	Flat / maisonette	Nov 2015	549 sq ft £255/sq ft	549 sq ft	£255	£140,000
12, Davenport Avenue Terraced	Terraced	Jun 2015	958 sq ft £136/sq ft	958 sq ft	£136	£130,000
39, Davenport Avenue Flat / maisonette	Flat / maisonette	Dec 2014	549 sq ft £176/sq ft	549 sq ft	£176	£96,500
47, Davenport Avenue Terraced	Terraced	Dec 2013	872 sq ft £149/sq ft	872 sq ft	£149	£130,000
41, Davenport Avenue Terraced	Terraced	Aug 2013	861 sq ft £145/sq ft	861 sq ft	£145	£125,000
45, Davenport Avenue Terraced	Terraced	Jul 2012	926 sq ft £143/sq ft	926 sq ft	£143	£132,000