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Maidstone Road, Chatham

South East

£1,500,000
Listed on 11/12/2024

Property Details

Bedrooms
5
Type
Detached house
Area
3997 sqft

Description

Nestled on a prominent corner plot in Chatham, this detached residence presents a unique opportunity for buyers seeking a property with significant renovation and investment potential. Offering five bedrooms, three bathrooms, and three reception spaces spread across three floors, the layout accommodates versatile living arrangements for families or shared households. Upon entering, you will notice the character that pervades the home, hinting at its original charm while also presenting a canvas for modernization. The expansive grounds of over half an acre allow ample room not only for outdoor leisure but also for potential development opportunities—subject to planning permission—that could include an additional dwelling or annexe suited for extended family living. The property's in-and-out gated driveway enhances both convenience and curb appeal, while the detached garage provides additional storage options. This combination of space and functionality makes it suitable for gatherings or simply enjoying your own peaceful retreat. Located just about a mile from Chatham town centre, residents can easily access a variety of shops and independent cafés. The area is rich in entertainment options; local theaters offer performances ranging from contemporary productions to live music events. For those who appreciate history and culture, the historic city of Rochester is less than two miles away, boasting unique shops and eateries known for their artisanal offerings. Nature lovers will find Capstone Farm Country Park just a short 12-minute drive away. This expansive park offers a diverse ecosystem with woodlands and a tranquil lake—perfect for outdoor activities. Educational institutions nearby include Holcombe Grammar School directly opposite and several other highly-rated schools within a 1.5-mile radius. For commuters, Chatham Station is conveniently located approximately a mile away, providing quick access to London St. Pancras within roughly 40 minutes or London Victoria in under an hour. Additionally, Ebbsfleet International is just a short drive away, facilitating rapid journeys into central London. With its generous dimensions and prime location combined with significant renovation potential, this property stands out as an excellent investment opportunity for those looking to create their ideal home or capitalize on future development possibilities.

Investment Analysis

(ME4 area)

Above Market Value

This property is priced +18.1% above area average per sq ft

+18.1%
This Property
£375/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£296
Avg Yield
6.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £95,000
Target Value
£1,397,491
10% above area average per sq ft
Potential ROI
-12.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (ME4)

Area prices are falling by +5.2% over the last 12 months
3 year growth: -3.5%
5 year growth: 11.6%
Investment Disclaimer: Analysis based on ME4 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

Maidstone Road, Chatham
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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
£5,495
Based on a loan of £1,125,000 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