Upcoming Auctions Auction House Essex & Kent 2022-07-20 Lot 16 of 23

61 Windsor Road, Gillingham - ME7 4QL

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Guide Price: £175,000

Beds: 2
Type: Commercial
Tenure: Freehold

Property Details

Auction House Essex & Kent describes this property as:

INVESTMENT OPPORTUNITY COMPRISING A FREEHOLD TERRACE HOUSE ARRANGED AS TWO FLATS PRODUCING A COMBINED INCOME OF £1,200 pcm THUS PRODUCING £14,400 PER ANNUM WHICH WOULD DELIVER A YIELD OF 8.2% IF PURCHASED AT GUIDE. A freehold terrace house arranged as two one bedroom flats both tenanted and producing a combined rental income of £1200 per calendar month.

Auction Details

Auctioneer:
Auction House Essex & Kent
Auction date:
- 20 Jul 2022
Venue:

For viewings, biddings or more information:

Go to the Auction House Essex & Kent Website

Local Market Data

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The following data is based on a Freehold 2 bedroom Commercial. This data is derived and aggregated from public sources and to be used as a guide not an authority. Please let us know if you spot any anomalies.

Average sold price:

£210,675

Average asking price:

£224,000

Average price per sq/ft:

£242
Date Price Address Distance (miles)
26 Nov 2021 £260,000 86, Franklin Road, ME7 4DG 0.12
22 Nov 2021 £226,500 153, Corporation Road, ME7 1RQ 0.37
04 Nov 2021 £210,000 79, King Street, ME7 1ER 0.33
06 Oct 2021 £240,000 24, Beresford Road, ME7 4EU 0.23
23 Sep 2021 £237,500 68, Napier Road, ME7 4HD 0.25
20 Aug 2021 £331,400 56, Maple Avenue, ME7 2NX 0.28
05 Aug 2021 £210,000 26, Grange Road, ME7 2PT 0.31
29 Jul 2021 £208,250 117, Albany Road, ME7 4HW 0.38
01 Jul 2021 £180,000 13, Church Street, ME7 1SW 0.36
29 Jun 2021 £185,000 173, Railway Street, ME7 1YG 0.14
11 Jun 2021 £195,000 60, King Street, ME7 1EP 0.34
03 Jun 2021 £205,000 25, Randolph Road, ME7 4PP 0.37
30 Apr 2021 £170,000 42, Otway Street, ME7 1EU 0.37
16 Apr 2021 £192,000 88, Gillingham Road, ME7 4ER 0.24
26 Feb 2021 £190,000 140, Corporation Road, ME7 1RQ 0.35
26 Feb 2021 £200,000 26, Randolph Road, ME7 4PP 0.37
26 Feb 2021 £230,000 59, Toronto Road, ME7 2ER 0.38
16 Feb 2021 £230,000 74, Barnsole Road, ME7 4DX 0.33
09 Feb 2021 £184,000 33, Gordon Road, ME7 2NF 0.15
03 Jan 2021 £282,000 45, Harold Avenue, ME7 2JH 0.33

The following data is based on a Freehold 2 bedroom Commercial. This data is derived and aggregated from public sources and to be used as a guide not an authority. Please let us know if you spot any anomalies.

Average weekly rental: £238

Average yield: 5.5%

Weekly Rent Bedrooms Property Type distance (miles)
£254 2 terraced_house 0.11
£225 2 flat 0.23
£219 2 flat 0.25
£208 2 terraced_house 0.29
£213 2 terraced_house 0.37
£226 2 flat 0.41
£225 2 terraced_house 0.55
£190 2 flat 0.59
£190 2 flat 0.59
£277 2 terraced_house 0.62
£254 2 terraced_house 0.63
£230 2 terraced_house 0.64
£300 2 flat 0.68
£230 2 terraced_house 0.71
£254 2 flat 0.72
£196 2 detached_house 0.72
£288 2 flat 0.72
£288 2 flat 0.73
£299 2 flat 0.73
£265 2 flat 0.74