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Dover Road, Northfleet, Gravesend - Image 1
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Dover Road, Northfleet, Gravesend

South East

£300,000
Listed on 16/05/2024

Property Details

Bedrooms
2
Type
Detached house
Area
850 sqft

Description

This semi-detached two-bedroom house presents a compelling opportunity for those looking to invest in a property with untapped potential. With thoughtful renovations, the layout could easily be transformed to accommodate a third bedroom, appealing to families or investors looking for rental opportunities. On entering, you’ll find a small room that could serve as an office or study, ideal for remote work or quiet reading. The expansive lounge/diner area is bright and airy, offering ample space for family gatherings. A cellar adds valuable storage potential. The kitchen comes equipped with modern white cabinetry and essential appliances, while the ground floor also features a bathroom designed with contemporary finishes. Upstairs, you’ll discover two generously-sized bedrooms alongside a versatile lobby area that has access to a smaller room. This space could potentially be reimagined into a third bedroom or nursery by removing the stud partition. The property benefits from gas central heating and is partly double-glazed, which adds efficiency and comfort. The outdoor space includes a manageable front garden and a south-facing rear garden, complete with a concrete patio and detached outbuilding that can function as a workshop or additional storage area. The on-street parking enhances convenience for residents and guests alike. Situated in Dover Road, this location is particularly attractive for families due to its proximity to well-regarded schools at both primary and secondary levels. It lies within commuting distance of Gravesend, Northfleet, and Ebbsfleet railway stations—offering fast connections to London. Additionally, major roadways like the A2 provide easy access to the M25 and beyond. Local amenities including shops, pubs, and dining options are just a short walk away, while the renowned Bluewater shopping centre is within reasonable reach for more extensive retail experiences. With immediate vacant possession available, this property offers an appealing canvas for renovation or investment without the complications of onward chains.

Investment Analysis

(DA11 area)

Below Market Value

This property is priced -0.1% below area average per sq ft

-0.1%
Potential saving
This Property
£353/sq ft
Area Average
£353/sq ft
Avg Rent (weekly)
£301
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£330,242
10% above area average per sq ft
Potential ROI
-2.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DA11)

Area prices are stable by +1.1% over the last 12 months
3 year growth: -5.6%
5 year growth: 13.3%
Investment Disclaimer: Analysis based on DA11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Dover Road, Northfleet, Gravesend
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE