For sale Flat

Rainham Road

Chatham, ME5, ME5 7EL

2 beds 2 baths Listed 7 Apr 2026 (-105d)

£145,000

Offers in Excess of

Reduced on 11 May 2026

Save

# 2 bedroom flat for sale (ME5 7EL)

## Property Details

| Key | Value |
|-----|-------|
| Address | Rainham Road, Chatham, ME5, ME5 7EL |
| Price | £145,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Council tax | A |
| Last sold | £129,995 |

## Description

Bettermove are proud to present this 2 bedroom apartment in Chatham. Available with no forward chain.

The property is currently tenanted and it will be sold with tenants in situ for immediate investment. Rental yields can be obtained through Bettermove.

The property benefits from double glazing, and gas central heating throughout, with off street parking available via the pub car park.

The council tax band is A.

This is a leasehold property with 86 years remaining on the lease.

The interior of this well presented property comprises a spacious living and dining area and fitted kitchen, as well as the 2 bedrooms. The exterior boasts a private rear garden, perfect for enjoying the summer months.

Located in the popular town of Chatham, the property is close to a range of amenities, including shops, supermarkets, restaurants and pubs. Excellent transport connections can be found from Gillingham train station (1.1 miles), various bus routes and the M2.

This exciting opportunity should not be missed. All enquiries can be made through Bettermove.

-----------------------------------------------------------------------------------

Reserve It Now

Secure your property with a £1,000 exclusivity deposit.

It’s taken off the market, locked in for you, and returned to you on completion.

No risk of being gazumped. No wasted costs.

Talk to our team today about Exclusivity Deposits

------------------------------------------------------------------------------------

Part Exchange Available

We can take your property in as part exchange, giving you a guaranteed buyer and a quicker, chain-free move.

Ask our team today about how our Part Exchange option can help you move with confidence.

Part Exchange subject to terms, valuation, and eligibility.

**Building Safety**

NONE

**Mobile Signal**

4G excellent data and voice, 5G ok

**Construction Type**

Floor: Suspended, no insulation (assumed)

Roof: (another dwelling above)

Walls: Solid brick, as built, no insulation (assumed)

Windows: Fully double glazed

Lighting: No low energy lighting

**Existing Planning Permission**

**Coalfield or Mining**

none

## Property Photos

- ![Photo](/listings/photos/174157097/835853)
- ![Photo](/listings/photos/174157097/835854)
- ![Photo](/listings/photos/174157097/835855)
- ![Photo](/listings/photos/174157097/835856)
- ![Photo](/listings/photos/174157097/835858)
- ![Photo](/listings/photos/174157097/835860)
- ![Photo](/listings/photos/174157097/835866)
- ![Photo](/listings/photos/174157097/835872)

## Floorplans

- ![Floorplan 1](/listings/photos/174157097/835874) - Floorplan 1

## EPC Graphs

- ![EPC 1](/listings/photos/174157097/835875) - EPC 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 106 RAINHAM ROAD, CHATHAM, MEDWAY, ME5 7EL | £154,000 | 14/09/2007 | Semi-detached |
| 106 RAINHAM ROAD, CHATHAM, MEDWAY, ME5 7EL | £111,000 | 19/02/2004 | Semi-detached |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| FLORENCE HOUSE 130A FLAT 8 BEACON ROAD, CHATHAM, MEDWAY, ME5 7BL | £127,000 | 23/06/2025 | Flat |
| 8 WARD VIEW, CHATHAM, MEDWAY, ME5 7FD | £190,000 | 31/10/2024 | Flat |
| 8 WARD VIEW, CHATHAM, MEDWAY, ME5 7FD | £190,000 | 31/10/2024 | Flat |
| [Same street] 128 RAINHAM ROAD, CHATHAM, MEDWAY, ME5 7EL | £200,000 | 08/06/2023 | Terraced |
| [Same street] 116 RAINHAM ROAD, CHATHAM, MEDWAY, ME5 7EL | £225,000 | 20/02/2023 | Terraced |
| [Same street] 90A RAINHAM ROAD, CHATHAM, MEDWAY, ME5 7EL | £160,000 | 14/12/2022 | Flat |
| 143 FLAT B RAINHAM ROAD, GILLINGHAM, MEDWAY, ME7 5NQ | £140,000 | 18/11/2022 | Flat |
| FLORENCE HOUSE 130A FLAT 7 BEACON ROAD, CHATHAM, MEDWAY, ME5 7BL | £130,000 | 18/11/2022 | Flat |
| 143 FLAT A RAINHAM ROAD, GILLINGHAM, MEDWAY, ME7 5NQ | £140,000 | 18/11/2022 | Flat |
| [Same street] 96 RAINHAM ROAD, CHATHAM, MEDWAY, ME5 7EL | £270,000 | 31/10/2022 | Terraced |
| 3 WARD VIEW, CHATHAM, MEDWAY, ME5 7FD | £153,500 | 18/07/2022 | Flat |
| 453 CANTERBURY STREET, GILLINGHAM, MEDWAY, ME7 5LJ | £155,000 | 07/07/2022 | Flat |
| 6 WARD VIEW, CHATHAM, MEDWAY, ME5 7FD | £155,000 | 09/05/2022 | Flat |
| [Same street] 122 RAINHAM ROAD, CHATHAM, MEDWAY, ME5 7EL | £312,000 | 14/03/2022 | Terraced |
| 1 WARD VIEW, CHATHAM, MEDWAY, ME5 7FD | £156,000 | 14/03/2022 | Flat |
| PALACE COURT FLAT 12 WATLING STREET, CHATHAM, MEDWAY, ME5 7ES | £162,000 | 02/11/2021 | Flat |
| 83A RAINHAM ROAD, GILLINGHAM, MEDWAY, ME7 5NQ | £117,500 | 22/10/2021 | Flat |
| 27 WARD VIEW, CHATHAM, MEDWAY, ME5 7FD | £595,000 | 24/09/2021 | Flat |

