# 3 bedroom semi-detached house for sale (ME2 2LL) ## Property Details | Key | Value | |-----|-------| | Address | 2 OAK ROAD, ROCHESTER, MEDWAY ME2 2LL | | Price | £140,000 | | Bedrooms | 3 | | Last sold | £177,500 Jun 2014 | ## Description Are you looking to put your stamp on this 3 bedroom semi detached in Strood? This house is in need of TLC and just oozing potential. This home benefits from ground floor shower room, front and rear gardens and No Forward Chain. Don't miss this fantastic opportunity call now to arrange your viewing. **Entrance:** Opaque glass glazed door to front, cupboard housing meters, door to front, carpet as laid, stairs to first floor, window to front. **Ground Floor Shower Room:** Opaque window to front, low level flush W.C, single shower cubicle, half tiled walls, wash hand basin, radiator, carpet tiles, coving. **Lounge:** 14'1 x 10' (4.29m x 3.03m) Window to front, window to rear, carpet as laid, coving, gas fire with surround, coving. **Kitchen:** 12'9 x 10' (3.89m x 3.03m) Two windows to side, opaque door to rear, larder, stainless steel sink drainer unit, wall mounted boiler, vinyl carpet flooring, half tiled walls. **Bedroom 1:** 14'3 x 10'3 (4.34m x 3.12m) Window to front and window to rear with views over local area, radiator, built in storage cupboard, coving. **Bedroom 2:** 12'2 x 7' (3.71m x 2.13m) Window to side and window to front with views over local area, carpet as laid, coving, built in storage cupboard. **Bedroom 3:** 10' x 5'8 (3.03m x 1.73m) Window to side, vinyl flooring, restricted height. **Front Garden:** Laid to lawn, hedged boundaries. **Rear Garden:** Patio area, side access, laid to lawn, shed to remain. **Agents Notes:** Please note all services / appliances have not and will not be tested by Spicer McColl Estate Agents. **Location:** Oak Road. Spicer McColl is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate ## Property Photos - ![Photo](/listings/photos/16146545/399599) - ![Photo](/listings/photos/16146545/399600) - ![Photo](/listings/photos/16146545/399605) - ![Photo](/listings/photos/16146545/399608) ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 2 OAK ROAD, ROCHESTER, MEDWAY, ME2 2LL | £177,500 | 20/06/2014 | 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 | |---------|-------|------|------| | 121 CEDAR ROAD, ROCHESTER, MEDWAY, ME2 2JP | £330,000 | 03/10/2025 | Semi-detached | | 54 LILAC ROAD, ROCHESTER, MEDWAY, ME2 2LF | £305,000 | 08/08/2025 | Semi-detached | | 3 OAK ROAD, ROCHESTER, MEDWAY, ME2 2LL | £342,000 | 17/11/2023 | Semi-detached | | 124 HAWTHORN ROAD, ROCHESTER, MEDWAY, ME2 2HR | £300,000 | 22/09/2023 | Semi-detached | | 137 CEDAR ROAD, ROCHESTER, MEDWAY, ME2 2JP | £295,500 | 21/09/2023 | Semi-detached | | 139 CEDAR ROAD, ROCHESTER, MEDWAY, ME2 2JP | £300,000 | 03/07/2023 | Semi-detached | | 15 OAK ROAD, ROCHESTER, MEDWAY, ME2 2LL | £322,500 | 28/06/2023 | Semi-detached | | 52 LABURNUM ROAD, ROCHESTER, MEDWAY, ME2 2JZ | £286,500 | 18/04/2023 | Semi-detached | | 23 LILAC ROAD, ROCHESTER, MEDWAY, ME2 2LE | £275,000 | 31/03/2023 | Semi-detached | | 2 MAPLE ROAD, ROCHESTER, MEDWAY, ME2 2HY | £262,000 | 13/12/2022 | Semi-detached | | 21 HOLLY ROAD, ROCHESTER, MEDWAY, ME2 2JS | £320,000 | 07/12/2022 | Semi-detached | | 112 CEDAR ROAD, ROCHESTER, MEDWAY, ME2 2JR | £365,000 | 09/11/2022 | Semi-detached | | 122 HAWTHORN ROAD, ROCHESTER, MEDWAY, ME2 2HR | £270,000 | 14/10/2022 | Semi-detached | | 31 HOLLY ROAD, ROCHESTER, MEDWAY, ME2 2JT | £280,000 | 30/09/2022 | Semi-detached | | 197 CEDAR ROAD, ROCHESTER, MEDWAY, ME2 2LJ | £325,000 | 22/08/2022 | Semi-detached | | 4 LABURNUM ROAD, ROCHESTER, MEDWAY, ME2 2JZ | £412,000 | 19/08/2022 | Semi-detached | | 90 CEDAR ROAD, ROCHESTER, MEDWAY, ME2 2JP | £325,000 | 12/08/2022 | Semi-detached | | 199 HAWTHORN ROAD, ROCHESTER, MEDWAY, ME2 2HT | £290,000 | 10/08/2022 | Semi-detached | | 77 HAWTHORN ROAD, ROCHESTER, MEDWAY, ME2 2HP | £280,000 | 24/06/2022 | Semi-detached | | 5 LILAC CRESCENT, ROCHESTER, MEDWAY, ME2 2LG | £325,000 | 30/05/2022 | Semi-detached | **Area average:** £310,525 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £343,708 (36 Semi-detached, ME2, 2024–2026) - **Deviation:** -59.3% ## 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):** £937/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 | |------|------|------|------|------| | 3 Bed Semi-Detached House, Beech Road, ME2 | £1,650/mo | 3 | 0.24 miles | OpenRent | **Average rent: £1,650/mo (1 listing)** ## 1% Rule - **Rent ratio:** 1.18% (strong) - **Max investor price (0.8%):** £206,250 - **Target investor price (1%):** £165,000 *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 £1,650/mo).* - **Gross yield:** 14.1% - **Cost-to-rent:** 7.1× - **Monthly cashflow:** £909/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 26.9% *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:** 3.7% - **10y growth:** 21.3% ## House Price Index (HM Land Registry) *Official index for Medway; Semi-detached series; as of March 2026.* - **1y growth (index):** 1.5% - **5y growth (index):** 18% - **10y growth (index):** 46.3% ## 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)