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Luton Road, Chatham

South East

£220,000
Listed on 02/07/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
645 sqft

Description

This two-bedroom property presents a valuable opportunity for both first-time buyers and investors looking to capitalize on its renovation potential. While the home is generally in good condition, there is ample scope for modern updates that would allow new owners to tailor the space to their personal style. The ground floor comprises a cozy lounge and a fitted kitchen, creating a practical layout that could benefit from contemporary enhancements. On the upper level, you will find two spacious double bedrooms; the second bedroom includes access to an en-suite bathroom, adding privacy and convenience. A standout feature of this property is the basement storage room with its own entrance. This area holds exciting potential for conversion into functional living space, pending the necessary planning permissions. It could easily be transformed into a home office, art studio, or additional guest accommodation. The generously sized rear garden has been cherished as a sunlit retreat over the years, providing an inviting space for relaxation or outdoor gatherings during warmer months. Conveniently situated near local amenities, transport links, and the town center, this property offers not only immediate comfort but also long-term investment potential. With no onward chain, it’s an ideal choice for those ready to embark on their homeownership journey or expand their property portfolio. Viewing is recommended to fully appreciate the possibilities this home has to offer.

Investment Analysis

(ME4 area)

Above Market Value

This property is priced +7.3% above area average per sq ft

+7.3%
This Property
£341/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£296
Avg Yield
6.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£225,515
10% above area average per sq ft
Potential ROI
-9.8%
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

Luton 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
£806
Based on a loan of £165,000 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