**Street average:** £233,400 (5 sales)
**Area average:** £185,462 (13 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £220,955 (11 Flat, ME5, 2024–2026)
- **Deviation:** -34.4%

## Rental Range

*ONS Price Index of Private Rents (Medway). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,114/mo
- **Realistic:** £1,238/mo
- **Optimistic:** £1,362/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Medway & Swale (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £848/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Terraced House, Coronation Road, ME5 | £1,250/mo | 2 | 0.22 miles | OpenRent |
| 2 Bed Maisonette, Upper Luton Road, ME5 | £1,100/mo | 2 | 0.38 miles | OpenRent |

**Average rent: £1,175/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.81% (okay)
- **Max investor price (0.8%):** £146,875
- **Target investor price (1%):** £117,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,175/mo).*

- **Gross yield:** 9.7%
- **Cost-to-rent:** 10.3×
- **Monthly cashflow:** £461/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 13.2%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 49.5%
- **10y growth:** 82.1%

## House Price Index (HM Land Registry)

*Official index for Medway; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** -4.2%
- **5y growth (index):** 2.8%
- **10y growth (index):** 19.5%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Photo 7 Photo 8

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Property details

Tenure

LEASEHOLD (86 years remaining on lease)

Council tax band

Last sold

£129,995

Local average

£220,955 (-34.4%)

Deprivation

Decile 2 (3,825 of 33,755)

Street crime

577 incidents within 1 mile (May 2026)

Key features

Chain Free
2 Bedrooms
Apartment
Leasehold- 86 Years
Tenanted For Immediate Investment

Additional details

Electricity: Mains supply
Broadband: None, FTTP (fibre to the premises)
Water: Mains supply
Sewerage: Mains supply
Heating: Gas, Central
Accessibility: No wheelchair access
Parking: Yes
Garden: Yes
Listed property: No
Restrictions: No
Required access: No
Rights of way: No
Flooded in last 5 years: No
Flood defences: No

Description

Bettermove are proud to present this 2 bedroom apartment in Chatham. Available with no forward chain.
The property is currently tenanted and it will be sold with tenants in situ for immediate investment. Rental yields can be obtained through Bettermove.
The property benefits from double glazing, and gas central heating throughout, with off street parking available via the pub car park.
The council tax band is A.
This is a leasehold property with 86 years remaining on the lease.
The interior of this well presented property comprises a spacious living and dining area and fitted kitchen, as well as the 2 bedrooms. The exterior boasts a private rear garden, perfect for enjoying the summer months.
Located in the popular town of Chatham, the property is close to a range of amenities, including shops, supermarkets, restaurants and pubs. Excellent transport connections can be found from Gillingham train station (1.1 miles), various bus routes and the M2.
This exciting opportunity should not be missed. All enquiries can be made through Bettermove.
-----------------------------------------------------------------------------------
Reserve It Now
Secure your property with a £1,000 exclusivity deposit.
It’s taken off the market, locked in for you, and returned to you on completion.
No risk of being gazumped. No wasted costs.
Talk to our team today about Exclusivity Deposits
------------------------------------------------------------------------------------
Part Exchange Available
We can take your property in as part exchange, giving you a guaranteed buyer and a quicker, chain-free move.
Ask our team today about how our Part Exchange option can help you move with confidence.
Part Exchange subject to terms, valuation, and eligibility.
Building Safety
NONE
Mobile Signal
4G excellent data and voice, 5G ok
Construction Type
Floor: Suspended, no insulation (assumed)
Roof: (another dwelling above)
Walls: Solid brick, as built, no insulation (assumed)
Windows: Fully double glazed
Lighting: No low energy lighting
Existing Planning Permission
No
Coalfield or Mining
none

