Land on the South Side of Wedgewood Drive, Chatham, Kent, ME5 0LD
AU

Land on the South Side of Wedgewood Drive, Chatham, Kent, ME5 0LD

By Auction House London

£ 1,000

Reviews

2 out of 5 stars

Auction House London says ..

**For Sale By Public Auction 12th February 2025 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack** A Plot of Land Measuring Approximately 0.61 Acres / 2,469 sq m / 26,572 sq ft Freehold Guide Price = £...

Property Oracle says ..

This property is a plot of land located on the south side of Wedgewood Drive in Chatham, Kent. The plot size is substantial at approximately 0.61 acres (26,572 sq ft). The images show mostly undeveloped, overgrown land. The listing price of £1,000 is unusually low, especially considering the size of the plot and the prices of nearby residential properties. However, the low price may reflect hidden costs or uncertainties surrounding the land’s development potential. The property’s proximity to Chatham town center provides access to transport links. The listing mentions that the land is up for auction, so potential buyers must be aware of auction dynamics and the process of due diligence. Nearby streets suggest a range of property values; however, detailed analysis is challenging due to limited information for the available nearby properties. The local area comprises established residential housing, and there are schools and transport links in relative proximity. The lack of essential information like specific planning permissions and potential environmental factors requires careful consideration before concluding any aspect of this property’s overall value. Significant due diligence would be necessary before making an informed decision. The area contains both terraced properties and potentially larger detached homes, although precise property values aren’t clearly stated on the nearby streets.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
4
Condition
5
Location
7
Land
6
Bedrooms
0
Bathrooms
0

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
266,000.00 £
Increased by 5.27 %
from 252,679.00 £
Average area rental value
711.00 £/mo
Decreased by 18.46 %
from 872.00 £/mo
Est rental Yield
3.21 %
Decreased by 22.46 %
from 4.14 %
Crime Rate
11.00 %
Unchanged by 0.00 %
from 11.00 %

Agent Activity

  • Auction House London created the listing.

Nearby Schools

NameTypeOfstedDistance
Wayfield Children'S CentreChildren's Centre0.36 KM
Wayfield Primary SchoolAcademy ConverterGood0.39 KM
The RowansAcademy Alternative Provision Converter0.44 KM
Bradfields AcademyAcademy Special ConverterOutstanding0.62 KM
Inspire Free Special SchoolFree Schools SpecialGood0.62 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Mountbatten Avenue £ 295,00000.00 KM
Fisher Road £ 290,00000.00 KM
Spencer Close £ 413,00000.00 KM
Cameron Close £ 312,50000.00 KM
Magpie Hall Road £ 90,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Chatham5199CTM2.78 KM
Rochester5203RTR3.87 KM
Gillingham (Kent)5169GLM3.89 KM
Strood (Kent)5191SOO5.52 KM
Cuxton5201CUX7.84 KM

Nearby Listings

AddressPriceTypeScoreDistance
Land on the South Side of Wedgewood Drive, Chatham, Kent, ME5 0LD £ 1,000BUY5 / 100.00 KM
Churchill Avenue, Chatham £ 300,000BUY7 / 100.06 KM
Heritage Road, Chatham, ME5 £ 285,000BUYUnknown0.10 KM
Heritage Road, Princes Park, Kent, ME5 £ 240,000BUY5 / 100.10 KM
Heritage Road, Waldersalde, Kent, ME5 £ 300,000BUY6 / 100.10 KM

Nearby Properties

AddressPriceDistance
1 Goose Close £ 128,0000.06 KM
19 Goose Close £ 240,0000.06 KM
26 Goose Close £ 242,0000.06 KM
15 Goose Close £ 265,0000.06 KM
2 Goose Close £ 207,5000.06 KM