# 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.

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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

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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

## 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)