Listed by

Nationwide

BLOOTEK VENTURES LIMITED

Reference: 174157097

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

EPC Graphs

EPC 1

Price history

39% since 2004

Event	Date	Price	% change
Listed for sale	—	£145,000	-5.8%
Sold	14/09/2007 (18 years ago)	£154,000	+38.7%
Sold	19/02/2004 (22 years ago)	£111,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
FLORENCE HOUSE 130A FLAT 8 BEACON ROAD, CHATHAM, MEDWAY, ME5 7BL	£127,000	23/06/2025	Flat
8 WARD VIEW, CHATHAM, MEDWAY, ME5 7FD	£190,000	31/10/2024	Flat
8 WARD VIEW, CHATHAM, MEDWAY, ME5 7FD	£190,000	31/10/2024	Flat
Same street 128 RAINHAM ROAD, CHATHAM, MEDWAY, ME5 7EL	£200,000	08/06/2023	Terraced
Same street 116 RAINHAM ROAD, CHATHAM, MEDWAY, ME5 7EL	£225,000	20/02/2023	Terraced
Same street 90A RAINHAM ROAD, CHATHAM, MEDWAY, ME5 7EL	£160,000	14/12/2022	Flat
143 FLAT B RAINHAM ROAD, GILLINGHAM, MEDWAY, ME7 5NQ	£140,000	18/11/2022	Flat
FLORENCE HOUSE 130A FLAT 7 BEACON ROAD, CHATHAM, MEDWAY, ME5 7BL	£130,000	18/11/2022	Flat
143 FLAT A RAINHAM ROAD, GILLINGHAM, MEDWAY, ME7 5NQ	£140,000	18/11/2022	Flat
Same street 96 RAINHAM ROAD, CHATHAM, MEDWAY, ME5 7EL	£270,000	31/10/2022	Terraced
3 WARD VIEW, CHATHAM, MEDWAY, ME5 7FD	£153,500	18/07/2022	Flat
453 CANTERBURY STREET, GILLINGHAM, MEDWAY, ME7 5LJ	£155,000	07/07/2022	Flat
6 WARD VIEW, CHATHAM, MEDWAY, ME5 7FD	£155,000	09/05/2022	Flat
Same street 122 RAINHAM ROAD, CHATHAM, MEDWAY, ME5 7EL	£312,000	14/03/2022	Terraced
1 WARD VIEW, CHATHAM, MEDWAY, ME5 7FD	£156,000	14/03/2022	Flat
PALACE COURT FLAT 12 WATLING STREET, CHATHAM, MEDWAY, ME5 7ES	£162,000	02/11/2021	Flat
83A RAINHAM ROAD, GILLINGHAM, MEDWAY, ME7 5NQ	£117,500	22/10/2021	Flat
27 WARD VIEW, CHATHAM, MEDWAY, ME5 7FD	£595,000	24/09/2021	Flat

Street average: £233,400 (5 sales)

Area average: £185,462 (13 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 49.5%

10y growth 82.1%

House Price Index (HM Land Registry — official index, not sold-price averages): Medway. Series: Flats and maisonettes. As of April 2026.

1y (index) -4.2%

5y (index) 2.8%

10y (index) 19.5%

Rental Range

Estimated market rent for Medway. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,114/mo

Realistic £1,238/mo

Optimistic £1,362/mo

Based on Local Authority from postcode lookup → Medway.

LHA (30th percentile) floor for Medway & Swale: £848/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View ME5 7EL

Address

106 Rainham Road

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Bus stop	Watling Street Canterbury Street	0.1 miles
Shop	Betfred	0.1 miles
Shop	A2 barbers	0.1 miles
Bus stop	Jezreels	0.1 miles
Train station	Gillingham	0.9 miles
Train station	Chatham	1.4 miles
University	UCA Maidstone Studios	6.5 miles
Hospital	The Somerfield Hospital	7.0 miles
University	University for the Creative Arts, Maidstone TV Studios	7.4 miles
Hospital	Sittingbourne Memorial Hospital	8.4 miles

Street-level crime

Category	Count
Violence and sexual offences	217
Anti-social behaviour	124
Criminal damage and arson	56
Other theft	33
Other crime	28
Shoplifting	26
Public order	20
Burglary	19
Vehicle crime	19
Drugs	16
Possession of weapons	8
Robbery	7
Bicycle theft	3
Theft from the person	1
Total incidents	577

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Chatham Grammar	Secondary	0.1 miles	Good — 20 Jun 2018
Byron Primary School	Primary	0.3 miles	— (Inspected (no overall grade))
Luton Primary School	Primary	0.4 miles	Good — 13 Sep 2023
Hospital and Medical Tuition Service	Other	0.5 miles	— (No rating)
The Robert Napier School	Secondary	0.5 miles	— (Inspected (no overall grade))

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
2 Bed Terraced House, Coronation Road, ME5	£1,250/mo	2	0.22 miles	OpenRent
2 Bed Maisonette, Upper Luton Road, ME5	£1,100/mo	2	0.38 miles	OpenRent

Average rent: £1,175/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.81%

Max investor price (0.8%) £146,875

Target investor price (1%) £117,500

Gross yield 9.7%

Cost-to-rent ratio 10.3×

Monthly cashflow £461/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 13.2%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).