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Dover Road, Northfleet, Gravesend - Image 1
Dover Road, Northfleet, Gravesend - Image 2
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Dover Road, Northfleet, Gravesend - Image 5

Dover Road, Northfleet, Gravesend

South East

£300,000
Listed on 15/05/2024

Property Details

Bedrooms
2
Type
Detached house
Area
850 sqft

Description

This spacious two-bedroom semi-detached house presents a promising opportunity for renovation and investment. With thoughtful planning, the layout allows for the potential transformation of existing spaces into a three-bedroom configuration, catering to families or individuals seeking extra room. Upon entering, you are greeted by a small room that could serve as an office or study, while the open-plan lounge and dining area offers ample space for relaxation and entertaining. Access to the cellar adds valuable storage options. The kitchen is fitted with contemporary white cabinetry and black countertops, featuring modern appliances that enhance functionality. A ground floor bathroom is conveniently located nearby. Upstairs, you'll find two generously sized double bedrooms complemented by a lobby area that provides access to an additional small room, which could easily be repurposed into a nursery or third bedroom by removing the existing partition. The property benefits from gas central heating and partial double glazing, contributing to its comfort and efficiency. The outdoor space includes a south-facing rear garden complete with a concrete patio area and a detached workshop or outbuilding at the far end, offering versatile usage possibilities. The front garden features convenient wheelie bin storage along a paved path leading to the entrance. The property is ideally situated in a family-friendly neighborhood within reach of several well-regarded schools, including St Botolph's Primary School. Local amenities are within walking distance, providing easy access to shops, pubs, and food outlets. Gravesend train station and Ebbsfleet International are both just over a mile away, equipped with excellent transport links to London via high-speed services. Additionally, major roadways such as the A2 provide swift connections to the M25 and beyond. This residence not only offers immediate occupancy with no onward chain but also represents an attractive investment opportunity in an area with growing demand due to its accessibility and local amenities.

Investment Analysis

(DA11 area)

Above Market Value

This property is priced +2.1% above area average per sq ft

+2.1%
This Property
£353/sq ft
Area Average
£346/sq ft
Avg Rent (weekly)
£304
Avg Yield
5.1%

Renovation Potential

Est. Renovation Cost
£30,000 - £75,000
10-25% of property value
Target Value
£323,183
10% above area average per sq ft
Potential ROI
-13.8%
After renovation
Monthly Sales
28
Average per month
Market Turnover
54%
Properties sold annually

Local Market Trend (DA11)

Area prices are rising by +5.6% over the last 12 months
3 year growth: -1.8%
5 year growth: 24.4%
Investment Disclaimer: Analysis based on DA11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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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